Prime Minister Rishi Sunak and Mayor of London Sadiq Khan to open 10th anniversary London Tech Week Monday 12 June

Prime Minister Rishi Sunak and Mayor of London Sadiq Khan to open 10th anniversary London Tech Week Monday 12 June

London Tech Week 12-16 June 2023 at QEII, Westminster, SW1P 3EE

  • The UK’s most influential tech event launches tomorrow morning with opening announcements from UK Prime Minister Rishi Sunak and Mayor of London Sadiq Khan
  • Academy Award® winning film director Oliver Stone talks about new film Nuclear Now at London Tech Week’s ClimateTech Summit, 13 June
  • Leading tech speakers include Demis Hassabis, Founder & CEO, Google DeepMind, Clare Barclay, CEO, Microsoft UK and Caterina Fake, Co-Founder, Flickr
  • The most exciting innovations in generative AI, deep tech, cybersecurity, entrepreneurship, climate tech, health tech and the future of work will be highlighted across four stages and 7 floors

Prime Minister Rishi Sunak and Mayor of London Sadiq Khan will open the 10th anniversary edition of London Tech Week (12 – 16 June 2023) tomorrow morning. With over 30,000 delegates from 148 countries descending on the capital for the most influential tech event in the UK, London Tech Week serves as a reminder of the UK’s appeal to tech entrepreneurs and investors globally and why it continues to be the gateway to Europe.

“The UK sits alongside the US and China as a global tech superpower, with a tech sector valued at $1 trillion in 2022. We offer phenomenal infrastructure to tech entrepreneurs including a continuous flow of talent from some of the world’s top universities, plus high levels of skilled immigration, which attracts inward talent, as well as support from traditional corporates and strong access to capital,” said Founders Forum Group CEO Carolyn Dawson OBE.

“We are proud that over the last ten years, London Tech Week has become an open platform to support the growth of a thriving and resilient UK tech ecosystem. The largest festival in its history, this year we will welcome more global delegates than ever, including the best of UK tech. We are evermore excited to connect innovators, entrepreneurs and investors to drive positive change through technology. Watch this space for further announcements this week on our 2024 growth plans.”

UK Prime Minister at London Tech Week

Prime Minister Rishi Sunak will set out why he thinks the tenth London Tech Week represents a moment of huge opportunity.  

Prime Minister Rishi Sunak, said:

“As the tectonic plates of technology are shifting, it’s more important than ever that we build on our existing strengths and make the UK the best country in the world to start, grow, and invest in tech businesses.

“As a passionate believer that technology and innovation are the most powerful forces for making our world a better place, I’m delighted to be opening the tenth London Tech Week – already home to incredible start-ups, game-changing businesses and leading AI Labs.

“It’s my goal to create the right conditions for tech companies to thrive here – this island of innovation – which will help grow the economy, create jobs and ultimately, improve lives.”

The Prime Minister will also take part in a fireside chat with Demis Hassabis, CEO of London-based Google DeepMind. Google is currently investing in new headquarters in London’s King’s Cross.

The Mayor of London at London Tech Week

The Mayor of London Sadiq Khan will talk about the success of London’s tech sector over the last 10 years: “Over the past decade, our tech sector has grown to become an international success story, creating jobs and economic growth for all Londoners. This is highlighted by these new figures showing London remains a top destination for the very best international tech businesses. The tenth anniversary of London Tech Week is a great opportunity to celebrate our recent successes and I look forward to another decade of growth for our city’s tech sector, resulting in a better, more prosperous London for all.”

Data from London & Partners shows London has:

  • Attracted more new international tech companies than any global city in the past decade: 1,700+ tech foreign direct investment projects (ahead of San Francisco and New York)   
  • Attracted 175 new tech companies in 2022, more than Singapore (129), Paris (101) and Berlin (101) – and second only to Dubai (222)1.   

Data compiled by London & Partners from Dealroomshows:

  • The value of London’s tech ecosystem has grown exponentially in the past 10 years from $70bn in 2014 to $621.5bn in 2023.
  • VC investment into London has increased by over 800% in the past decade, with total funding reaching $22.4bn, compared to the $2.4bn in 2014.
  • London is the highest valued ecosystem in Europe currently valued at $621.5bn, ahead of Paris ($247.6 bn) and Berlin ($153.6 bn)2.
  • London has created 101 unicorn companies to date (only 15 were present in 2014), more than any other city in Europe, including Paris (32) and Berlin (34).
  • AI company Quantexa (recently raised $129m Series E funding), EdTech company Multiverse and fintech company Paddle are the newest London-based unicorns.

Further data from Dealroom for the Department for Science, Innovation & Technology shows that, as of 7 June 2023, 134 UK tech startups have reached unicorn status over last 10 years. *

Academy Award® winning film director Oliver Stone is also among the event’s 350+ speakers. Oliver Stone will take the stage on Tuesday 13 June at ClimateTech Summit discussing his new film Nuclear Now.

Some of the world-class tech speakers lined up for London Tech Week include:

  • Demis Hassabis, CEO, Google DeepMind
  • Caterina Fake, Co-Founder, Flickr
  • Daphne Koller, Founder, Insitro
  • Guy Podjarny, Founder, Snyk
  • Stephen Fitzpatrick, Founder, Ovo Energy
  • Gordon Sanghera, Founder, Oxford Nanopore
  • Hanno Renner, Founder, Personio
  • Juan Uridales, Founder, JobandTalent
  • Lisa Jacobs, CEO, Funding Circle
  • Matt Sigelman, President, Burning Glass Inst.
  • Abakar Saidov, CEO, Beamery
  • Euan Blair, Founder, Multiverse

About London Tech Week 2023

Spanning five days with over 70 events and 350 speakers, the annual London Tech Week festival is a global celebration of tech, uniting the most innovative thinkers and talent of tomorrow. It is organised by Informa Tech, Founders Forum, London & Partners and Tech London Advocates, and supported by the Mayor of London and HM Government.

Highlighting how tech is transforming business and society, the festival drives thought-provoking conversations around innovation, diversity, and transformation, providing a platform for the tech ecosystem to come together to drive change. 

Featuring visionary insights from leaders at the forefront of tech transformation, this year’s event is expected to attract an unprecedented 30,000 attendees to London Tech Week’s core offering, and many thousands more at the week-long fringe events hosted throughout the capital.

The key themes for the week include

  • Inspiring a sustainable future 
  • Growing a thriving and resilient UK tech ecosystem
  • True digital transformation and next tech frontiers
     

Tom Cuthell, Vice President, Global Festivals, Informa Tech Founders said: “2023 is our 10th anniversary and it is the year London Tech Week goes big. We launched the campus successfully in 2022 and now we are building London Tech Week into the UK’s biggest and best tech event. No other event unites the entire tech ecosystem like London Tech Week – startups, enterprise, and leaders – and that is what makes us unique. By bringing all those people into the same city at the same time and letting them network, share conversations, do deals and invest in one another – that’s a really special thing.”

Janet Coyle CBE, Managing Director for Grow at London & Partners said: “London’s tech ecosystem has matured in the past decade and is now not only recognised as a top place to start a tech company, but also a leading destination to rapidly scale a global tech business. The future looks bright for London tech and our strengths in high growth sectors such as fintech, health tech and climate tech mean we will continue to see lots of interest from international tech talent and investors. With a record number of international delegations coming into London for this year’s London Tech Week, it’s a great opportunity to showcase the very best of our capital’s tech ecosystem to the rest of the world.”

Russ Shaw CBE, Founder of Tech London Advocates and Global Tech Advocates: “After a decade of extraordinary growth, London has carved out the position as one of the world’s preeminent tech ecosystems. Not only is it a leading innovation hub, with great strides being made in tech verticals such as generative AI, climate tech and cybersecurity, but it also plays an important convening role for global tech leaders coming together to develop solutions for some of the most pressing issues of our time. In the midst of economic uncertainty, building these relationships is more important than ever – and London Tech Week’s tenth anniversary provides an important occasion to reflect on the importance of international collaboration and celebrate the power of technology entrepreneurship.”

Notes to editors:

* A total of 159 startups founded in the UK had reached unicorn status by 2022 (full list here), including 150 maintaining their HQ in the UK in 2023 (list here). Methodological note on Unicorn status: private unicorns are still considered to be unicorns on the basis of their last publicly disclosed valuation until they record a down round affecting their valuation before exit. Unicorns as a result of $1B exit remain verified unicorns so long as they have not failed.

Fringe events taking place at London Tech Week are featured here.

  • Click here for a free Campus pass for access to the London Tech Week Main Stage, Start-up and Enterprise Zones plus Networking Hubs, Live demo areas, and live-streamed and on-demand content.
  • Tickets for the Transformation Stage in the Enterprise Zone can be purchased from https://londontechweek.com/
  • London Tech Week is CPD Accredited with 1 CPD point allocated per 1 hour of content consumed.

London Tech Week YouTube Channel will show streamed sessions from the Main Stage
 

London Tech Week media contacts:

Nikki Alvey nikki@bigtop-pr.co.uk : 07973 354 706

Charlie Le Rougetel: 07736 330676 charlie@bigtop-pr.co.uk / Mark Thomson 07731 451350 mark@bigtop-pr.co.uk

Email:  LTW@bigtop-pr.co.uk

– Ends –

About London Tech Week

London Tech Week is the most influential tech event in the UK. It is a huge celebration of tech as a force for good that connects the world’s most inspirational founders, corporate heavyweights, government leaders, investors, and the next generation of tech superstars. It is organised by Informa Tech, Founders Forum, London & Partners and Tech London Advocates, supported by the Mayor of London and HM Government, and takes place from 12-16 June 2023. https://londontechweek.com/ https://londontechweek.com/

About Founders Forum Group    

Founders Forum Group is a global community and group of businesses supporting entrepreneurs at every stage of their journeys. Its forums unite the world’s most influential founders, investors, corporate and government leaders to tackle era-defining questions in iconic locations across the globe. 

Since 2019, Founders Forum Group has partnered with Informa Tech to celebrate the strength and diversity of UK tech through London Tech Week. Earlier this year, FF Group acquired Tech Nation, the UK’s leading growth platform for tech scaleups. Fuelled by the connections and ideas forged at the group’s flagship events, FF Group businesses support the needs of today’s founders via professional services, education, investment, networking, philanthropy, and content.

About Informa Tech

Informa Tech is a leading provider of market insight and market access. It connects, informs and inspires the business technology community to build a better, more sustainable world and start conversations that matter. Through its in-depth expertise and engaged audience community, Informa Tech helps business professionals make better technology decisions and marketers reach the most powerful tech buyers and influencers in the world.

About London & Partners

London & Partners is the business growth and destination agency for London. Our mission is to create economic growth that is resilient, sustainable, and inclusive. We are a not-for-profit company and operate as a social enterprise, half funded by the Greater London Authority (GLA) and half from other sources including our portfolio of commercial ventures. For more information, visit  www.londonandpartners.com

Tech London Advocates & Global Tech Advocates

Tech London Advocates and Global Tech Advocates brings together a diverse and inclusive network of startups, scaleups, corporates, policymakers and academics to drive the exchange of knowledge, ideas and experiences for the good of the global tech sector. TLA has 15,000 tech leaders, experts and investors championing London as a globally significant tech hub and campaigning to address challenges facing tech companies in the UK. GLA spans 29 networks and 30,000 advocates in the world’s fastest growing tech cities and regions.