Mayor of London launches London Technology Week

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Largest Collection of Tech Events ever seen in Europe


The Mayor of London was joined by some of the leading figures in the global tech sector yesterday, including the former Mayor of New York City, Michael R Bloomberg, to launch the first ever London Technology Week, the largest collection of tech events ever seen in Europe.

Over 200 independently-run events will be attended by over 30,000 tech entrepreneurs, investors, business leaders and developers from around the world who will hear first-hand from some of the world’s biggest tech companies, including Microsoft, Samsung, Google, Eventbrite and Yammer, as well as home-grown successes, such as Mind Candy and Hassle.

New research shows that the tech and information sector in London, Southeast and East England – including Oxford and Cambridge – is growing faster than that of California and London employs more workers in financial tech than New York and San Francisco-Silicon Valley. Over the next decade, London’s digital tech sector is expected to grow at a rate of 5.1 per cent per annum, creating an additional £12 billion of economic activity and 46,000 new jobs in the capital.

The Mayor of London Boris Johnson was also joined at the launch event for London Technology Week by the Chairman of Sequoia Capital, Sir Michael Moritz, Tech City UK Chair Joanna Shields, Decoded Co-founder Kathryn Parsons, and Sebastian Siemiatkowski – CEO of Swedish online payments Klarna.

The Mayor of London, Boris Johnson, said: “Tech Week is a superb opportunity to hail the success of London’s tech sector, which despite only being in adolescence already makes a tremendous contribution to our economy and is outperforming our rivals around the globe. The tentacles of our digital army now spread to every corner of the capital and far beyond. We forecast that they will generate a whopping £12 billion of economic activity and 46,000 new jobs in the capital over the next decade.”

Sir Richard Branson, Pioneer-at-Large for Virgin Media Pioneers and Virgin Start Up, said: “The tech entrepreneurial spirit in London is thriving. Today, there are more great ideas, investors and working spaces across the city. It’s a great time to showcase the capital’s successes and opportunities to the global tech sector and demonstrate what London has to offer.”

Events across London Technology week will highlight London’s expertise in areas such as financial tech, creative tech, retail tech and gaming. The Internet World exhibition and Tech Transformation Forum will showcase the most cutting-edge technology innovations and strategies, while other events include a live demonstration of second screen technology during the Portugal v Germany World Cup match; consumer tech demos, including a real-life racing game with miniature AI robotic cars; and Imperial College scientists demonstrating how they are creating a ‘virtual brain’ in order to help understand how our brains work.

Michael R. Bloomberg, Former Mayor of New York City, said: “Ten years ago, no one thought of New York or London as a competitor to Silicon Valley – but today, more and more tech companies are looking to our cities as places to launch and grow, because they offer such diversity, creative talent, and high quality of life. Tech companies thrive on data, and the new Center for Urban Science and Progress in London will harness the power of data to make London an even better place, just as NYU-CUSP is doing in New York. Bloomberg Associates is looking forward working with Mayor Johnson and his team to build on London’s tech momentum and create more jobs in the city.”

London Technology Week has been organised by UBM Live in association with London & Partners – the Mayor’s official promotional organisation for London, ExCeL London and Tech London Advocates.

 

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