The world is now full of wonderful opportunities in the field of technology, with the industry seeing advances at an incredibly fast rate. This means that there is a lot of potential for startups and entrepreneurs in this field.
Tech startups now have the most wonderful opportunity to enter into a market that is challenging and extremely exciting. Although something to keep in mind is that there are now a lot of startups taking advantage of the opportunities that a city like London is providing, which means the sector is only going to become more and more competitive.
With the emergence of big data and the internet of things, technology is now an integral part of our lives, and this is definitely something that startups in London are taking note of. With so many growth opportunities the UK, and London in particular, is proving to be an incredibly popular location for tech startups to base themselves.
These days London is full of investors who are only too keen to invest their money in the next big thing. This has been made very clear from the large amounts of venture capital that has been flooding into London from across the UK, as well as from other parts of the world.
What are investors looking for?
There are a number of things that investors look for in a tech startup, such as whether or not they can see that your startup is going to be ground-breaking with a definite future. They’ll also be checking whether they can see your company attracting interest from an already-established company who might wish to acquire your company, which would be a lucrative proposition for any investor.
What position does London hold in the tech space?
Even though the US is very much the leading country when it comes to the tech startup landscape, the past year has seen a number of large-scale tech startups come and base themselves in the UK. This influx of startups has been widely backed by the British government, who have been offering investors a number of tax reliefs such as the Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS), in order to encourage investment in unlisted British companies.
The encouragement seems to be working, for in 2014 a record-breaking $1.4 billion of venture capital financing was secured in London, which was double what it had been the previous year and accounted for over 65% of the rest of the UK’s total investment!
In addition to the good news that investors are keen to invest in London-based startups, tech startup founders might also be happy to find out that it is now widely recognised that if you can make it in London, you can make it in the US!