Subscribe free to our newsletters via your
. Space Travel 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
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
Mars name-a-crater scheme runs into trouble

India's Mars mission to reach Red Planet in 200 days

Opportunity Mars Rover Exploring Murray Ridge Area

Relay Radio on Mars-Bound NASA Craft Passes Checkout

SPACE TRAVEL
Russia to launch three lunar rovers from 2016 to 2019

Control circuit malfunction troubles China's Yutu

China's Lunar Lander Still Operational

China Focus: Uneasy rest begins for China's troubled Yutu rover

SPACE TRAVEL
WISE Finds Thousands Of New Stars But No Planet X

New Horizons Reaches the Final 4 AU

Thanks America, New Horizons Ahead

Countdown to Pluto

SPACE TRAVEL
Crashing Comets Explain Surprise Gas Clump Around Young Star

Every red dwarf star has at least one planet

Galactic gas caused by colliding comets suggests mystery 'shepherd' exoplanet

A small step toward discovering habitable earths

SPACE TRAVEL
MIT team proposes storing extra rocket fuel in space for future missions

Boosters for Orion's Launch Vehicle Arrive to Cape Canaveral

NASA Tests New Robotic Refueling Technologies

Sierra Nevada Completes Dream Chaser Flight Profile Data Milestone

SPACE TRAVEL
China to launch first "space shuttle bus" this year

China expects to launch cargo ship into space around 2016

China capable of exploring Mars

Feature: The "masters" behind China's lunar rover Jade Rabbit

SPACE TRAVEL
Hubble Telescope Witnesses Asteroid's Mysterious Disintegration

Silently and patiently streaking through the main asteroid belt

Asteroid to make close pass by Earth

Astronomers spot rare asteroid break-up




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.