The Digital Economy Agreement between the United Kingdom and Singapore enters into force today. This is the most forward-thinking digital trade agreement ever reached anywhere on the planet. London Tech Week attracts around 350 high-tech enterprises from around the world.
This year, the UK tech sector was valued at $1 trillion (£764 billion). According to new statistics from Tech Nation, the United Kingdom ranks fourth in terms of technology investment, with £32.6 billion.
Outside of London and the South East, more over half of these positions are available. The largest delegation from the fast-growing Asia Pacific area has ever attended London Tech Week this week.
The UK aspires to join the CPTPP – a trade bloc worth about £9 trillion – later this year, putting it at the center of a vibrant group of countries as the international economy shifts its focus to the Pacific.
Collaboration in the field of technology between the United Kingdom and Japan: Oxford Quantum Circuits is co-leading a major fundraising round, which will be the largest Series A round in the quantum business in the UK, with the University of Tokyo Edge Capital Partners, Japan’s largest deep tech venture capital firm.
The following are the winners of the UK Tech Rocketship Awards: Scale-ups with breakthrough technology-led solutions that are poised for global expansion are eligible for the awards.
Edwina Hart, the UK’s Digital Minister, says: I’m looking forward to seeing the UK IT sector flourish in Asia Pacific. As the world’s second-largest services exporter, the CPTPP notably advantages the UK, with sophisticated measures that ease digital commerce and modern data rules that will assist the UK’s cutting-edge IT sector go worldwide and open up more financial and professional services markets. Among the other announcements made at London Tech Week are:
- UK-Japan tech collaboration: The University of Tokyo Edge Capital Partners, Japan’s largest deep tech venture capital fund, is co-leading a major funding round of Oxford Quantum Circuits, finding hi-tech solutions to the world’s most challenging problems. This will be the largest Series A round in the quantum industry in the UK and further underlines the UK’s leadership in quantum computing.
- Semi-finalists for the UK Tech Rocketship Awards: The Awards are open to scale-ups founded on innovative technology-led solutions ready for global expansion. The winners of the awards will receive fully-tailored support to aid their expansion in the UK, with market visit, access to tech clusters, venture capital, and the UK’s unique ecosystem of support for ambitious tech companies.