The future of London’s tech economy hinges on its oldest institutions

Lean startup machine
A “lean startup machine” workshop in London

Published in VentureBeat on 08.12.2013

It is no secret that over the last few years London has been exhibiting the characteristics of a growing startup ecosystem. The Silicon Roundabout area in East London was home to over 1,000 startups last year and the digital sector employs over 440,000 people in London alone.

This concentrated multinational market is what keeps UK-based entrepreneurs like Richard Morris in London. “If you are successful, you’ve monopolized London,” said Morris, who is currently a partner at London-based startup Handmade Mobile, and advises a handful of startups. “It’s much easier to go from there.”

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