Connecting global startup ecosystems: India-UK tech collaboration

It was fantastic to meet some of you during London Tech Week last month. With over 55,000 attendees, the week-long festival once again provided a great platform to showcase what a fantastic global tech hub London has grown into.

#LondonIsOpen: Set amidst an uncertain political backdrop, London Tech Week was a timely reminder that whatever the political situation, London Is Open, for business and investment, for collaboration and partnerships.

#Connecting Startup Ecosystems: In order to sustain London’s position as a global tech leader it is vitally important to establish and develop connections with other global tech and startup ecosystems. This was visible in abundance with several fantastic events focusing on global collaboration including China-UK Hi Tech Festival, India UK Tech Summit, Hong Kong Tech Superconnector, LatAm @ London Tech Week, UK-MENA Tech Forum.

#Key trends: There is continued excitement about Fintech, where London is firmly entrenched as the global leader; with subdomains such as regtech, insurtech and investtech gaining traction. Beyond Fintech, the technologies generating most interest currently are Artificial Intelligence (AI) and Virtual/ Augmented Reality (VR/AR). The intersection and collaboration between corporates and startups continues to grow in importance.

India-UK Tech Summit at London Tech Week

For the first time, London Tech Week featured the India UK Tech Summit hosted by – the global startup tribe. As a showcase event for India-UK collaboration during London Tech Week, the Summit was designed to strengthen and sustain further cooperation through a powerful tech and startup community between India and the UK.  Set in the iconic London Capital Club, the Summit brought together over 200 leading influencers, corporate leaders, trade bodies, VCs, scaleups, startups and other ecosystem enablers from India and the UK.

“Collaboration between the UK and India startup ecosystems, the 2nd and 3rd biggest in the world, offers the greatest economic opportunity in the post-Brexit landscape”

TLA founder, Russ Shaw and Level 39 Chief Executive, Ben Brabyn suitably set the stage summarizing the best of London Tech and emphasizing the importance of developing the India-UK tech corridor. From the India side, Ajit Chauhan, Vice Chairman of Amity University Online whet the appetite of the audience with his narrative of the India education and online market – how Amity University has 200,000 students from 125 countries studying online!

Here’s a few video soundbytes from the VC panel.

Deputy Mayor of London, Rajesh Agrawal, gave an inspirational speech about his journey from India to a successful entrepreneur in the UK, and aptly repeating the #LondonIsOpen message which he has championed so passionately.

“Three reasons why London is so successful as a City – number one – talent, number two – talent, and number three – talent” – Rajesh Agrawal, Deputy Mayor of London for Business

Beyond the amazingly insightful panel discussions and vibrant networking sessions, the showcase startups captured everyone’s imagination. Find out more below.

RecruitmentSmart (also on Kabeela) – AI and machine learning powered recruitment solution

Arya.AI – Enabling enterprises to adapt to deep learning

Medzin – Make healthcare accessible in India

CityFalcon (also on Kabeela) – The future of financial news

Unocoin – India’s most popular bitcoin company

What next for India-UK Tech collaboration

The India-UK Tech Summit was a first step towards developing the India UK Tech corridor. Forums such as these serve as a catalyst for generating interest and initiating partnerships. In the weeks following the Summit, we have seen real evidence of some of the conversations at the Summit crystallising into concrete partnerships and business opportunities.

Equally, a number of other events highlight the kind of momentum there is in the India-UK Tech partnership. Here’s three examples of real action on the ground from the last month alone as a case in point:

1. Wadhawans opens UK unit, buys stake in Zopa – Indian family office sets up fund in UK and acquires stake in UK peer-to-peer lender

2. Unicorn India Ventures aiming for final close of Rs 100 crore fund for making early stage investments in startups in India and the UK

3. Fintech Valley India hosts hackathon at London Fintech Week

Isn’t this exactly what we talked about at the India-UK Tech Summit?

Pictures from the India-UK Tech Summit are available on our Facebook page

#LTW #LondonIsOpen #ConnectingEcosystems #JoinTheTribe

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