UK Government Plans East London Tech Cluster, Startup Visa, Review Of IP Law, £200M In Finance. What?
Wednesday, November 3, 2010; 4:00 PM
The British Prime Minister is expected to announce today that the East of London, which in the last three years has seen a 700% growth in tech companies starting up there, is to become an officially sanctioned startup 'hub' for the UK. Although he will make a speech saying that London will be transformed into a "world-leading technology city to rival Silicon Valley" - a worthy but rather over-optimistic claim - there is some meat here. The government appears to have secured several commitments from companies including Google, Facebook, Intel and McKinsey & Co to invest in the long-term future of the area.As is the way with PMs' speeches, the media has been circulated an advanced copy. So among other things he is expected to say: