Celebrating the success two of Europe’s major technology hubs was the focus of ‘The Tale of Tech Cities’ in Berlin last week.
The British Chamber of Commerce in Germany (BCCG) held its Digital Summit on 24 May which highlighted the achievements of Berlin and London in providing the infrastructure, skilled workforce and incentives for growing businesses in the technology sector. Over 140 delegates including tech entrepreneurs and tech sector advisors also heard about the main differences between the two cities, and the benefits that were unique to each location.
A presentation on what a move from Berlin to London looks like for Corporates was followed by break out sessions split into three streams; Big data, smart cities andFintech.
Throughout the day delegates shared ideas on the strengths of the two cities in the technology market. Berlin is a vibrant location for tech start ups and is now one of the fastest growing start up markets and London is seen as the location for growth, obtaining funding and eventual exits with valuations being achieved typically higher than they would in Berlin.
Technology sector specialists reported that they felt that true progress is being hindered by the lack of a cohesive digital plan cross Germany and across Europe. As a result each country tries to create its own ‘Silicon Valley’ rather than working together to create one larger, European, centre of excellence.
The possibility of Brexit continues to be a significant concern in Germany.
Alliotts and Alliott Group member TLC from Berlin co-sponsored an evening cocktail reception in the British Embassy following the conference which gave delegates the opportunity to network.
In his welcome speech H.E. Sir Sebastian Wood, KCMG The British Ambassador to Germany spoke about the many advantages that the UK has to offer overseas investors.
I followed by highlighting some of the benefits the UK can offer growing technology businesses including R&D tax relief, a low corporation tax rate, and ease of company set up. I also spoke about the favourable tax regulation between Germany and the UK.
I explained how by being members ofAlliott Group, an international alliance of independent accountants and lawyers, meant that both Alliotts and TLC are able to provide clients with a truly international service in over 70 countries, and give vital support to businesses looking to grow in the global arena.
Seeking to align UK and German businesses and professional services on a global scale was the theme of this very successful event and I look forward to working with TLC in supporting German and UK technology companies with their expansion plans.
L-R: Tobias Wagner (TLC), Sir Sebastian Wood, KCMG The British Ambassador to Germany, Martin Noack (TLC) and Chris Cairns (Alliotts)
Photogaphy by Jurgen Sendel