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Eric Van Der Kleij, Chief Executive of Tech City Investment Organisation, Christian Kaul, Managing Director of Airbnb, and Pru Ashby, Senior Business Development Manager at London & Partners present on "Why Tech? Why London? Why Now?"
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WHY TECH? WHY LONDON? WHY NOW?
LONDON & PARTNERS WEBINAR
TUESDAY 31ST JANUARY 2012
London & Partners is the official promotional organisation for London
Attracting and delivering value to businesses, students and visitors.
Focuses on maximising opportunities for the capital as a place for businesses, visitors and students and to ensure London is recognised globally as the best big city on earth.
HERE TO HELP YOU ACCESS LONDON AND ALL ITS OPPORTUNITIES
LONDON & PARTNERS
Eric Van Der Kleij• Chief Executive,
Tech City Investment Organisation Christian Kaul
• Managing Director UK & Ireland, Airbnb, a recent investor in Tech City
Pru Ashby• Senior Business Development Manager,
London & Partners
SPEAKERS
BUSINESS SUPPORT R&D tax credits increase from 200-225% Entrepreneurs visa Patent Box Improved Controlled Foreign Company rules Corporation tax reduction – lower than
Germany and US Entrepreneurs relief from Capital Gains Tax
doubled Enterprise Investment scheme tax break
increased from 20% to 30% More sensible cost effective legal structure than
other European countries around:• Data protection, IP, Company registration
Tech City specialists:
Christian KaulAirbnb UK Ltd
We’re the world’s leading and most trusted community marketplace to list, discover, and book unique properties from real people anywhere in the world
…. houses, flats, boats, castles, windmills, lighthouses, trains, planes, caves, yurts, caravans, tents ….
We’re one of the fastest-growing and most exciting companies in the world, as well as being the most innovative company in travel today
Airbnb has transformed the lives of hundreds of thousands of people
Airbnb is about connecting real People
Airbnb changes the way people experience the world, and revolutionizes how we travel!
What’s Airbnb?
After e-commerce and social connectivity, sharing online experiences and goods is the new wave.
“The next century is not going to be about ownership; it’s about ACCESS.”
“Airbnb is leading the 3rd wave of the internet, collaborative consumption’”
Brian Chesky, CEO Airbnb
Collaborative Consumption
London Talent Cluster
• PR opportunities such as TechCity Press breakfast, Webinar
• Tour of Olympic Park
• Free consulting help with setup of London office
• Useful insights to London & UK travel stats
SOUTH PARK
NORTH PARK
N
S
FIND THE PROPERTY & LOCATIONBUSINESS
CASEYOUR
LONDONEXPAND YOUR
NETWORK
FIND THE PROPERTY & LOCATION
FIND THE RIGHT PEOPLE
THE EXPERTS ON DOING BUSINESS IN LONDON
HOW WE CAN HELP YOU SET UP BUSINESS
- Sector Intelligence- Legal Requirements- Corporate/Tax Structure- Cost-effective Set-up
- Specialist Recruitment- Funding & Training- Salary Benchmarking- Employment Practice
- Office Specialists- Market, Clients & Transport- Labour Pool- Demographic Mapping
- Professional Service-- Events-- Government Contacts-- Policy-makers
- Culture & Social Life- Visas & Work Permits- Schools & Colleges
WHY LONDON FOR TECH COMPANIES
CLUSTER: London’s IT sector is the largest in Europe 40% of IT companies in the UK have chosen London as their
base London is home to major Mobile telecommunications
companies – Orange and Nokia 22,000 IT businesses in London, three times its nearest
European rival, including a significant new technology cluster in east London.
700% growth in technology companies starting up in east London in the last three years
EXPERTISE: Access to a pool of 540,000 experienced IT professionals and
technology graduates. London’s universities focus on IT R&D with world class IT
related university research being carried out at:• Imperial College, University College London(UCL), City University,
Queen Mary University of London (QMUL) and Royal Holloway.
London Metropolitan UniversityBirkberk CollegeImperial College LondonLondon Southbank UniversityKings College LondonLondon School of EconomicsUniversity College London
LONDON UNIVERSITIES OFFERING IT BASED COURSES
INITIATIVES Networks
Universities
Recruitment
Mentoring and investment programme
Race for Apps and Digital Shoreditch
ECOSYSTEM All in 1 city 85 out of 100 top interactive agencies are located in London Two thirds of international ad agencies have their European HQ in
London Second in terms of ad revenues to New York VC capital of Europe Major film and music industry - the O2 contributes over £400m to London’s
economy every year Large consumer base – 8 million London, 60 million UK, 500 million Europe
INVESTMENT Angels in the City
• The UK has the best tax breaks for angel investors in the world
City Meets Tech www.citymeetstech.com
Attracting VCs• Index announced new late stage fund on 9th Nov
Reinvention of seed funding• Initiative by Anil Hansjee, ex head of corporate
development Google EMEA
Encouraging recycling of wealth
London government support
Enternships.com – work placements in startups for ambitious graduates
Computer Club for Girls Involvement in shaping IT degree provision with
London universities Junior Techmeetups Apps for Good and Facebook Open data
INCUBATORSStartups need low cost office space – indeed that’s why they originally moved into places like Shoreditch. TechHub, The Trampery, Accelerator, Hoxton Mix, Club Workspace and Innovation Warehouse all offer low cost desks (between £200-300 per month), plus support, events, access to finance and the networking community. Companies like moo.com also offer desk rentals to startups.
WHY INVEST IN TECH CITY THE PLACE: At the heart of London, the leading international business hub
and the number-one European location for IT. THE BACKING: Commitment from government; backing from industry,
banking and academia. E.g. open data THE CASH: Access to London’s world-leading financial services sector and
Europe’s largest VC community. THE SPEED: Cutting-edge ICT, digital and creative facilities, including those
available at the Olympic Park post 2012; priority area for superfast broadband.
THE TALENT: Access to an established and growing community of tech-focused companies and people.
THE CONNECTIONS: World-class international transport links, with Eurostar rail terminal and major airports close by; proximity to leading technology universities.
THE BUZZ: Vibrant multi-cultural commercial and social scene, creating a buzz to generate new ideas and innovation and attract the best talent.
Key events TechMeetups http://techmeetups.com/ Minibar http://www.meetup.com/minibar/ Hacker News http://www.meetup.com/HNLondon/ Angels in the City www.cityoflondon.gov.uk/angelsinthecity Chinwag www.chinwag.com
Social Media Week 6-10th Feb 2012 – various cities. London http://socialmediaweek.org/london/
London and New York BeMyApp Mobile Apps Olympics 24th-26th Feb 2012 - a three-day mobile app development competition http://techmeetups.com/ai1ec_event/bemyapp-weekend-hackathon/?instance_id=30
Social Media Forum 27-28th March http://www.socialmedia-forum.com/europe/ Digital London 13-14th March 2012 www.digitallon.com London Startup Weekend 23-25th March - an intense 54 hour event which focuses
on building a web or mobile application http://london.startupweekend.org/ Internet World 24-26th April 2012 http://www.internetworld.co.uk/ Digital Shoreditch 21st May – 2nd June 2012 http://digitalshoreditch.com/
QUESTIONS What is the national trademarks and patents database URL, where we can search what is
already registered? www.ipo.gov.uk How can people access to your consulting service- create a company in the UK and
spaces in Tech City? Contact London & Partners, we help foreign-owned companies set up in London and are the
experts on FDI in London. www.londonandpartners.com What are the incentives for the patent box? The Patent Box allows companies to apply a 10% corporation tax rate to profits attributed to
patents. Do you know how many Tech City companies are "local" London based companies and
how many are the London/UK operations of overseas headquartered companies? 80% are local London based companies Are Airbnb still recruiting in London? Yes – see their website www.airbnb.com How do we advertise our homes for renting? Register via the Airbnb website www.airbnb.com Would managers of existing tech businesses value peer support through facilitated Action
Learning groups? The Tech City community is vibrant, and networking and collaboration are important factors in its
success.
