Naysayers contend that’s hardly surprising. Aside perhaps from chip designer Arm and accounting software group Sage, the country that practically invented both the computer and the internet has failed to produce a flagship global technology group to rival Facebook, Google, Microsoft or Apple.
“If you say you’re building a start-up in the UK, most people think you’re unemployed,” says 27-year-old Alice Bentinck – a co-founder of Entrepreneur First, a competitive accelerator program which aims to nurture business talent among the UK’s top technical graduates."
“The UK operates on the basis of financial services risk, not entrepreneurial risk,” said Prince Andrew. “We’ve got to adapt that entrepreneurial spirit to the UK.”
As the FT points out the strength of the UK lies in it's proximity to Europe and expat talents within the country. That is, Until May 2019 at least...
"An innovative tech company in London can aspire to have “the DNA of a consumer-savvy Swedish product manager, an Israeli data scientist, a Cambridge or Finnish engineer, and a commercially astute London marketeer,” says Debu Purkayastha, entrepreneur-in-residence at venture capital group Octopus Investments and former principal of new business development at Google."