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Silicon Valley investor Plug and Play on scaling UK tech

Plug and Play UK
Image credit: Plug and Play

Silicon Valley-headquartered investor and innovation platform Plug and Play has locations across the world, from the US to China. But until earlier this year, it did not have a presence in the UK.

“If you are a UK startup and you need to scale, you can land in Plug and Play’s head office in Silicon Valley, where we work with 300 odd corporations,” Kieran Borrett, head of Plug and Play’s UK division told UKTN.

Having launched in the UK in April, it now plans to back up to 30 UK early-stage startups each year. But how does the early-stage investor view UK tech compared to the global technology scene?

UK tech: challenges and opportunities

The UK tech industry is now valued at $1tn, a landmark milestone that has previously only been reached by the US and China. While the UK’s tech scene has experienced significant growth over the past decade, it still trails behind the US, home to tech behemoths like Microsoft, Google and Amazon....