Burbidge joked that she used to tease that Britain used to lead the industrial world, but said there is a very real opportunity to seize. “I’m convinced that we have an opportunity in digital, but in key sectors. It’s foolhardy to say the next Twitter could come from here or the next Facebook or next Google,” she said. “While they absolutely could, we have all the ingredients here, I think it would be down to a lot of luck – but what we have here are ingredients for more than luck.” She pointed to opportunities in fintech, cyber security and education, also underscoring the sharing and on-demand economies. “Common themes about all of the sectors are not only technology, intellectual and innovation leadership in this country, but also policy. I think the cultures of technology, innovation and policy are what drives this sector and some of those other sectors to have Britain leading,” Burbidge detailed. As such, with the likes of the SEUK – which has more than 40 members including Airbnb, Hassle.com, PwC and Tech City – the UK has an advantage. Continuing on the topic of Britain’s leadership, she added: “Contrast that to the United States, where there are a greater number of sharing economy startups in New York or San Francisco than there are in London, you don’t have the regulatory environment or progressive law makers that actually understand what’s driving innovation and consumer adoption in these businesses. I think that’s really key.” By Zen Terrelonge
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.