And the US remains leaps and bounds ahead when it comes to turning ideas into globally competitive businesses. Yet there are places where the UK still falls short. When you get to the Series B, C rounds, there’s fewer funds of scale in the UK that can lead those rounds The UK is still by far the largest in Europe, so the growth in VC has solidified and continued to increase as a general trend.” “We need to look at the growth over the past 10 years and we’re still performing strongly. Referencing the upcoming BVCA Report on Investment Activity for 2022, Chris Elphick, senior VC manager at The British Private Equity & Venture Capital Association (BVCA), noted that while it showed that investment was down from 2021, “2022 was a challenging year for VC globally, not just in the UK”. “One of the more interesting phenomena is where you have people from Silicon Valley seeing Europe as a good place to build a startup.” “What does that mean for the next 40 years? A couple of years ago we started reaching breakout velocity, where people are coming to Europe, to the UK, to start companies,” he says. Stephen Nundy, partner and CTO at Lakestar, says the amount of company formation in the UK has “increased significantly” over the past 10 years. There’s a cross-party recognition that the future for the UK for the next 20 years is going to be innovation-driven.” The contrast with today is stark, he says, particularly referencing Cambridge, home to one of Europe’s top "unicorn universities": “Cambridge has completely transformed: It’s now perhaps the most innovative ecosystem in the whole of Europe for deeptech. ![]() ![]() One of the more interesting phenomena is where you have people from Silicon Valley seeing Europe as a good place to build a startup
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |