8 Things an Israeli Startup Must Know About the UK Market I’ve been in the United Kingdom for eight years now, working in the local business ecosystem. After hundreds of conferences, thousands of exchanges, customers, suppliers, investors, collaborations, and acceleration programs, numerous wins in national and international competitions, several investment rounds, and one technology startup – I summarized eight crucial points an Israeli startup should know about the British market in this article.
Here’s one for every year. Each of the topics could be its own post but in this list is a macro-level review of the important aspects that will provide Israeli entrepreneurs and start-ups with an insight before attempting to join the UK market.
- Blue Ocean
In general, I’d describe the Immigration service UK market as a blue ocean. It is one of the world’s most powerful nations and the birthplace of the Industrial Revolution. However, in the field of technology innovation and entrepreneurship the market is very much open to new ideas and start-ups. The local market is full of talent which is driving the new technological projects and rates of technology developments. The start-up industry is still growing rather than being established and saturated like the Israeli entrepreneurial sector and even that of New York or Silicon Valley.