Land of Hope and Technology February 2016 - Page 9

ISSUE 1 London, the world’s capital city? Hubs sit at the centre of global commerce. It helps the process of innovation, and wealth creation, if like-minded people live and work near each other. It has much to do with the probability of serendipity. If you are entrepreneurially minded, but live in a small village in the country, and work from home you are less likely to bump into a potential backer for your business, or a kindred entrepreneurial spirt who could become a business partner, than if you live in or near Silicon Valley or London’s Shoreditch. That’s why clusters are important, why entrepreneurs often congregate near each other. Furthermore, London’s stock across the world has risen. [