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<article data-history-node-id="25" role="article" about="/technology/uk-tech-industry" class="node node--type-technology node--view-mode-full clearfix">
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        <a href="/technology/uk-tech-industry" rel="bookmark"><span class="field field--name-title field--type-string field--label-hidden">UK Tech Industry</span>
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            <div class="clearfix text-formatted field field--name-field-paragraphe-left-technology field--type-text-long field--label-hidden field__item"><p><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="line-height:125%"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:black"> A person's day begins with an alarm on his or her phone and scrolling through Instagram feeds these days. </span></span></span></span></p>
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            <div class="clearfix text-formatted field field--name-field-paragraphe-technology-1 field--type-text-long field--label-hidden field__item"><p style="text-align:justify; margin-bottom:11px"><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:black">Technology has touched nearly every single area of our life, from the ways we read </span></span></span><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="font-family:&quot;Times New Roman&quot;,serif">newspapers<span style="color:black"> to the way we interact, everything has changed. Meaning, </span>the tech<span style="color:black"> industry has been growing tremendously.</span></span></span></span></span></span><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="line-height:125%"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:black">It is no </span></span></span></span><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="line-height:125%"><span style="font-family:&quot;Times New Roman&quot;,serif">different<span style="color:black"> for the UK too. Technology sector has contributed over £149 billion to the UK’s economy in the year 2018. Industries such as healthcare, entertainment, transportation, cyber security, financial services, agriculture, communication etc. are benefited from the UK technology</span></span></span></span></p>
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            <div class="clearfix text-formatted field field--name-field-paragraphe-technology-2 field--type-text-long field--label-hidden field__item"><p class="text-align-justify" style="margin-bottom: 11px;"><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:black">As per the data provided by the government’s Digital Economy Council, investment has increased from £1.2 billion to £11.3 billion, in the UK’s technology industry </span></span></span><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="font-family:&quot;Times New Roman&quot;,serif">for the past<span style="color:black"> ten years. However, following a £4.1 billion investment in 2015, the number began to rise dramatically.</span></span></span></span></span></span><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="font-family:&quot;Times New Roman&quot;,serif">Artificial<span style="color:black"> intelligence </span>has grown<span style="color:black"> in the previous decade by 145%. London is declared </span>as the AI<span style="color:black"> European capital, with roughly twice the number of AI businesses in comparison to other cities like Paris, Berlin.</span></span></span></span></span></span></p>

<p class="text-align-justify" style="margin-bottom: 11px;"><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:black">Unicorn’s (Tech company having worth of more than $ 1 billion) number has also seen to be increased from 8 to 81, </span></span></span><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="font-family:&quot;Times New Roman&quot;,serif">from 2010<span style="color:black"> to 2020. In the beginning of this year (2021) too, </span>a<span style="color:black"> total of ten unicorns were generated, resulting in 91 unicorns.</span></span></span></span></span></span><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="line-height:125%"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:black">From these unicorns, 13 unicorns were </span></span></span></span><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="line-height:125%"><span style="font-family:&quot;Times New Roman&quot;,serif">in the health<span style="color:black"> tech space, 14 unicorns were in the business software market, 32 unicorns were </span>in the financial<span style="color:black"> technology area. These three sectors are the ones that </span>have<span style="color:black"> continuously drawn the greatest money during the previous ten years.</span></span></span></span></p>
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              <source srcset="/sites/default/files/styles/max_325x325/public/technology/galerie/2021-09/Technology-2.jpg?itok=zw_QWbav 325w, /sites/default/files/styles/max_650x650/public/technology/galerie/2021-09/Technology-2.jpg?itok=7owD0oPt 650w, /sites/default/files/styles/max_1300x1300/public/technology/galerie/2021-09/Technology-2.jpg?itok=sMqypOUA 800w" type="image/jpeg" sizes="(min-width: 1290px) 1290px, 100vw"/>
                  <img srcset="/sites/default/files/styles/max_325x325/public/technology/galerie/2021-09/Technology-2.jpg?itok=zw_QWbav 325w, /sites/default/files/styles/max_650x650/public/technology/galerie/2021-09/Technology-2.jpg?itok=7owD0oPt 650w, /sites/default/files/styles/max_1300x1300/public/technology/galerie/2021-09/Technology-2.jpg?itok=sMqypOUA 800w" sizes="(min-width: 1290px) 1290px, 100vw" src="/sites/default/files/styles/max_325x325/public/technology/galerie/2021-09/Technology-2.jpg?itok=zw_QWbav" alt="Technology" typeof="foaf:Image" />

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            <div class="clearfix text-formatted field field--name-field-paragraphe-technology-3 field--type-text-long field--label-hidden field__item"><p style="text-align:justify; margin-bottom:11px"><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:black">When compared with the UK, there </span></span></span><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="font-family:&quot;Times New Roman&quot;,serif">are a<span style="color:black"> total of 85 unicorns only combining Israel, France, Germany, and Sweden.</span></span></span></span></span></span></p>

<p style="text-align:justify; margin-bottom:11px"><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:black">Likewise, the UK also outperforms </span></span></span><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="font-family:&quot;Times New Roman&quot;,serif">its European<span style="color:black"> competitors for venture capital investment. As per Dealroom, the UK collected $15 bn or more in 2020, surpassing $14.8bn </span>collected in previous<span style="color:black"> years. This amount is greater than the combined investment of France and Germany.</span></span></span></span></span></span></p>

<p style="text-align:justify; margin-bottom:11px"><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:black">The growth in unicorns and investments over the years has resulted due to the special blend of tech talent, entrepreneurs, and government officials, which has enabled the UK to become a successful tech nation.</span></span></span></span></span></span></p>

<p style="text-align:justify; margin-bottom:11px"><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:black">Well known corporations around the world rely on the technology developed by the UK, such as data centers, artificial intelligence, </span></span></span><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="font-family:&quot;Times New Roman&quot;,serif">and 5G<span style="color:black"> connectivity. It is also keeping up with the digital hubs </span>in China<span style="color:black"> and the United States. In proportion to the number of unicorns and entrepreneurial </span>ventures<span style="color:black"> generated, London has fallen behind Beijing, New York </span>and the Bay<span style="color:black"> Area.</span></span></span></span></span></span></p>

<p style="text-align:justify; margin-bottom:11px"><span style="font-size:10.5pt"><span style="line-height:normal"><span style="font-family:&quot;Libre Franklin&quot;"><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="color:black">The industry is growing rapidly. The UK can continue to lead a European Tech environment, </span></span></span><span lang="EN-US" style="font-size:12.0pt" xml:lang="EN-US"><span style="font-family:&quot;Times New Roman&quot;,serif">with constant<span style="color:black"> research, policy innovation, investment and right people.</span></span></span></span></span></span></p>

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