The new Labour government could bring about a renaissance in UK tech and bolster the country’s precarious post-Brexit startup pipeline. That’s if politics don’t get in the way.
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When it comes to #tech, Britain’s calling card is not as sparkling as it once was... The UK tech landscape has survived many things during the 14 years of consecutive #Conservative governments: - #Brexit - A tech #talent pipeline problem - A two-and-a-half-year hiatus of its membership in #Horizon (#Europe’s key #science and #innovation program) - An over-reliance on foreign #investors - A worrying lack of appeal as a place to grow #startups or go public Despite all these headwinds, the UK tech sector is still in remarkably good shape: - It has around 50 startup #unicorns (companies valued at over $1 billion) - Its tech #industry remains the third-most-valuable in the world after the #US and #China The message to this #Labour #government from startup #founders, investors, and tech advocates is clear: - Improve #investment #opportunities - Unlock the potential of future technologies - Steal certain things from the playbooks of former Conservative governments—and other nations—to get ahead The incoming Labour government could turbocharge the tech industry into a new renaissance—if #politics don’t get in the way. Read all about it on WIRED: https://lnkd.in/ecrxWHXw
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