Introduction
The UK has long been considered one of the best places in Europe to be a tech entrepreneur. Entrepreneurs can set up their base here and make use of the numerous advantages we have to offer when it comes to building a business. The country's global reach, diversity, and tech-friendly environment all make it an ideal location for entrepreneurs looking for success in today's fast-moving international marketplace. In this article, we'll discuss why UK tech entrepreneurs often choose to go global from here, as well as how they can achieve their goal of operating around the world while maintaining a presence in this welcoming environment.
Every UK Accelerator and Incubator
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The UK is one of the best places in Europe to be a tech entrepreneur.
The UK has a lot going for it as a place to be a tech entrepreneur. The country has a good infrastructure for entrepreneurs, with great access to talent and money. It also has a regulatory environment that's conducive to innovation, as well as one of the best tax environments in Europe. There are plenty of angel investors willing to take risks on small companies—and they're able to do so thanks to government incentives like SEIS and EIS investments (see below).
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The UK is home to some of Europe's most successful tech companies. For example:
- Facebook—founded in 2004 by Mark Zuckerberg at Harvard University
- LinkedIn—founded in 2002 by Reid Hoffman at Stanford University
- eBay—founded in 1995 by Pierre Omidyar while he was working at Claris Corporation
UK tech entrepreneurs go global because they can.
It's for these reasons that people in the UK go global:
- They can. The UK has a strong economy, with a highly educated workforce and well-defined legal framework for business. It also has a strong financial sector, making it easy for tech entrepreneurs to raise capital when needed.
- They want to (or are told they need to). As more technology companies reach scale, investors expect them to expand internationally—and fast. In order of importance, reasons include access to new markets (such as China), higher growth rates at home versus abroad (in markets such as the US and Germany), expertise in your industry sector or niche market size within countries outside Europe or North America where English may not be spoken widely enough yet
https://www.great.gov.uk/advice/ - Provide advice on the exporting
https://www.great.gov.uk/markets/ - Discover new markets for your business
https://www.great.gov.uk/services/ - Additional services that DIT offer to support their export journey
https://www.great.gov.uk/get-finance/ - Advice/guidance on UK export credit agency
Conclusion
The UK has many positive reasons for being a base to start up a global business from. The British workforce is highly skilled, which makes it much easier to hire the right people. The British reputation for finance and innovation also means that startups are able to access funding more easily than in other countries, and can also be confident their company will be taken seriously by investors when looking at overseas markets. UK universities have great reputations across the world, meaning that graduates can move on easily into well-paid careers after university (or before if they so wish).
Every UK Angel and VC Group and What They Do and Contact Details
