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London’s popularity as tech hub slumps ahead of Brexit


  • Tech News
  • Wednesday, 24 Oct 2018

Buildings surround the Old Street roundabout dubbed "Silicon Roundabout" in London. After Brexit it might become more difficult or less attractive for tech startups to base themselves in London. — Reuters

Buildings surround the Old Street roundabout dubbed "Silicon Roundabout" in London. After Brexit it might become more difficult or less attractive for tech startups to base themselves in London. — Reuters

LISBON: London's popularity among Europe's tech startup hubs has slumped as Brexit approaches and the city only kept its top spot in an European industry survey published on Oct 23 by a narrow margin.

The survey of 540 tech founders showed that London's popularity dropped to 41% in 2018 in a weighted vote, down from 55% in 2017. Berlin followed with 40%, according to the survey by the European Startup Initiative, a nonprofit organisation.

   

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