We would like to thank our Tech Nation community partners, various departments across the UK Government but particularly the Department for Digital, Culture, Media and Sport and the Department for International Trade, the World Economic Forum and of course, our colleagues and the board at Tech Nation - a team we are incredibly proud to be part of. This report gives us the insight to progress, and should be seen as a true State of the Nation, when it comes to UK tech, and its place in the world. The UK is a shining light, and a nation punching well above its weight in the world, so we need to keep these connections close to mind on the scaling journey of our ambitious, high growth companies.
Nevertheless, there is more to do to curate learning opportunities and create fertile ground for even greater success in the future.Īs global connections become ever more important for the health of our tech economy, there is a responsibility for us to understand how we can best engage with global collaborators, investors and partners. While tech investment was the highest in Europe in 2018, scaleup investment also hit a record high, increasing by an astonishing 61% year-on-year.
An exploration of companies, communities and technologies highlights the key elements in this era of global tech. It shows that the UK is a critical hub in the global tech ecosystem and a strong economic performer. This report presents UK tech on the global stage. Ambitious tech entrepreneurs across the country are more networked than ever, and they are accelerating growth through international connections. The UK holds a pivotal role in the global tech sector. Gerard Grech Chief Executive, Tech Nation Eileen Burbidge Chair, Tech Nation and Partner, Passion Capital Tech Nation, and build a flourishing ecosystem which brings us all together. Stage, and connected with our fellow innovators. We can do this by ensuring that we continue to be a hub on the global Together, we can build a stronger and fairerĬountry. As Prime Minister, I want to see our tech sector realise its extensive potential to boost communities and economies across the entire nation, by pursuing truly global aspirations.Įvery entrepreneur, every innovator and every employer in the tech sector andīeyond can help make this happen. Ambitious people are brought together from across the world by a passion for new technologies and together become pioneers.īacking the industries of the future is a key part of our modern industrial strategy to build a more resilient economy. World class talent the country offers, which allows them to take their UK productsĬlusters built around AI, machine learning, cyber security and fintech are supporting growth, jobs and productivity in communities large and small. They are able to do this by harnessing the Towns and cities benefit from the international reach that our companies create,Īnd the global investment they attract. Not only does the digital tech sector make an essential contribution to the UKĮconomy, it positions our nation as an innovative leader. Innovative products and services they deliver. Value to the nation through the investment they raise, the jobs they create and the These companies are delivering significant economic I am immensely proud of our country’sĪmbitious tech scaleups. We would like to thank The Department for Digital, Culture, Media and Sport, World Economic Forum and The Department for International Trade. The connectedness of our world-leading clusters means that we can leverage strengths and support one another across the country, in order to succeed internationally. In preparation for a post-Brexit world, the report this year focuses on UK tech on the global stage. Information about opportunities and challenges. Monitored the growth of the sector, and provided The Tech Nation Report has been the UK’s State of the An exploration of companies, communities and technologies uncovers the pioneers in this era of global tech. It shows that the UK is a critical hub in the global tech ecosystem, and a strong economic performer. Scaleups are driving UK global tech advantage.
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