This is an exciting time for East London. The regeneration of the Stratford area will prove one of the lasting Olympic legacies. Tech City, the cluster of digital and technology start-ups around the Old Street Roundabout, has mushroomed to 3,200 companies employing 48,000 people according to a new Centre for London report. In 2008 that number was a mere 15.
There is a lot that London and the UK can offer. London in particular is the mothership of global finance. The media industry is based here along with government and great universities and business schools. Also, English is the native language of the technology industry, so the UK has the advantage over other countries.
The government's TechCityUK initiative has been making headlines with its aim to rapidly grow the cluster of start-ups in London's Old Street area - dubbed 'Silicon Roundabout' - into a world-class hub for technology innovation.