tech: scaling up

Cambridge is one of the most dynamic and innovative places in Europe today. The Cambridge Cluster - also known as Silicon Fen – is home to more than 5,000 companies, employing 68,000 people. Capitalising on this economic strength is undoubtedly a key part of how the country will keep pace with a rapidly changing global economy.

Cambridge is one of the most dynamic and innovative places in Europe today. The Cambridge Cluster - also known as Silicon Fen – is home to more than 5,000 companies, employing 68,000 people. Capitalising on this economic strength is undoubtedly a key part of how the country will keep pace with a rapidly changing global economy.

For an innovation ecosystem to thrive you need a virtuous circle between start-ups, scale-ups, and established businesses - Cambridge is one of the few places in the world that has achieved this

Miles Kirby, CEO
DeepTech.labs

For an innovation ecosystem to thrive you need a virtuous circle between start-ups, scale-ups, and established businesses - Cambridge is one of the few places in the world that has achieved this

Miles Kirby, CEO
DeepTech.labs

According to the annual Tech Nation report, Cambridge attracted £217m in VC investment in 2020, joining Oxford, Bristol and Edinburgh at the top for tech investment outside London.

Today, the region has become a key target for US tech giants seeking to buy top British talent, much of which has come to the region thanks to the University of Cambridge. University spinouts, which drag exciting new technology out of the university campus and into start-ups, have proven a vital route for investment. But the flow of students into the area has also been a major reason for Cambridge’s success.

Once the start-ups grow large enough, they become the perfect vehicles for Silicon Valley giants to buy to form a ready-made Cambridge outpost formed of local employees who don’t have to uproot their lives to the US.

Driving innovation with medical and health technology is a key strength of Cambridge alongside deep technology involving semiconductor ships and developing breakthrough hardware.

18.1%

Large tech firms in the IT and Telecoms cluster (250+ employees) grew their employment by 18.1% in the last year, and turnover by 14.5%

Highlight

  • The impact for scale-ups in Cambridge is enormous. According to Cambridge Insights the Technology sector is key to the Cambridge Phenomenon with over 3000 companies employing 22,000 with a turnover in excess of £5 billion a year (2019-2020).

Cambridge ideas change the world is an oft used phrase, but it is especially true in deep tech. The worldwide impact of the self-sustaining Cambridge cluster has been transformational, amazing for a town of around 150,000 people. Starting in the 1970s the cluster has gone from strength to strength – with iconic businesses in chip design, devices, software, AI, wireless technology and more

Robert Driver, Head of UK5G

View Tech champions

Notable recent highlights


Green Tech / Jet Zero

For the last 50 years the Whittle Laboratory, in the University of Cambridge, has been the world’s leading jet propulsion laboratory. This centre of excellence extends across the Cambridge ecosystem, as demonstrated by Faradair’s July 2020 announcement that it will move its headquarters to Cambridge to develop the world’s most environmentally friendly aeroplane. The Faradair Bioelectric Hybrid Aircraft is scheduled for its first maiden flight in 2023-24, and will enable quiet, green, regional air transport for all.


University’s expertise advises on West Cambridge Site trial of self-driving shuttle

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Tech

Whether it's Artificial Intelligence, use of drones, data, robotics or any other pioneering approach, we pride ourselves on being at the forefront

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Cambridge& is here to help

A warm welcome to Cambridge&. We look forward to working with you in accessing the Greater Cambridge ecosystem, to support your plans for locating, partnering and/or scaling here. Cambridge is a safe place to do risky things – for the good of the world.

If you would like to discuss anything please send me a message through the form or give me a call on +44 (0) 7585 290733

Best wishes
Duncan

Duncan McCunn
CEO
Cambridge&