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 attain 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 consultants will not be 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 adverts, 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 sturdy assist for UK tech.

Khalid Talukder, co-founder of DKK Companions, commented: “The UK’s expertise sector has confirmed itself to be a profitable international 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 unbelievable to see the federal government displaying continued assist in direction of the thriving companies which might be serving to the nation’s economic system to recuperate and develop. Abroad investments and expansions are an excellent option to promote progress and usher in income, offering elevated alternative for the UK to cement its international place by reaching new markets and gaining new, world-class affect and talent.”

“For the FinTech business, large alternatives lay throughout the funds and FX providers house as they permit worldwide commerce, quicker funds and can enable firms to spice up their productiveness. The UK has at all times prided itself on being a monetary hub, and now, the booming alternatives inside FinTech should be capitalised upon and the federal government assist and promotional actions abroad will assist to this sector obtain its potential” Talukder added.

Expertise Secretary Michelle Donelan mentioned: “The UK has one of many high tech sectors on the earth with a valuation of greater than a trillion {dollars}. It’s various, resilient, and continues to develop at fast tempo with essentially the most enterprise capital funding in Europe. The purpose of this marketing campaign is to draw as a lot collaboration and funding as we will from Silicon Valley.”

“The formation of the Division for Science, Innovation and Expertise, 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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