During his maiden visit to Seoul last Friday (5th October), the Secretary of State for the Department of International Trade (DIT), the Rt. Hon. Dr. Liam Fox emphasised how Korea should consider Britain as its next innovation investment destination over Silicon Valley.
Britain’s ‘Golden Triangle’ which spans across Oxford, Cambridge and London, is currently undervalued despite the Golden Triangle cities being spotlighted as the key areas spurring the growth and innovation of Britain’s Industry 4.0. The UK is home to the best universities in the world, it leads the way in research output and was ranked the third most innovative centre of innovation by KPMG’s 2018 report. The ‘Cambridge Cluster’, for example, has attracted more than £153 million in digital tech investments and has provided over 30,000 digital tech jobs, yet valuations remain much lower than Silicon Valley.