tech nation 2016 at sxsw austin 2016
TRANSCRIPT
A short presentation given at SXSW 2016 on the UK Tech Economy -‐ based on Tech Nation 2016 Report and its growth drivers
@techcityuk
2
2 ENGAGING PARTS TO THE PRESENTATION
UK Digital Economy growth
WHY (a view)
1. 2.
Who we are: 1. programmes | 2. policy convening | 3. advocacy
20,000 UK sign-‐ups 15,000+ in training
Stage B+ concierge -‐ £1bn raised via 30 rounds
-‐ £1.1bn via IPOs -‐ In 26 months
Most comprehensive annual analysis of the UK’s Digital Tech Economy
Leadership Mentorship programme for stage A businesses
Accelerating digital growth in North of England
Concierge service for fast-‐growth US tech companies
Dedicated Visa Scheme for hiring digital tech talent
Alliance between the UK’s many thriving tech clusters
4
British Digital Tech Economy is growing steadily
$260Bn
Total Digital Turnover*
+32% than the wider UK Economy
Growing
Source: Tech Nation 2016 Report, Tech City Uk/Nesta*based on 58K identified Digital Businesses
5
+2.8x 1.56M UK Tech Jobs
Jobs growing
41% In non-digital industries like education & Finance
Faster than the wider economy
$80K Average UK Tech salary
+36% Higher than UK average salary
British Digital Tech Economy is stronger than ever
Source: Tech Nation 2016 Report, Tech City Uk/Nesta
6
Key Tech Clusters are emerging across the country
Cambridge
Oxford
Bristol/SW
7The North of England & Scotland growing stronger
Manchester
Newcastle
Edinburgh
8London is home to 13 of Europe’s 40 Tech Unicorns.
London Major Operations:
43% of all European $1bn dollar valued companies are based in the UK
30 FUNDING ROUNDS
£1.1Bn RAISED
£1.18 Bn RAISED FROM 4 IPOs
6 ACQUISITIONS
In the last 24 months…
3. Creative talent & critical mass of expertise in various sectors
1. Smart capital
2. Strong business & policy environment
4. Rich ecosystem & connected nation
4 key growth drivers are powering this UK growth
Why this growth?
1. Investment in UK tech again hit record high in 2015 at >$3.5Bn. On average, >30% of EU investment in UK ((11% of Eu population)
VC investment in London tech companies is 20x what it was in 2010
UK companies raised >30% of all European VC money in Q4 ‘14
Source: CB Insights/London & Partners, 2015
UPDATE
More funds now exist, opening new opportunities and securing the growth potential of talented teams
142. Policy conditions for tech growth are ripe: end to end.
From start up to exit. End-‐to-‐End.
>£2.5Bn
>£1Bn
4. Corp Tax: 20% (joint lowest in the G7)
1. 50% relief on capital gains tax on early stage investments
3. Visas: Entrepreneurs’ Visa, Tech Nation Visa
2. R&D Tax Credits: fueling innovation
5. London Stock Exchange high growth segment
3. Very rich Ecosystem: Key HQs, >60 UK tech accelerators & >100 co-‐working spaces & 50+ support orgs
164. Deep & extensive pool of talent, with top research
universities, Digital Skills Academies & Int. HQs
International & EU HQs Technology Institutes &
World-‐class Universities
Finally, pls say hello to our Tech City UK companies with us at SXSW!
@TechCityUK #UKatSXSW
Thank you for coming
Read The Report at www.techcityuk.com/technation
MIKE BUTCHER TechCrunch Managing Editor @mikebutcher
NICO PEREZ Mixcloud CEO @nicoperez
VINCE BANNON Getty Images SVP, Partnerships @pointer8708
BEN BOWLER Chew CEO @benbowler
& the Disruption of Music @TechCityUK #UKatSXSW
SXSW PANEL