Google Campus London
| Tech City | |
|---|---|
 Tech City
Tech City shown within Greater London
|
|
| OS grid reference | TQ325825 |
| • Charing Cross | 2.5 mi (4.0 km) WSW |
| London borough | |
| Ceremonial county | Greater London |
| Region | |
| Country | England |
| Sovereign state | United Kingdom |
| Post town | LONDON |
| Postcode district | EC1, EC2 |
| Postcode district | N1 |
| Dialling code | 020 |
| Police | Metropolitan |
| Fire | London |
| Ambulance | London |
| EU Parliament | London |
| UK Parliament | |
| London Assembly | |
East London Tech City (also known as Tech City and Silicon Roundabout) is a technology district located in East London. It broadly occupies the area between Old Street and Shoreditch areas.
A cluster of web businesses initially developed around the Old Street Roundabout in 2008. The area had historically been relatively run down compared to the City. The 2008-09 recession further suppressed rents through the closure of numerous firms, making it affordable to technology start-ups, while redundancies from financial services companies, such as investment banks, released a pool of experienced talent interested in entrepreneurship.
From 2010, as the cluster developed, both local and national government supported its growth, with the goal of creating a cluster comparable to Silicon Valley in the United States.Cisco, Facebook, Google, Intel and McKinsey & Company are among the companies that have invested in the area.City, University of London, London Metropolitan University, Imperial College London, Queen Mary University of London and University College London are all academic partners in projects based in the cluster.
Technology companies located in the area in 2008 included Dopplr, Last.fm, Consolidated Independent, Trampoline Systems, AMEE, Skimbit (now Skimlinks), Songkick, Poke London, Kizoom, Redmonk, MOO, LShift, Ket Lai, Solstice and Schulze & Webb. Other early companies to locate there were Tinker.it, flubit, TweetDeck, Berg, Fotango, weartical.com, Rummble, Squiz, Techlightenment, BrightLemon, Believe.in, Livemusic and WAYN.
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