After the round table, British digital, culture, media and sports minister Matt Hancock (Matt Hancock) told the media that the British technology industry is ambitious.
Hancock said: "What I heard at the round table was that entrepreneurs were optimistic about the technology industry in the UK after the Brexit. They think that the UK can hatch a large multinational company that can compete with China and the United States' large technology companies. Because we already have this ecosystem."
In spite of the uncertainty brought by Brexit, London is still a place of European technology investment. According to data from London & Partners, in 2017, British technology companies received more than four times more investment than Germany, more than Sweden, France, and Italy combined. At present, the number of employees in the UK digital technology industry exceeds 2.1 million.
Hancock stressed that British companies such as chip design company ARM and e-commerce Ocado have attracted many top technology talents to work in the UK.
Hancock pointed out: "A few years ago (2016), ARM was sold to Japan Softbank for 23.4 billion pounds, which injected a lot of funds into the British science and technology ecosystem. In addition, Ocado is a company with a market value of about 10 billion.AmazonOne of the world’s biggest competitors. ”
Hancock added that currently there are more British-owned unicorn companies (starting companies with valuations of more than $1 billion) than any other country in Europe.
He said: "I think it is time to explore the depth of the ecosystem of science and technology. In fact, there are many different technology industries in the UK. For example, financial technology has developed very well in the UK because we are an international financial center and we have very Good science and technology atmosphere."