Silicon Valley campaign set to promote UK’s trillion-dollar tech sector

Silicon Valley campaign set to promote UK’s trillion-dollar tech sector

A brand new Silicon Valley marketing campaign has been launched to drive funding into the UK’s trillion-dollar tech sector to gas rising applied sciences and financial progress, amid the UK’s plans to spice up R&D spend to £20 billion in 2024.

Final yr, the UK proved itself to be a tech superpower because it turned the third nation on the earth to realize a tech sector valued at one trillion {dollars}, alongside the US and China, with 162 ‘tech Unicorns’ valued at greater than $1 billion, greater than Germany, France and Sweden mixed.

Authorities analysis means that a lot of Silicon Valley’s high tech specialists usually are not conscious of the UK’s world-leading strengths and this marketing campaign hopes to advertise the UK sector’s agile regulation and world-class expertise by way of focused LinkedIn and digital show advertisements, a content material partnership with TechCrunch in addition to a brief movie by Stephen Fry.

The marketing campaign is being supported by a number of UK tech unicorns Darktrace, Deepmind, Revolut and Matillion, with plans to ask US tech leaders to the UK for London Tech Week, additional highlighting the federal government’s robust assist for UK tech.

Khalid Talukder, co-founder of DKK Companions, commented: “The UK’s expertise sector has confirmed itself to be a profitable world powerhouse over the previous few years and ought to be considered as a number one hub to spend money on by Silicon Valley. It’s incredible to see the federal government exhibiting continued assist in the direction of the thriving companies which can be serving to the nation’s financial system to get better and develop. Abroad investments and expansions are an excellent method to promote progress and herald income, offering elevated alternative for the UK to cement its world place by reaching new markets and gaining new, world-class affect and ability.”

“For the FinTech business, large alternatives lay throughout the funds and FX companies area as they allow worldwide commerce, sooner funds and can enable corporations to spice up their productiveness. The UK has all the time prided itself on being a monetary hub, and now, the booming alternatives inside FinTech have to be capitalised upon and the federal government assist and promotional actions abroad will assist to this sector obtain its potential” Talukder added.

Know-how Secretary Michelle Donelan stated: “The UK has one of many high tech sectors on the earth with a valuation of greater than a trillion {dollars}. It’s numerous, resilient, and continues to develop at speedy tempo with probably the most enterprise capital funding in Europe. The aim of this marketing campaign is to draw as a lot collaboration and funding as we are able to from Silicon Valley.”

“The formation of the Division for Science, Innovation and Know-how, exhibits buyers and entrepreneurs that the UK is extra devoted than ever to forming a tech sector that’s pro-innovation, pro-talent and pro-growth. Our dedication for R&D spending to be £20 billion a yr by 2024 drives ahead the federal government’s ambitions for the UK to be a science and tech superpower.”

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