East London Tech City
in undefined, United KingdomCategory: Attraction
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Old St Underground Station, London EC1Y 1BE, UK Print route »
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East London Tech City (also known as Tech City and Silicon Roundabout) is the term for a technology cluster of high-tech companies located in London, England. It broadly occupies an area between St Luke's and Hackney Road.A cluster of web businesses initially developed around the Old Street Roundabout in 2008. The area had historically been relatively run down compared to the City. The 2008–09 recession further suppressed rents through the closure of numerous firms, making it affordable to technology start-ups, while redundancies from financial services companies, such as investment banks, released a pool of experienced talent interested in entrepreneurship.From 2010, as the cluster developed, both local and national government supported its growth, with the goal of creating a cluster comparable to Silicon Valley in the United States. Cisco, Facebook, Google, Intel, McKinsey & Company and Microsoft are among the companies that have invested in the area. City, University of London, London Metropolitan University, Imperial College London, Queen Mary University of London and University College London are all academic partners in projects based in the cluster.
