EIF Study Visit to London for MEPs

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EIF invites all members of the European Parliament to join the Study Visit to London. Under the theme of ‘Digital entrepreneurship and startups in Europe: the London case’, the programme will include high-level meetings and visits for MEPs with the aim of offering a real hands-on experience of one of the greatest entrepreneurial hotspots and technology hubs in Europe, as well as a deeper understanding of the conditions that allow the development of the appropriate startup ecosystem, with a reflection on the role of policy-makers.

The delegation will visit ‘Tech City’, the ‘Digital Catapult Centre’, ‘Level 39’ and various startup hubs. They will discuss with enterpreneurs and prominent guests from the academia and other relevant organisations. They will also have the opportunity to meet Ed Vaizey MP, Minister of State at the Department for Culture, Media and Sport and the Department for Business, Innovation and Skills, with responsibility for digital industries.

Please contact secretariat@EIFonline.org for further information and registration.


WHY LONDON?

"Startups in Silicon Valley, the epicenter of the tech world, and the U.S. overall have seen an unprecedented amount of investment as consumers and businesses buy into more online services, and investors flock to fund the next big thing. But the ripples of that trend are being felt elsewhere, too. A new report says that London chalked up a record $682.5 million of investment in the first three months of this year, a rise of 66 percent on a year ago and busting through the previous record of $411.62 million, set in Q4 of last year." says TechCrunch.com. Read more LINK

The Financial Times writes: “There is no better place in the world to set up a fintech firm than in London,” says Ismail Ahmed, the Somali co-founder of WorldRemit, a money transfer service that raised $40m from venture capitalists last month. “As the global centre of financial services and a tech hub, London gives fintech entrepreneurs access to an unparalleled pool of talent, from developers to product managers to compliance officers to sales,” he adds. Read more LINK

"London is a popular location for new start-ups to open their doors for business. Countless new ventures have been founded in London over the years, and some have achieved incredible success. There are some interesting and innovative new start-ups that have been formed recently that you may want to pay attention to in coming years." Check the list of '15 London Startups to Watch For in 2015' by www.inc.com

With its growth potential London is facing the shortage of the tech professionals:"The skills gap across the U.K. digital sector is well documented. A government survey carried out in 2011 found the number of vacancies in the sector to be equivalent to five per cent of the entire workforce. In 2013, a report by mobile operator O2 claimed that at least 745,000 additional workers with digital skills would be needed by 2017 to meet demand from employers." wsj.com Read more LINK  

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