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  • Rachel Zlatar

London Startup Ecosystem ๐Ÿ‡ฌ๐Ÿ‡ง

Updated: Oct 30




Everything you need to know about the startup/tech ecosystem in this fast-paced and vibrant city. ๐ŸŒ ๐Ÿ‘‰๐ŸผFull startup guide can be purchased here.


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Ecosystem Overview
Highlights + Overview
  • Startup ecosystem valued at $47 billion ๐ŸŒ

  • Ranked 2nd globally in Fintech ๐Ÿ’ต

  • Ranked 3rd for best Startup Hub globally

  • Ranked 4th globally in Edtech ๐Ÿ“š

  • 11,000+ investors in the UK (~4,000 in London) ๐Ÿ’ฐ

  • 8,000 grant-making trusts (ยฃ3 billion in grants annually)

  • Home to 80 unicorns (6+ new unicorns in 2022) ๐Ÿฆ„

Pros & Cons

โœ… Bustling startup/tech ecosystem

โœ… Easier access to support + funding

โœ… Highest concentration of talent in the world

โœ… 5th most innovative city globally

โœ… GMT time zone (easy to schedule internationally)

โœ… 6 international airports

โœ… Higher concentration of women in tech

โœ… Simple business registration

โŒ Not cheap

โŒ EU investors are less generous than US

โŒ Difficult housing situation

โŒ Can be difficult to get around during peak times

โŒ Winters weather can get depressing


Key Industries

๐Ÿฆ Fintech-top hub globally for funding ($6.3bn)

โš•๏ธHealth Care (main customer for Med-tech is UK Public health system)

๐Ÿ“š EdTech

๐ŸŒค๏ธ Climate tech ($474m)

๐Ÿง  Artificial Intelligence

๐Ÿ’ป Software-as-a-service


Popular Locations

North London โฌ†๏ธ

  • Camden

  • Hackney

  • Finsbury Park

East London โžก๏ธ

  • Old Street โ€œSilicon Roundaboutโ€

  • Shoreditch

  • Canary Wharf

West London โฌ…๏ธ

  • Westminster

  • Soho

  • Richmond

South London โฌ‡๏ธ

  • South Bank

  • Croyden

Incubators/Accelerators
  • FemTech Labs-Female Health ๐Ÿ‘ฉ๐Ÿฝ

  • Reply-IoT ๐ŸŒ

  • Collider-AdTech ๐Ÿ“ฑ

  • CyLon-Cybersecurity ๐Ÿ”’

  • Color in Tech-Underrepresented founders ๐ŸŒฑ

  • Founders Factory-General ๐Ÿ’ช๐Ÿผ

  • Idea London-Powered by UCL + Cisco ๐Ÿ“ถ

  • Impact Hub-Social Entrepreneurship ๐Ÿ‘ญ

  • JLab-John Lewis & Partners ๐Ÿฅ‘

  • Launch22-Early-Stage ๐ŸŒฑ

  • Eagle Labs-LawTech ๐Ÿ“

  • Level 39-General ๐Ÿ’ช๐Ÿผ

  • The Bakery-Corporate Innovation/Intl. ๐Ÿ‡ง๐Ÿ‡ท

  • Startup Bootcamp-Global ๐ŸŒŽ

  • Digital Catapult-AI ๐Ÿค–

  • Hatch-Community Enterprise Charities ๐Ÿ’™

  • LDN_LAB_From Facebook-Deep Tech ๐Ÿ‘จ๐Ÿฝโ€๐Ÿ’ป

For the full list of London incubator/accelerator programs click here.

Coworks

Coworks

  • Andco

  • Second Home

  • WeWork

  • Islington Impact Hub

  • Market Peckham

  • LeBureau

  • eOffice

  • Sandbox Workspace

  • Work.life

  • The Trampery

  • Working From

  • Uncommon

  • The Boutique Workplace

  • Spaces

  • HubHub

  • BEOffices

  • Work + Play

  • YogaRise

Laptop-Friendly Cafes ๐Ÿ’ป

  • Fuckoffee (Bermondsey)

  • The Gentlemen Baristas (Hammersmith)

  • Caravan Restaurants (Multiple locations)

  • Federation Coffee (Brixton)

  • Kaffeine (Fiztrovia)

  • The Collective (Canary Wharf)

  • Store Street Espresso (Hammersmith)

  • Fugutive Motel (Bethnal Green)

  • Ozone Coffee (London Fields)

  • Grind (multiple locations)

  • Holy Shot Coffee (Bethnal Green)

  • Hackney Coffee Company (Hackney)

  • The London Edition, Lobby Bar (Fitzrovia)

  • Mama Shelter (Shoreditch)

  • Eataly (Liverpool Street)

  • Burr & Co (Bloomsbury)

For the full list of London coworks + laptop friendly cafes click here.

Visa Options
  • Tier 1-Entrepreneur Visa ๐Ÿ‘ฉ๐Ÿผโ€๐Ÿ’ผ

  • Up to 3 years

  • Receive investment of 50,000ยฃ from UK-based investor

  • Tier 1-Investor Visa ๐Ÿ’ฐ

  • No longer accepting applications

  • Startup Visa ๐Ÿ’ป

  • Endorsement by UK higher education institution or business organization

  • Global Talent Visa ๐ŸŒŽ

  • Work in academia, research, arts + culture, digital technology

  • Tier 5- Working Holiday Visa โœˆ๏ธ

  • Under 30 years old

  • Up to 2 years

  • High Potential Individual Visa ๐ŸŽ“

  • Attend eligible university (list)

  • Up to 2 years

  • Graduate Trainee Visa (Global Business Mobility) ๐Ÿ’ผ

  • Work with employer in UK branch

  • UK Expansion Worker Visa (Global Business Mobility) ๐Ÿ’ผ

  • Set up a branch of overseas business

Investment

Angel Networks

  • Angels Den-Investment platform ๐Ÿ“ฑ

  • Cambridge Capital Group-London, Oxford, Cambridge ๐Ÿ‡ฌ๐Ÿ‡ง

  • Envestors-Early-stage investment platform ๐Ÿ“ฑ

  • Startup Funding Club-Most active early-stage fund ๐ŸŒฑ

  • Angel CoFund-General ๐Ÿ’ช๐Ÿผ

For the full list of London investors click here.

Government Incentives/Programs
  • Innovate UK Competitions-Various industries ๐Ÿ“†

  • Seed Enterprise Investment Scheme-Social enterprises ๐ŸŒฑ

  • Enterprise Investment Scheme-Fundraising ๐Ÿ’ฐ

  • UK Overseas Trade show Programme-Exports โœˆ๏ธ

  • City of Westminster Business Unit-Local support ๐Ÿ‡ฌ๐Ÿ‡ง

  • Hackney Business Network-Local support ๐Ÿ‡ฌ๐Ÿ‡ง

  • Virgin Startup Funding-Small business loans ๐Ÿ’ต

  • Princes Trust for Young Entrepreneurs-Young entrepreneurs ๐ŸŒˆ

  • Business Boost Competition-Small business competition ๐Ÿ…

For the full list of UK Business Programs & Government Incentives click here.

Network/Events
  • HomeGrown-Private memberโ€™s business club ๐Ÿ‘‘

  • Tech London-Slack channel ๐Ÿ’ป

  • Tech.London-Events ๐Ÿฅ‚

  • Startup Grind London-Events ๐Ÿฅ‚

  • Tech London Advocates-Local community ๐Ÿ‡ฌ๐Ÿ‡ง

  • Meetup.com-Global events ๐ŸŒŽ

  • Eventbrite-Global events ๐ŸŒ

For the full list of London events and startup networks click here.


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๐Ÿ‘‡๐ŸผIf you're looking to expand your business to the UK & build a global network... let's chat๐Ÿ‘‡๐Ÿผ.


โœ‰๏ธ: rachelzlatar@gmail.com

๐Ÿ‘ฉ๐Ÿฝโ€๐Ÿ’ป: https://www.linkedin.com/in/rachel-z/

๐ŸŒ: www.racheladriana.com



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