cambridge boston cluster discussion sep 2014
DESCRIPTION
Slides for discussion between British American Business Council of New England and UK Trade & Investment on collaboration and cooperation between Boston and CambridgeTRANSCRIPT
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A Tale of Two Cities
Mark Littlewood, Founder, The BLN@MarkLittlewood
Internet of Things Forum 2015 – 11-12th March 2015Business of Software Europe - 23-24th June 2015
Business of Software USA - 21-23rd September 2015
#BoS2014
Business of Software Conference
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World Trade Center, Boston
Cambridge, England
A Tale of Two Cities
• A Strong Pool of Founders • Local Capital • Killer Events • Access to Great
Universities • Motivated “Champions”• Local Press / Websites /
Networks
• Alumni • Local Wins• Recycled Capital • Second-Time Entrepreneurs • Ability To Attract a Pool of
Talent• ‘Marquee’ Local Companies
12 Things that make clusters work. Brad Feld, Mark Suster.
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Cambridge
Largest Hi-Tech Cluster in the UK, >1,400 high tech firms employing more than 53,000 people
Cambridge generates wealth:
• GVA/job is £45k (compared to London’s £34.2k in 2009).
• Two $10Bn and Eleven $1bn companies have been created in Cambridge over the last 15 years.
• Annual revenues of $22Bn (£13Bn)• At least $50Bn of market cap generated by
Cambridge.
House prices rose by 11% last yearUnemployment is 1.5%
Cambridge (proper)
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Cambridge Has Unique Eco-System
• World’s top University• Research laboratories • Technical consultancies • Home grown biotech, hi-
tech & engineering companies
• Multinationals• Angel & VC investors (8%
of European VC money) • Networking & mentoring
organisationswww.TheBLN.com #BoS2014
Cambridge
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Cambridge
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Most active tech cluster in Europe
www.TheBLN.com #BoS2014Sources: EVCA, various research
$50m+
$10bn+
$1bn+
Exits
/Mar
ket C
ap
8
Cambridge ideas change the world
EDSACRaspberry Pi
Crick & Watson Solexa (acquired by Illumina in 2006)
CAT (acquired by AstraZeneca (MedImmune))
therapeutic monoclonal antibodiesDNA sequencing
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A Low Risk Place to do High Risk Things
“The diversity of specialised clusters makes Cambridge a unique technology entrepreneurial ecosystem – local companies include leaders in sectors as diverse as biotechnology, medical technology, gaming, audio, semiconductors, materials & printing.”
Cambridge Startup Intelligence Report, Nov 2011
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What’s coming?
• SaaS • Business Model Innovation• Drug Discovery• Robotics• Big Data• AI• Personal Medicine
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The Rise of the Machines
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The Rise of the Machines
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• aka The Internet of Things
What is the most important thing about technology?
It works!
Me
Users
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Fighting the Rise of the Machines
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UsersCustomersEngineersSoftware & HardwareInvestorsEntrepreneursDistributors
@THE_BLN
GROUPS>THE BLN
Internet of Things Forum11-12th March 2014, Cambridge, UK
Where IoT is a people [email protected]
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