Reading

Digital tech hotspot over 8 times average UK tech concentration

£13.6 bnDigital tech business turnover
(2017)
BalancedDominant distribution of businesses by age (2017)
£234 kDigital tech turnover by employee (2017)
283Digital tech business births (2016)
£7 bnGVA
(2017)
58,109Jobs in digital tech
(2017)
42,398Digital tech jobs
(2017)

Developments

Reading’s proximity to London and Heathrow airport has long attracted major multinationals, including Microsoft and Oracle. However, its startup community is now growing too, and tapping into the established expertise and resources available in the city.

  • Drones have the power to revolutionise business and transform lives. Altitude Angel, is leading that charge, with the long-term goal to enable millions of autonomous drones to fly – safely – without any human pilots. They have recently raised $4.5 million in Series A funding in order to expand into new territories.  It says its Reading location is key to its success, allowing them to test their drone technology in the fields around the city centre.
  • DataSift, founded in 2010, is a privacy-by-design data and analytics platform and one of the shining lights of Reading’s tech scene. It was acquired by San Francisco based Meltwater in March 2018 and the acquisition is expected to cement the company’s status as a leading provider of AI-powered competitive intelligence.

Rhian Burrell

Company Director, Osokey

About Osokey
Osokey provide rapid data access and real-time global collaboration solutions for the oil and gas industry. We use the latest cloud based technologies combined with our extensive industry expertise to deliver customer focused solutions.

Why Reading
The main benefits of being based in Reading are the excellent transport links connecting us with a global client base, a dynamic technology scene and the combination of an inspiring rural setting coupled with access to modern workspaces (without the London premium).

National & International focus
Osokey has a global client base, working and collaborating with stakeholders all over the world. Our software is designed to digitally connect people with each other and their data. Therefore, we take full advantage of current virtual technologies to work with our international stakeholders.

Founded: 2016

Mike Dunn

CEO, Donate The Change

About Donate The Change
As a modern day Robin Hood, Donate The Change is on a mission to improve society, globally. Our service provides real financial benefits for users, generated from brand and corporate partnerships, which they can then share with a charity of their choice, save for a rainy day or invest for their future by using our payment wearable products or cards.

Why Reading?
Reading offers world-class talent, very reasonably priced office space and is perfectly positioned for business travel with M4, rail hub and proximity to Heathrow. For our visitors, there are plenty of hotels, a multitude of good quality restaurants for entertaining and lots of attractions for team building activities within a few miles of the centre. Earmarked as the UK’s Silicon Valley, it is the perfect place for our fin-tech business to develop.

National & International focus
Donate The Change works with a range of brands, corporates and NFP organisations located throughout the UK and launched a US service with a partner at the Grammys. We will enter Australia with a partner bank in Q3 2018. Our service is built on strong partnerships with global brands, providing a cost effective way to support charities and allows us to create a customer experience that goes beyond expectations.

Founded: 2016

Raised: £400 k

Popular meetups in Reading

We have clustered Reading meetups according to their topics. Meetups with similar topics are attracted, whilst meetups with different subjects are repelled. A full screen version can be found here. Click on a node, or search for a topic in the full screen version. 

We have clustered Reading meetups according to their topics. Meetups with similar topics are attracted, whilst meetups with different subjects are repelled. Please view this page on desktop to use this visualisation interactively.

There are no clear meetup clusters in Reading

Source: Tech Nation, 2018; Meetup.com, 2018. Thanks to the Oxford Internet Institute and JSIC

The size of each node is determined by the number of connections it has with others. A large node signifies a highly connected meetup with many topics shared with other groups.

Community perceptions survey findings

The Tech Nation 2018 Survey was conducted between January 2018 and February 2018, in partnership with Streetbees. This year’s survey received the largest response yet from members of the UK tech community. In a total of 3,428 submissions, people told us about the opportunities and challenges their local ecosystems face, and the digital tech leaders they admire. The majority of respondents (33%) were founders and CEOs.

What Reading startups say is a strength

1Good transport links
2Helpful tech community
3Proximity of a university

What Reading startups say is a challenge

1Availability of workspace
2Access to funding
3Access to talent

Who Reading startups say is influential

Louize Clarke

Director, ConnectTVT

About ConnectTVT
ConnectTVT was launched to join the tech and digital dots in the Thames Valley, bringing together innovative start-ups and scale-ups through our rich programmes. Now it’s about creatively widening our talent pipeline; Digital Gum has been designed to deliver this digital diversity.

Unique to Reading?
Reading is fairly unique, with its heritage of surrounding mature tech-based businesses and transport links; global giants have been critical to the region’s economy. We’ve got pockets of excellence scattered right across the region but to be a real tech leader, we need to come together collectively and become a tech destination.

Strengths & Challenges
Our tech cluster reputation has also made us a victim of our own success – there’s  been little investment in our next generation of business. Reading could be transformed by a centrally located hub, where people can connect, collaborate and grow together.  We need to create that obvious centre to attract investment, talent and innovation.

Tech Nation 2018 is now open!

Great news. All data featured in the 2018 Tech Nation Report is available online for non-commercial use by third parties.  The data can be accessed through the data.world platform. If you use the data, please let us know. We would love to showcase your work.

If you'd like know why we are doing this, check out our blog.

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