Behind only the US and China, the UK is third in a global ranking of countries with the most promise for technology breakthroughs, according to a KPMG report. Boasting innovative startup clusters in London, the ‘Innovation Corridor’ (the area between Cambridge and London), the North West of England, and Scotland, the UK is widely acknowledged to be the tech startup capital of Europe. In fact, according to a recent report by Tech Nation, scaleup tech investment was 2.5 times higher than expected based on the relative size of the UK economy, and an astonishing 35% of Europe and Israel’s 169 unicorn tech companies were established in the UK.
Thriving in areas such as fintech, healthtech, AI, and creative industries, the UK is not just ahead of the curve when it comes to tech innovation - it’s creating it. So, what’s been the key to gaining this status as a global innovation leader?