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Why Digital Business Ecosystems Really Matter

Striking a balance between the local supply and demand of human talent within tech clusters around the world will likely be an ongoing challenge. If you’ve been following my stories, then you may recall that back in December of 2012 I shared some observations and predictions about the evolving digital business marketplace in London, England.

The East London Tech City initiative – including the area known as the Silicon Roundabout – was again the focus of a market research report. According to the findings from a recent market study by UHY Hacker Young, a total of 15,720 new businesses were set up in this London neighborhood (postcode EC1V) during the last year. Much of the growth is attributed to the rapidly evolving digital and technology hub.

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National Virtual Incubator Seeks Your Talent

Akshay Thakur

By Akshay Thakur, Cisco UKI

The National Virtual Incubator (NVI) is one of the four pillars of Cisco’s British Innovation Gateway (BIG) programme. As you may have noticed, the hard work on BIG has begun and our three key partnerships are already producing results. These programmes are a continuation of our London 2012 Olympics legacy.

The NVI aims to create a community and a platform for collaboration between clusters of innovation throughout the UK. Such clusters of innovation are in various stages of their lifecycle and most are renown as a centre of excellence of a given sector, industry, or vertical.

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Talent Development in an Urban Digital Ecosystem

I recall that it was a typical cold and dreary winter day in London — it was probably raining — when I decided that I was ready for a change of scene. The year was 1978, and the local British media was lamenting the apparent “brain drain” phenomenon that was then sweeping the nation.

Yes, I had decided to leave and go live in America, but I’ve always looked back with fondness at the place that I called home. Granted, I had become one of those British expat engineers that discovered there were alternative places to thrive — where my ideas and ongoing research could be fully explored.

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Exploring the Greenwich Digital Peninsula

How do you go about building the foundation for an emerging new digital business district in an established urban area, and thereby create an influx of over 100 growing technology or creative media companies? That’s a question that I pondered as I visited the Greenwich Digital Peninsula in London, earlier this year.

You may recall that I’ve previously described the significance of Digital Business Ecosystems; how they have proven to be instrumental in enabling tech business clusters to reach their full potential. But perhaps you’re wondering, in practice, what does that process really entail?

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Creating a Digital Business Ecosystem

Most informed people tend to agree, broadband services can be applied as an enabler of socioeconomic advancement. However, while high-speed internet access is an important ingredient for gaining entry into the global networked economy, its application is most effective when used as part of a concerted effort to empower the members of a local community.

Howard’s recent story about the role of broadband in rural development attracted some interesting commentary — both on the blog post and within the LinkedIn groups where I shared a summary. Most of the comments were about infrastructure investment, but some of the other insights reminded me of the observations that I made during my recent trip to London, England.

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