London crowned tech king of the world

Eat your heart out Silicon Valley

London crowned tech king of the world
Si么n Geschwindt
Story by

Si么n Geschwindt

London has been named the world鈥檚 most high-tech city, according to Z/Yen Group鈥檚 seventh edition of the Smart Centres Index, published today.聽聽

The British capital secured the top spot for its world-leading financial services, deep talent pool, quality of its business environment, and international reputation.

Climbing from second place, London was joined in the top five by New York, San Francisco, Zurich, and Lugano. Oxford came in seventh place, putting four European cities in the top 10.聽

The news that London has taken the top tech title from New York will undoubtedly be welcomed by British PM Rishi Sunak, who has on multiple occasions expressed his desire to make the UK as a whole a tech and innovation superpower.聽

In a rather humourous speech recently Sunak even labelled the country 鈥淯nicorn Kingdom,鈥 in a not-so-subtle nod to the fact that the UK has so far birthed 162 startups valued at $1 billion or more.聽聽聽聽聽

While the PM definitely shouldn鈥檛 forge a career in comedy, he does have a point. During 2022, UK tech firms raised 拢24bn in funding, more than France (拢11.8bn) and Germany (拢9.1 bn) combined, making it the world鈥檚 third-largest tech sector.聽聽

Leading this investment is London, which is currently home to a number of up-and-coming tech firms including Deliveroo, Revolut, and Wise, as well as emerging startups like AI research lab DeepMind and metaverse developer Improbable.聽聽聽

The top 20 most high-tech cities in the world. Credit: Z/Yen

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