- Just weeks after the UK signed its biggest post-Brexit trade deal with the CPTPP, £100 billion worth of investment funds from APAC have flocked to London for investment and technology.
- Millions of pounds worth of deals on cards at the London Eye pitch event on the first day of London Technology Week.
- The UK proves itself to be a tech superpower and the best place in the world to invest.
Advanced UK tech companies are set to tout multi-million pound deals with Asia Pacific (APAC) investors today just weeks after the UK agreed to join. CPTPP – a trade bloc of total GDP worth £9 trillion in the Indo-Pacific.
As part of the largest APAC delegation ever to visit London Technology Week, investors representing over £100 billion worth of funds will meet UK tech companies as they seek how to inject money into innovative new projects, from fintech and clean technology to life sciences and Artificial Intelligence.
On the first day (Monday, 12 June) of the UK’s largest tech event underway, business deals were secured with APAC investors and technology companies, with the Department of The Chief Investment Officer, Lord Johnson, will begin further investment talks today at the London Eye.
This includes a strategic partnership between Malaysian company Sunway Group – one of Southeast Asia’s leading conglomerates – and Cambridge-based venture capital firm Deeptech Labs, allowing them to accelerate their growth development of net zero technology and opens new avenues for UK startups in the APAC region.
The signing of the new partnership will take place on the banks of the Thames before more lucrative deals are made at the London Eye, as 25 tech companies have 30 minutes to showcase their latest innovations to investors before their team gets back on the ground.
Investment Minister Lord Johnson said:
London Technology Week is a great opportunity to show that we are a science and technology superpower and that the UK is the number one place to invest.
Just a few weeks after successfully negotiating the biggest post-Brexit trade deal with the CPTPP with the CPTPP, we’re seeing huge interest from investors in the region, with millions of pounds invested in technology. UK top in the world.
Forging closer ties with our friends in the Asia Pacific region is creating huge opportunities for inward investment, as the UK is a leader in scientific innovation and technology.
Many technology companies in Asia Pacific have also announced that they will be moving their headquarters to the UK to further show their confidence that we have the best credentials to do business. This includes Japanese startups Datagusto and Qufooit, as well as New Zealand-based booking platform Enrolmy, with other potential announcements during the week.
Additional support is also being announced by the Government to increase technology exports to Asia Pacific and facilitate more investment.
A new contract has been awarded to Oxfordshire-based Intralink to run the new UK-APAC Technology Growth Program as part of the UK’s Digital Trade Network (DTN). will help UK tech companies and entrepreneurs trade in the APAC region. DTN itself will also expand into Taiwan and Vietnam to ensure UK exporters can access digital technology expertise and help access markets and digital trading systems.
Minister of Technology and Digital Economy Paul Scully MP said:
Seamless collaboration with our global partners is key to unlocking the potential of our leading startup community and thereby leading to the UK’s future as a scientific superpower. science and technology. This is why Intralink’s partnership with the Digital Commerce Network to bring together the UK and Asian tech communities is fundamental to our shared success.
Natalie Black, Royal Commissioner for Trade for Asia Pacific, said:
This record-breaking delegation from Asia Pacific demonstrates our deepening relationship with the countries of the CPTPP.
At this year’s London Technology Week, we witnessed the start-up delegation invited by the Japanese government and our first delegation from Vietnam, demonstrating the UK as a public powerhouse. technology of CPTPP like.
I look forward to seeing the UK’s trillion-dollar tech sector thrive in the region through our expanding Digital Trade Network.
The new UK-APAC Technology Growth Program will boost UK digital technology exports to APAC markets by increasing private sector investment in UK technology companies UK and strengthen the commercial relationship between the UK and the APAC countries.
An Australian tech delegation was also included in APAC’s 600-member delegation, which seeks to maximize the benefits of the UK-Australia free trade agreement that came into force last month.
Janet Coyle CBE, CEO of Grow London, London & Partners said:
The relationship between UK technology companies and APAC investors is critical to unlocking growth opportunities and helping businesses expand into new markets across both regions. I am looking forward to showcasing some of our best tech talent to investors from the Asia Pacific region during London Technology Week. The interest we saw from international companies and investors during this year’s London Technology Week demonstrates the global appeal of the UK’s technology sector.
- 600 delegates will make up the APAC delegation, with another 50-person delegation from Mexico – another member of the CPTPP. Investors in the APAC delegation are representing investment funds managing more than £100 billion in assets.
- Both Minister for Investment, Lord Johnson and APAC HMTC Natalie Black will attend the Sunway Group – Cambridge Deep Tech Labs signing event this afternoon along with senior representatives from MyDIGITAL Corporation and Malaysia Digital Economy Corporation, where They will meet investors and technology firms. Lord Johnson will also deliver a speech.
- An ‘Elevator Pitch’ event at the London Eye will follow shortly with the attendance of HMTC Natalie Black.