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Tech Nation Report 2018

This year’s Tech Nation report has once again crowned Bristol as the UK’s #1 digital tech productivity powerhouse at £320k turnover per worker.

Other key facts that came out of the report were that Bristol has:

a £7.9bn digital tech turnover

a balanced economy with a dominant distribution of businesses by age

198 digital tech business births

£2.9bn GVA

24,754 jobs in digital tech

26,999 digital tech jobs

The report goes on to say “Investment is the buzzword in this deep-rooted digital tech cluster, with game-changing funding flooding in for specific companies and citywide initiatives alike. Mix this with a good quality of life, a heritage in engineering and excellent academic institutions and Bristol is the perfect place to start and grow a digital business.

Graphcore, a semiconductor company that develops accelerators for AI and machine learning, secured £38 million Series C funding in a round led by Sequoia Capital, following a $30 million Series B led by Atomico in July.

In March 2018, the Smart Internet Lab, a world leader in 5G network technologies, delivered an end-to-end 5G network in Bristol’s Millennium Square, to demonstrate 5G services to the general public for the first time. The experimental events worked with artists, researchers and creatives to produce bold new works which explore the capability and potential of 5G.  The events are part of a £16 million government funded project, to develop the first trials of end-to-end 5G systems, at the University of Bristol, King’s College London and the University of Surrey.

A benchmark study by UBI Global ranked SETsquared as the world’s leading business incubator. The enterprise partnership between the universities of Bath, Bristol, Exeter, Southampton and Surrey has helped over 2,500 UK startups raise more than £1.5 billion of investment. Last year over 880 entrepreneurs participated in SETsquared programmes, while the 381 companies it incubated raised a record £218 million of investment.”

Engine Shed Managing Director, Nick Sturge was cited as the most influential person for start-ups and the local tech cluster.

What start-ups particularly valued about the area were: access to talent; a helpful tech community and the area being a great place to live.

A great resource in the report this year is an interactive map that highlights the core meet-ups available in the city. https://technation.io/rawfile/Report2018/NetworkDiagrams/FullScreen/Bristol/

Meet-ups that are seen as being particularly well regarded are; software development, AI, Open Source and Web Design.

For more information on our tech cluster and to find out how we can help you access these great resources then get in touch through our Contact Us page.

 

Category: news