London  Technology  Week  2015  &  Innovate  Finance:  Money  talks:  VCs  take  the  stage        Snapshot  of  UK’s  Funding  Landscape    Gerard  Grech  CEO,  Tech  City  UK    @techcityuk  |  @gerardgrech    

2!Tech  City  UK  

         Who  are  we?      Launched  by  the  UK  Prime  Minister,  David  Cameron,  in  2010  to  support  digital  entrepreneurship  in  Tech  City.      Our  aim  is  to  help  create  the  optimum  set  of  conditions  for  entrepreneurs  in  London  &  cities  in  UK  by:      1.   Delivering  programmes  that  fill  market  

gaps  across  the  whole  lifecycle  of  digital  businesses  (e.g.  Digital  Business  Academy)  

2.  Providing  an  agile  and  responsive  feedback  loop  to  government  to  help  shape  the  right  policies  (e.g.  Visas)  

3.   Championing  and  connecting  the  digital  sector  in  the  UK  and  internationally  (e.g.  Tech  Nation)  

     

Investment  in  London  tech  companies  in  2014  was  20x  what  it  was  in  2010.  2x  in  2014  vs  2013.    

0  

200  

400  

600  

800  

1,000  

1,200  

1,400  

1,600  

2010   2011   2012   2013   2014  

Amou

nt  In

vested

 (millions

)  

+$1.35bn  

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  

More  funds  now  exist,  opening  new  opportunities  and  securing  the  growth  potential  of  talented  teams    

5  Policy  conditions  for  growth  are  ripe.  Even  for  exit.  The  London  Stock  Exchange  recently  introduced  the  high  growth  segment.  

>1Bn  

>£1Bn  

20%  corporation  tax  (joint  lowest  in  the  G7)      

Seed  Enterprise  Investment  Scheme  

Visas:  Entrepreneurs’  Visa,  Exceptional  Tech  Talent  Visa,    

Investor  visa  

R&D  Tax  Credits  &  Patent  Box  to  fuel  more  innovation        

Europe  now  has  40  unicorns  (£1B  valued  digital  businesses).  17  (42%)    in  the  UK  

Source:  GP  Bullhound,  2015  

7  Recent  significant  UK  acquisitions  

$675M  

$527M  

Our  Future  Fifty  Programme  in  numbers    

22  Funding  Rounds    

 £675M  in  16  months  

 4  IPOs    

 17,000  

employed      

2  scale-­‐up  stories  (from  the  Future  Fifty  program)    

$1bn  valued    business      Est.  2011  

Est.  2008  

>50M  registered  users      

92%  Avg.  growth  of  companies  in  

London  

!!

companies  surveyed  nationwide  

1.46m  

employed  in  tech  across  the  UK  

50%  

of  digital  companies  

founded  since  2008  

!!

Big  Data:  47K  companies    

>200K  

employed  in  tech  in  Inner  London  

London’s  notable  strengths:    

Data  Management  &  Analysis,  Software  Development,  AI    

 Marketplace,  E-­‐commerce,  Creative  industries  (Eg.  music,  fashion),  FinTech  &  

AdTech  

 

 

 

 

2500+  

Core  Research  Partners:    

 London  is  at  the  heart  of  a  wider  UK  digital  ecosystem  

where  investment  opportunities  exist  across  a  Tech  Nation  

Rich  Ecosystem:  Key  HQs,  >30  tech  accelerators  &  >70  co-­‐working  spaces  and  several  support  orgs      

Thank  you  for  your  time        @techcityuk    |  @gerardgrech  Gerard  Grech  CEO,  Tech  City  UK  

Thank  you  for  your  time    

Visit  our  website  and  download  our  reports  or  join  one  of  our  

programmes    

techcityuk.com  @techcityuk      

 Gerard  Grech    @gerardgrech  

 CEO,  Tech  City  UK