introduction to united kingdom for startups - univ. assignment
TRANSCRIPT
[ London, The City of Opportunity ]
Geonnam Park / Jinsoo Choi / Junyeong Gil
Why London?London, The City of Opportunity
Financial SupportWell-Organized & Extended Coverage Support: Future Fifty & UKTI
Business-friendly EnvironmentAdministrative Convenience: Companies House
Solid FoundationTechnology Exchange & Educational Programs by Major Cor-porations
1. Financial Support Program: Future FiftyLondon, The City of Opportunity
“London is the City for En-trepreneurs”-Carl Dawson, founder of Proversity (www.proversity.org)
In 2013, The Government of United Kingdom has selected 50 promising and innovative companies and provided ex-tensive support as follows:
1. Strategic Consulting Service2. Educational Workshops3. Expansion of Investment through Pro-
motions4. Government-provided Advertisements
Since then, the project known as Future Fifty has shown remarkable growth and achievements.
On-Demand Food Delivery Ser-vice
Flight Comparison & Reservation
Personalized Typing Prediction
791 millionTotal Funding Raised by Future Fifty Com-panies
17,000 PersonEmployed by Future Fifty Companies
1. Financial Support Program: Future FiftyLondon, The City of Opportunity
Employment & Expansion Re-sults
Financial Results
30% Growth RateIn 12 months among Future Fifty Companies
170 CountriesNumber of countries Future Fifty Companies have customers in
63% IncreaseIncreasing in funding from 2014 to 2015
£1.1 billionCollective raise on London Capital Mar-kets
1. Financial Support Program: UKTILondon, The City of Opportunity
“UKTI really motivated us and showed us what was possible to do”-Julien Labruyere, Director of VetCT (www.vet-ct.com)
75% of UKTI ClientsReported satisfaction to the UKTI Ser-vice
£65,000Additional Profit gained by UKTI Ser-vice in average
UK Trade & Investment(UKTI), is a gov-ernment-operated trade support service. It works with UK-based businesses to support their successful expansion to global market and encourage investment in the UK by overseas businesses.
UKTI also arranges events like Market Visit to the United States(Feb. 2015) and The China Marketing & Strategy Program. Com-panies can participate in these events and learn practical information necessary for expansion.
2. Business-Friendly EnvironmentLondon, The City of Opportunity
One-Stop Administrative SystemStarting a Busi-ness
Closing a Busi-ness
Requirements:
1. The Company’s Name2. Registered Address of the Company3. Names & Addresses of Directors4. Details of Shareholders & Share Capi-tal5. Takes £15 / Single day
Requirements:
1. Payment of legislated retirement al-lowance2. Responsibility restricted to capital only3. Joint Surety NOT required
3. Solid Foundation: Tech CityLondon, The City of Opportunity
“Right now, Silicon Valley is the leading place in the world for high-tech growth and innovation. But there’s no reason why it has to be so pre-dominant.”
-David Cameron, Prime Minister of United Kingdom(Nov. 4, 2010, In a speech to high tech businesses leaders entrepreneurs in East London)
In 2010, The Prime Minister of UK has an-nounced Tech City Project. The project is to raise East London as the second Silicone Valley, and more than 100 major corpora-tions including Google, Facebook, Amazon and Intel have participated since then.
The project provides helpful programs for businesses from starting to expanding overseas, in association with other organi-zations. Currently there are more than 1,300 startup businesses operating, with more than 50 business nurturing organiza-tions and venture capital companies.
Reliable Partners
3. Solid Foundation: Tech CityLondon, The City of Opportunity
Co-working SpaceBoth Part-time & Full-time
Various EventsDaylong Workshops,
Classes with Industry Professionals, and much more
Device LabAble to Test Projects Instantly
Provided Services
Results
70,500 Event Attendees91% Satisfaction Rate 1,000 Mentorship Ses-
sions34 million fund raised
Join London!London, The City of Opportunity
Administrative Convenience
Government Support with Remarkable Results + Open Opportunity to International Mar-ket
Practical Support from Major Corpora-tions
Join London. Join The Fu-
ture.