Cisco’s U.K. Innovation Center, IDEALondon, had a lot to celebrate earlier this month, with holiday festivities, a celebration of its fourth birthday, and the launch of a new report on the United Kingdom’s “scale-up” ecosystem.
Scale-ups are companies that have grown beyond the initial startup stage, with more than $1 million in investment. IDEALondon has been active in helping these companies make the connections they need to grow, with more than 400 customer engagements in the last four years. Something about the formula is working because, according to the new report, the U.K. is outstripping the rest of Europe when it comes to producing scale-up companies.
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