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Is London the new Tech Hub of the World? 

Silicon Roundabout

Silicon Roundabout

Following the launch of the government’s “East London Tech City” initiative, Silicon Roundabout’s profile is rising globally. Silicon Roundabout is fast becoming Europe’s answer to Silicon Valley in the area of London encompassing Shorteditch, Hoxton and Old Street.

Exciting things are happening in Silicon Roundabout, hundreds of new companies have been born in the past couple of years, employing thousands of people and generating a sense of community, excitement and entrepreneurship in the area. Facebook has launched its new HQ in Kings Cross and Yelp has now a HQ in Baker Street, with two of the biggest Silicon Valley giants opening up in London and focusing their current marketing plans to build a base in the city says quite a lot. The area has proved a profitable place to invest with a number of high profile buy-outs, and even attracted Google and Microsoft to set up business in the area.

According to Guardian reports, David Cameron is encouraging more start ups to launch in London from all over the world and is on a mission to attract more business to London.

“Our ambition is to bring together the creativity and energy of Shoreditch and the incredible possibilities of the Olympic Park to help make East London one of the world’s great technology centers.”

David Cameron – UK Prime Minister

 

 

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