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Britain has built a $1 trillion high-tech economy, the third in the world after the US and China.
New York, March 27, 2024–(BUSINESS WIRE)–The Great Britain and Northern Ireland Campaign (GREAT), the UK Government’s flagship international communications program, today unveiled the Eternally Changing Statue, a distinctive 3D hologram installation designed in New York City. Announcing the unveiling ceremony. The aim is to highlight the UK’s strength as the world’s third largest technology investment destination, and as the birthplace of over 160 incredible unicorn companies valued at $18 billion. The statue, featuring the founders and CEOs of America’s leading unicorns and futurecorns, is currently on display at Rise by Barclays in New York until April 4, 2024.
Created by British company HYPERVSN, GREAT’s transforming statue serves as a monument to the Unicorn Kingdom, GREAT’s campaign that highlights the UK’s world-leading technology ecosystem. While statues have historically been used to celebrate past achievements, GREAT has created statues to celebrate the companies that represent Britain’s dynamic and innovative spirit and drive the future of business and technology at a global level. I requested the production of. Startups at the forefront of major disruption and growth, such as Quantexa, Blockchain, Octopus Energy Group, and Proximie, will feature rotating statues, allowing visitors to learn more about the companies and their founders while viewing the installations. Masu. A complete list of all founders featured in this statue can be found here.
The UK is a hotbed of innovation and, along with the US and China, is the only country in the world with a high-tech sector worth more than $1 trillion. The country has produced more unicorns than France and Germany combined, and has particular strengths in artificial intelligence, fintech, health and biotech. In 2023, British Chancellor Rishi Sunak announced a bold plan to consolidate Britain’s position as the world’s science and technology powerhouse by 2030, investing more than £370m in government funding. strengthened infrastructure, investment and skills in key growth technologies such as quantum. Supercomputing and AI.
“The UK start-up community has long stretched beyond its capabilities, and this is no coincidence. “In 2021 alone, we spent £14 billion on research and development,” Chancellor Sunak said. “It’s only right that we celebrate the successes of our start-up community and this statue does just that, showcasing the innovative founders who have helped grow the UK economy.”
British start-ups have long been an attractive opportunity for investors. The main reasons for this are the country’s excellent talent pool, world-renowned universities with top R&D capabilities, proximity to the European Financial Capital of London, and progressive and agile regulatory environment. By 2022, VC investment in London alone will exceed $20 billion. The UK has 12 Decacorn companies, and despite being 40 times smaller geographically than the US or China, it remains in the world’s top three unicorn companies across major technology sectors.
Saul Klein, co-founder and managing partner of Phoenix Court, home to LocalGlobe, Latitude, Basecamp and Solar, said: “Over the past 20 years, the UK has become one of the world’s leading technology ecosystems, with: known as DeepMind, Wise, and Monzo. It’s incredible to witness this change and see the impact that British-born technology has had on Europe, the US and other countries. To continue this success, we need the expertise and scalable capital to support our next companies. This is a generation of influential founders. ”
The term unicorn was first coined ten years ago by Eileen Lee of Cowboy Ventures. At that time, 39 companies were designated as unicorns, or companies valued at $1 billion or more. Although the number of unicorns worldwide has increased to more than 1,000, they still account for less than 1% of all venture-backed startups.
“Much of our success is due to the collaborative spirit and access to capital we have enjoyed in the UK,” said Oliver Kent Braham, co-founder and co-CEO of disruptive insurance company Marshmallow. he said. “We have successfully built our company by supporting expatriates who come to the UK and need a fair deal on car insurance. We have great options to support amazing innovations and have the potential to make a huge impact on markets around the world. ”
Fintech continues to be a strong area for UK startups, ranking second globally for the number of unicorns in the industry, including Wise, Revolut and Starling Bank. The country’s leading fintech unicorns have spawned nearly 100 additional startups from current or former employees, forming a virtual circle of innovation and technology leadership.
Anne Bowden MBE, founder and non-executive director of Starling Bank, said: “Achieving unicorn status not only highlights our relentless commitment to innovation, but also highlights the immense potential of technology in the UK. “Starling Bank is proud to be at the forefront of innovation in the UK.” “We envision a future where cutting-edge solutions empower both individuals and businesses and drive economic growth and prosperity for our nation.”
The ever-changing statue will be on display at Rise by Barclays, 43 W 23rd St, from March 27 to April 4, 2024. Visitors can access the statue on his second floor of the building until 9 p.m. After signing in at reception on the ground floor, Monday to Friday at 1:30am and 4:30pm.
About Great
The GREAT Britain & Northern Ireland campaign is a program that aims to enhance Britain’s reputation and drive economic growth through fiercely competitive markets for international trade, investment, tourism, education and talent. Founded in 2011, the campaign now runs in more than 160 countries around the world, bringing together the British government, the private sector and many celebrities to promote the best of Britain. For more information, please visit https://greatcampaign.com/. .
About Barclays
Founded by Barclays, Rise is a global fintech ecosystem of cutting-edge startups and scalers working together to create the future of financial services.
At Rise, we have created an environment for open innovation and growth through our physical locations in New York and London and our virtual community in India. Our ecosystem provides access to Barclays’ network of industry experts, mentors, investors and partners to help founders scale at their own pace.rise barclays
View source version on businesswire.com. https://www.businesswire.com/news/home/20240327266877/ja/
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