
UK Tech Industry Poised for Influx of Millions from Asia Pacific Investors Following Landmark Post-Brexit Trade Deal
CIO Review APAC | Wednesday, June 14, 2023

London experienced a £100 billion investment surge after the UK signed its largest post-Brexit trade deal with the CPTPP, solidifying its position as a global tech superpower and investment destination. London's thriving tech ecosystem and favourable business environment attract significant investments, solidifying its status as a hub for technology and financial opportunities.
FREMONT, CA: Following the UK's decision to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a trade bloc encompassing the Indo-Pacific region with a collective GDP of £9 trillion, pioneering British tech companies are poised to present their proposals for multi-million dollar partnerships with investors from the Asia Pacific (APAC) region today.
In a historic development, an unprecedented APAC delegation, representing funds exceeding £100 billion, has arrived to participate in London Tech Week. This remarkable gathering will provide an opportunity for UK tech companies to engage with these investors and explore potential funding avenues for cutting-edge initiatives across diverse fields such as banking, clean technology, health sciences, and artificial intelligence.
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London Tech Week has become the platform for fostering collaborative discussions, igniting innovative ideas, and facilitating investments in the ever-evolving technological landscape. With the support of the APAC delegation, British tech enterprises are well-positioned to leverage this dynamic exchange, forging fruitful partnerships and driving forward groundbreaking ventures that will shape the future of multiple industries.
As the UK's largest technology event kicks off on Monday, June 12, significant business agreements between APAC investors and IT companies have already been established. The Minister for Investment, Lord Johnson, will further inaugurate additional investment negotiations later today at the iconic London Eye.
Among the notable collaborations is a strategic alliance between Deeptech Labs, a venture capital firm based in Cambridge, and Sunway Group, a prominent conglomerate in Southeast Asia. This partnership aims to accelerate the progress of net zero technologies while simultaneously creating fresh prospects for UK startups in the APAC region. The collaboration holds immense potential to drive innovation, foster sustainable practices, and provide a launchpad for UK startups to flourish in a thriving market.
Before the culmination of additional lucrative agreements on the renowned London Eye, the new alliance will be formally signed on the picturesque banks of the River Thames. In an exciting showcase, twenty-five IT companies will be granted a valuable 30-minute window to pitch their cutting-edge technologies to investors while their pods gracefully orbit the London Eye before descending back to the ground. This exclusive opportunity promises a dynamic and time-efficient platform for these companies to captivate potential investors, fostering meaningful connections and opening doors to potential collaborations and investment opportunities.
London Tech Week provides an incredible platform to showcase the United Kingdom's unrivalled potential for investment, solidifying its status as a global powerhouse in the realms of science and technology. Shortly after successfully finalising the largest post-Brexit trade agreement with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the nation is witnessing an overwhelming surge of interest from investors, resulting in multimillion-pound investments pouring into the thriving British tech industry. With the UK spearheading innovation in science and technology, forging stronger bonds with partners in the Asia Pacific region is unlocking immense opportunities for substantial inward investments.
As a testament to their unwavering confidence in the UK's suitability for business operations, several IT companies from the Asia Pacific region have made noteworthy decisions to relocate their headquarters to the country. Among these notable companies are Datagusto and Qufooit from Japan, along with Enrolmy, a prominent booking site from New Zealand. London Tech Week serves as a platform for potential future announcements of similar relocations and expansions.
Furthermore, the government is committed to fostering growth in IT exports to the Asia Pacific region and promoting increased investment. To achieve this, they have vowed to introduce additional incentives, ensuring that the UK remains an attractive destination for businesses seeking to expand their presence in this thriving market.
Oxfordshire-based Intralink has secured a new contract from the UK's Digital Trade Network (DTN) to oversee the management of the UK-APAC Digital Growth Programme. This pioneering initiative aims to provide comprehensive support to UK digital companies and entrepreneurs venturing into the APAC region. By offering invaluable assistance in navigating the APAC market, the programme ensures that UK exporters have access to digital tech expertise, aid in market access, and support for digital trading systems.
In addition to this significant development, the DTN is expanding its presence to Taiwan and Vietnam. This expansion is geared towards ensuring that UK exporters have seamless access to the digital tech knowledge and resources required to excel in these markets. By strengthening the DTN's reach, the UK government reinforces its commitment to bolstering the success of UK businesses in the APAC region while fostering mutually beneficial collaborations and opportunities for growth.
The presence of this unprecedented delegation from the Asia Pacific region serves as a testament to the deepening connections they have forged with nations within the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). London Tech Week is currently witnessing the arrival of startup delegations brought over by the Japanese government, as well as the historic first-ever delegation from Vietnam. These remarkable developments underscore the UK's position as the leading tech powerhouse within the CPTPP.
Anticipating the flourishing of the UK's trillion-dollar tech sector in the region, I am eager to witness the tremendous growth facilitated by the expanded Digital Trade Network. The introduction of the new UK-APAC Tech Growth Programme aims to bolster UK digital tech exports to APAC markets by attracting private sector investments in UK tech companies and fostering stronger trading relationships between the UK and APAC nations.
Among the 600-member APAC delegation, an Australian tech mission is also included, seeking to maximise the benefits arising from the recently enacted UK-Australia free trade agreement, which came into effect just last month. This multifaceted collaboration highlights the commitment of both nations to harness the potential of the UK-Australia trade agreement while exploring opportunities for mutual gains within the tech sector.
The interconnection between UK tech companies and APAC investors plays a pivotal role in unlocking avenues for growth and facilitating business expansion into untapped markets in both regions. As London Tech Week approaches, they eagerly anticipate the opportunity to showcase exceptional tech talent from the UK to investors hailing from the Asia-Pacific region. The overwhelming interest displayed by international companies and investors in this year's London Tech Week serves as a testament to the worldwide allure of the UK's flourishing tech sector.
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