Over 300 events will take place across the capital this week as London Tech Week 2019 kicks off.
The event expects to welcome more than 55,000 attendees from over 90 countries to network, do business and discuss the future of tech and how the fourth industrial revolution might be set to transform society.
Organised by a range of stakeholders, including Informa Tech, COGX and a wide range of businesses, tech companies, local councils, embassies, publications and associations, London Tech Week covered the full spectrum of technology subjects and brings together numerous global tech communities.
At the launch event, held at Here East and organised by Informa Tech, Theresa May announced that tech companies from around the world will be backing the UK in the form of a £1.2bn investment.
Additional government commitments included:
- £153m government funding, with an additional £205m pledged by industry, to unlock the potential of quantum technologies, including accelerated drug development from quantum computing
- 2,500 places available for the first time for AI and data conversion courses starting next year, to equip tech-driven businesses and people across the country with the skills they need. This includes 1,000 government-funded scholarships to open up opportunities for people from all backgrounds
- Launching a study into tech competitiveness to identify opportunities and support for digital businesses to ensure the UK remains the most attractive place to build a tech business. This will be led by industry: Cindy Rose from Microsoft UK, Suzanne Ashman from LocalGlobe, Stephen Coleman from CodeBase, and Avid Larizadeh Duggan from Kobalt
‘We sit on the cusp of the next great industrial revolution, we have the opportunity to work together and ensure that the advances we see transform our world for the better’ PM Theresa May, launching London Tech Week #LondonTechWeek #LTW #tech pic.twitter.com/l7xrhfE0Hx
— London Media (@LondonMediaPR) 10 June 2019
May commented: “Already we are one of the best places in the world to start and grow a tech business. British Tech is growing over one and a half times faster than the rest of the economy, adding more than one hundred and thirty billion pounds to our economy every year…
“But if we are going to maintain our position as a global leader, our challenge is how we develop British Tech and make it even better. We want this to be the place everyone thinks of – and comes to – first when they want to develop their world changing tech ideas. This is a challenge shared between industry and Government…
“Today as we sit on the cusp of the next great industrial revolution, we have the opportunity to work together and ensure that the advances we see transform our world for the better, and for the benefit of everyone. Government will back you all the way.”