We maintain a dialogue between the Tech City UK community and policy makers through monthly Tech City breakfasts at No. 10, which has already resulted in schemes and tax breaks supporting tech start-ups
The TSB is the UK’s innovation agency and has dozens of programmes designed to support tech start-ups, from innovation vouchers to assistance with international business missions and online networking platforms.
Crucially, the TSB brings together business, research and the public sector, to help develop products that will not just meet market needs, but tackle major societal challenges and help build the future economy. Ambitious? That’s just how we like it.
For more information visit www.innovateuk.org.
It’s not just a great philosophy, the GDS also represents strong opportunities for Tech City UK companies, in the form of the Government’s G-Cloud and Open Procurement Framework. G-Cloud provides access to commodity, cloud-based services, while the Digital Services framework allows government customers to commission bespoke digital services.
And who better to provide tailor-made, world-class tech support than the start-ups in Tech City UK.
For more information visit http://digital.cabinetoffice.gov.uk/
Chaired by Rohan Silva, senior policy advisor to the Prime Minister, the Tech City Advisory Group also includes angel investors, CEOs of high-tech start-ups and seed funding experts.
Like a tech-savvy pick-and-mix, the Board is helping shape how the government supports Tech City UK companies, keeping an eye on national policy changes and making sure we remain a thriving start-up community and a lightning rod for international investment.
The aim of the alliance is to share knowledge and best practices; communicate opportunities and information that will benefit the businesses within each cluster, gather input and feedback from each business community and feed this into government.
But they have further, more wide-ranging goals: to change cultural perception around technology and entrepreneurship, to nurture talent and skills, to support high growth businesses, and to help commercialise great ideas.
Their second meeting was held in June at Buckingham Palace and hosted by HRH Duke of York. Watch this space and expect to hear more from the alliance soon!
During the Olympics we collaborated with the London Borough of Hackney to showcase talent in East London and a recent review of Tech City UK has seen recommendations for increased engagement in schools and support for the self-employed.
With more than 15,000 new businesses starting up in Tech City UK last year alone*, local boroughs are taking notice, offering support and helping us grow the next generation of digital start-ups.
For more information visit www.hackney.gov.uk www.cityoflondon.gov.uk , www.islington.gov.uk, www.newham.gov.uk, www.towerhamlets.gov.uk, www.haringey.gov.uk, www.westminster.gov.uk,
www.london.gov.uk
We work with the GLA on a number of different levels. Firstly, we liaise with them to advocate and represent the tech/creative community on issues of policy, regeneration, city planning, science and technology initiatives and consultations. Just one example of the GLA’s commitment is the project Tech City Stars, which will equip 125 local youngsters with a digital apprenticeship and route to employment.
Tech City UK and GLA also regularly meet to discuss issues including the regeneration of the Old Street Roundabout, broadband networks, visas, East London regeneration and the property strategy for the city fringe.
To find out more visit www.london.gov.uk
The Tech City Investment Organisation (TCIO) was established in April 2011 to help achieve this, and were presented with three key challenges from the community.
Firstly, there were barriers for start-ups such as access to early stage finance.
Secondly, the community was fragmented with not enough opportunities or places for entrepreneurs to meet.
Finally, the cluster was not ‘on the radar’ for the global tech and investment community.
The Government has responded by ensuring that national policy promotes enterprise and growth and by shining a spotlight on the cluster at a global level. The Entrepreneur Visa programme, the Seed Enterprise Investment Scheme and the opening up of Government procurement have opened up new and exciting opportunities for tech start-ups and international investors.
They’ve created tax breaks for angel investment and made it easier for tech companies to list on the London Stock Exchange.
The Government and TCIO have also created more opportunities for the community to come together, increasing the likelihood of collaboration and creation.
One key example is the monthly Tech City Breakfasts held at No. 10 Downing Street, a feedback session that has resulted in changes to the IPO regulations and the development of Tech City Apprenticeships.
Tech City UK is now on the radar internationally. Global corporates including Google have set up shop in East London and investors from Sequoia Capital to Twitter have made deals with local start-ups.
Working closely with the community has meant that any Government involvement adds to the cluster’s growth by making a catalytic, positive difference.
For more information, visit
The Future Fifty consists of 50 innovative technology businesses transforming sectors ranging from ecommerce to medicine, fashion to leisure, consumer goods to property, media and financial services. The programme connects the companies with expertise and tailored support to enable them to scale rapidly and lay the foundations for major liquidity events, including the potential of a listing.
Future Fifty is managed by a focused team with a mix of private and public sector experience, providing a single point of contact into delivery partners across Government, matching companies with publicly funded schemes and incentives relevant to their stage of growth and specific needs.
A broad range of private sector partner organisations and mentors with deep experience of growth-stage businesses and public markets have also been assembled to provide mentorship and business development support in areas including accountancy and legal advice, corporate governance and support for companies approaching a public listing, marketing and public relations.
Visit www.futurefifty.com for more information or email [email protected].