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[ London, The City of Opportunity ] Geonnam Park / Jinsoo Choi / Junyeong Gil

Introduction to United Kingdom for Startups - Univ. Assignment

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Page 1: Introduction to United Kingdom for Startups - Univ. Assignment

[ London, The City of Opportunity ]

Geonnam Park / Jinsoo Choi / Junyeong Gil

Page 2: Introduction to United Kingdom for Startups - Univ. Assignment

Why London?London, The City of Opportunity

Financial SupportWell-Organized & Extended Coverage Support: Future Fifty & UKTI

Business-friendly EnvironmentAdministrative Convenience: Companies House

Solid FoundationTechnology Exchange & Educational Programs by Major Cor-porations

Page 3: Introduction to United Kingdom for Startups - Univ. Assignment

1. Financial Support Program: Future FiftyLondon, The City of Opportunity

“London is the City for En-trepreneurs”-Carl Dawson, founder of Proversity (www.proversity.org)

In 2013, The Government of United Kingdom has selected 50 promising and innovative companies and provided ex-tensive support as follows:

1. Strategic Consulting Service2. Educational Workshops3. Expansion of Investment through Pro-

motions4. Government-provided Advertisements

Since then, the project known as Future Fifty has shown remarkable growth and achievements.

On-Demand Food Delivery Ser-vice

Flight Comparison & Reservation

Personalized Typing Prediction

Page 4: Introduction to United Kingdom for Startups - Univ. Assignment

791 millionTotal Funding Raised by Future Fifty Com-panies

17,000 PersonEmployed by Future Fifty Companies

1. Financial Support Program: Future FiftyLondon, The City of Opportunity

Employment & Expansion Re-sults

Financial Results

30% Growth RateIn 12 months among Future Fifty Companies

170 CountriesNumber of countries Future Fifty Companies have customers in

63% IncreaseIncreasing in funding from 2014 to 2015

£1.1 billionCollective raise on London Capital Mar-kets

Page 5: Introduction to United Kingdom for Startups - Univ. Assignment

1. Financial Support Program: UKTILondon, The City of Opportunity

“UKTI really motivated us and showed us what was possible to do”-Julien Labruyere, Director of VetCT (www.vet-ct.com)

75% of UKTI ClientsReported satisfaction to the UKTI Ser-vice

£65,000Additional Profit gained by UKTI Ser-vice in average

UK Trade & Investment(UKTI), is a gov-ernment-operated trade support service. It works with UK-based businesses to support their successful expansion to global market and encourage investment in the UK by overseas businesses.

UKTI also arranges events like Market Visit to the United States(Feb. 2015) and The China Marketing & Strategy Program. Com-panies can participate in these events and learn practical information necessary for expansion.

Page 6: Introduction to United Kingdom for Startups - Univ. Assignment

2. Business-Friendly EnvironmentLondon, The City of Opportunity

One-Stop Administrative SystemStarting a Busi-ness

Closing a Busi-ness

Requirements:

1. The Company’s Name2. Registered Address of the Company3. Names & Addresses of Directors4. Details of Shareholders & Share Capi-tal5. Takes £15 / Single day

Requirements:

1. Payment of legislated retirement al-lowance2. Responsibility restricted to capital only3. Joint Surety NOT required

Page 7: Introduction to United Kingdom for Startups - Univ. Assignment

3. Solid Foundation: Tech CityLondon, The City of Opportunity

“Right now, Silicon Valley is the leading place in the world for high-tech growth and innovation. But there’s no reason why it has to be so pre-dominant.”

-David Cameron, Prime Minister of United Kingdom(Nov. 4, 2010, In a speech to high tech businesses leaders entrepreneurs in East London)

In 2010, The Prime Minister of UK has an-nounced Tech City Project. The project is to raise East London as the second Silicone Valley, and more than 100 major corpora-tions including Google, Facebook, Amazon and Intel have participated since then.

The project provides helpful programs for businesses from starting to expanding overseas, in association with other organi-zations. Currently there are more than 1,300 startup businesses operating, with more than 50 business nurturing organiza-tions and venture capital companies.

Reliable Partners

Page 8: Introduction to United Kingdom for Startups - Univ. Assignment

3. Solid Foundation: Tech CityLondon, The City of Opportunity

Co-working SpaceBoth Part-time & Full-time

Various EventsDaylong Workshops,

Classes with Industry Professionals, and much more

Device LabAble to Test Projects Instantly

Provided Services

Results

70,500 Event Attendees91% Satisfaction Rate 1,000 Mentorship Ses-

sions34 million fund raised

Page 9: Introduction to United Kingdom for Startups - Univ. Assignment

Join London!London, The City of Opportunity

Administrative Convenience

Government Support with Remarkable Results + Open Opportunity to International Mar-ket

Practical Support from Major Corpora-tions

Page 10: Introduction to United Kingdom for Startups - Univ. Assignment

Join London. Join The Fu-

ture.