Subscribe free to our newsletters via your
. Space Industry and Business News .




SPACE TRAVEL
London makes new push to rival Silicon Valley
by Staff Writers
London (AFP) March 13, 2014


Maybe this time Silicon Valley will have to move over -- London made a fresh bid Thursday to become a world centre for high-tech and start-ups.

Mayor Boris Johnson said he wanted to make London the "tech capital of the world".

The high-tech sector in the British capital has grown out of the trendy east London district of Shoreditch and now stretches out to the Olympic Park several miles away.

"There is nowhere to rival London for tech firms to thrive and grow -- we have the talent, the investors, and the entrepreneurial spirit," Johnson said.

The prevalence of start-ups around Old Street roundabout has seen it dubbed Silicon Roundabout, but while the area is far from the gleaming offices of California's Silicon Valley, the British government is pushing the sector hard.

The Tech City body, which has been helping companies set up in London since 2010, says there are now 1,300 compared with 200 when it was created, and they employ more than 155,000 people.

Johnson said the Olympic Park, the site of the 2012 Games which is now re-opening in a reconfigured form, was "ripe both for new start-ups and more established operations".

Tech City says one sign of the attractiveness of the British capital for the high-tech sector is the 75-percent growth in the number of foreign companies investing there.

Not everyone is happy -- some of the original start-ups in Shoreditch claim they have been priced out by rapidly rising rents as the tech giants move in.

But key players in the sector who gathered with Johnson at the TechHub -- a centre where other entrepreneurs can come for advice -- said London was a highly attractive destination with huge potential.

Michael Acton Smith, the CEO of Mind Candy, the makers of the global hit Moshi Monsters, said: "Confidence in London is rising, start-ups are flourishing, you can feel the crackle of energy and potential in the air."

Social networking giant Facebook is expanding fast in London because it is such a "rich source of engineering and technology talent", said Nicola Mendelsohn, the company's vice president for Europe, the Middle East and Africa.

.


Related Links
Space Tourism, Space Transport and Space Exploration News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





SPACE TRAVEL
Under shadow of spy scandal, Merkel, Cameron head to tech fair
Berlin (AFP) March 10, 2014
The German and British leaders will officially open the world's biggest high-tech fair on Sunday, amid global debate about data security following revelations of mass US and British online snooping. Chancellor Angela Merkel joins fellow conservative Prime Minister David Cameron to inaugurate the CeBIT in the northern German city of Hanover, 10 days after her high-profile London visit. Be ... read more


SPACE TRAVEL
Microsoft hopes 'Titanfall' can boost Xbox One

Acoustic Cloaking Device Hides Objects from Sound

Copper hits near 4-year bottom over China slowdown fears

Candy Crush sweetens gaming for female audience

SPACE TRAVEL
Raytheon receives contract modification on JPSS Common Ground System

ASC Signal Completes First Phase of Horizon Teleports Installation and Receives Additional Antenna Order

Soldier's Network Update: US Army Capability Set 14 to Include AN/PRC-155 Manpack Tactical Radios

New Wireless Tagging And Tracking Capability For Managing Sensitive Assets

SPACE TRAVEL
United Rocket and Space Corporation registered in Russia

Payload prep continues for Arianespace Soyuz for Sentinel-1A

Russia to Start Building New Manned Rocket Launch Pad in 2015

New Vostochny space center a key priority for Russian Far East

SPACE TRAVEL
McMurdo Announces Global Availability of Maritime Fleet Management Software

Fifth Boeing GPS IIF Spacecraft Sends Initial Signals from Space

Russia to deploy up to 7 Glonass ground stations outside of national territory in 2014

Northrop Grumman Awarded U.S. Military Contract for Navigation Systems

SPACE TRAVEL
US regulators warned of problems on Boeing 777s

Malaysia Airlines mystery revives black-box debate

China spots floating objects in Malaysia jet hunt

Boeing Maritime Surveillance Aircraft Demonstrator Completes First Flight

SPACE TRAVEL
LED lamps: less energy, more light

Bending the Light with a Tiny Chip

Scientists build thinnest-possible LEDs to be stronger, more energy efficient

Two-dimensional material shows promise for optoelectronics

SPACE TRAVEL
NASA Radar Demonstrates Ability to Foresee Sinkholes

Satellite Sees Winter Storm March Over Mid-Atlantic

NASA-JAXA Launch Mission to Measure Global Rain, Snow

NASA Building Four Spacecraft to Study Magnetic Reconnection

SPACE TRAVEL
Greeks protest against Syria chemical weapon destruction at sea

Maize Plus Bacteria: One-Two Punch Knocks Copper Out of Stamp Sand

China promises cleaner air, steady 7.5 percent growth

Reforms slow in Bangladesh's toxic tanneries




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.