echnological advances are rapidly changing the way we live and work. Companies are reshaping societies and economies in positive ways. As the pace of change accelerates, the UK & India are among the main nations leading the way in digital transformation. Thriving tech companies in both countries are driving positive change in the world.
The UK, which has been recognised as a global tech leader for a long time, is already known for its strong economic performance and ability to attract excellent tech talents. London, Cambridge, Bristol, Edinburgh and Oxford are five of Europe’s top 20 investment destinations, contributing to the UK having the largest share of investment of any European Country. India has seen ups and downs due to regulatory hurdles or poor infrastructure. This has constrained the potential of the startup economy. This has begun to change over the past years. Government policies like the Startup India initiative have streamlined the entire process of funding. Additionally, it provided several funds for promising startups. Bengaluru, also known as Silicon Valley of India, has maintained its premier position amongst Indian startup hubs with a total of $23 billion in funding across 1876 deals from 2014 to 2020.
The underlying data of this publication originates from the annual Tech Nation Report 2020 and The State of Indian Startup Ecosystem Report 2020. This report provides important insights into the state of the UK & Indian tech industries.
Read the full report India x UK: Startup ecosystems here.