The Duke and Duchess of Cambridge Endorse Tech City
On the first day of their visit to America the TRH the Duke and Duchess of Cambridge will be attending a panel debate on Tech City – the UK's equivalent to Silicon Valley. This is their first engagement to promote British business and to encourage overseas companies to invest in the UK.
Tech City is a cluster of technology, digital and creative companies based around Shoreditch and the Old Street area of East London. It is the fastest growing technology hub in Europe and, worldwide, it is second only to Silicon Valley. UK Trade & Investment (UKTI) is determined to ensure that it becomes the digital capital of Europe and is taking steps to encourage businesses to open there. The conference on Friday 8 July is one part of the Government's overall strategy to encourage trade and investment and, in particular, Tech City's development.
Speaking about the event, the Trade and Investment Minister, Lord Green said:
“I am delighted that the Duke and Duchess of Cambridge are giving their very public support to Tech City and to British business.
Tech City is key to Britain's high-tech future. The Government is committed to bringing innovative investment to East London, and to every part of the UK. It is Europe’s fastest growing technology hub and so far over 300 organisations have set up there.”
The panel for the debate includes many high profile and successful American businesses.
The panellists are:
Chad Troutwine (Chair), Co-Founder of Veritas Prep and Producer of Freakonomics
Tim Cadogan, CEO OpenX
Ankur Shah, Co-Founder & Co-CEO Techlightenment
Dominic Wheatley, Co-Founder & Chairman, SocialGo
Shawn Colo, Co-Founder & Head of M&A, Demand Media
The panel debate is part of a one day conference in Beverley Hills designed to encourage American technology companies and venture capitalists to invest in Tech City.
Tech City forms part of the Government’s Olympic legacy programme. Part of the Olympic Park, that adjoins Tech City, will be made available to companies to provide office accommodation.
UKTI will tweet live from the panel debate. To follow the debate live, follow www.twitter.com/UKinCalifornia.
Separately today the Technology Strategy Board (TSB) announced a further £2million competition for digital entrepreneurs.