Sillicon Roundabout Tech City derails due to low tech broadband

The famous Silicon roundabout Tech City   ( Old Street) venture start-ups  being build by talent, by funding and great ideas are greatly improvised due to slow internet connections and rising rents and property prices. Forty eight per cent of the  new ventures are seriously looking elsewhere to relocated due the poor internet in the area.

Shoreditch Grind is a coffee house and licensed bar in the heart of Tech City, right next to Old Street roundabout where they serve excellent coffee and free wifi, Business incubator and co-working space Launch22, a registered charity do a mentoring service  and seeks to help people from less affluent backgrounds to get a foothold in new ventures, Wordia an online visual dictionary which has the published aim of ‘redefining the dictionary, Tecnologika who supplies, implement and maintain IT infrastructure solutions to Financial Services and Banking, Oil and Gas exploration, Data Centres, Digital Media, MOO  ( MUD, object-oriented)  a text-based online virtual reality system to which multiple users (players) are connected at the same time, Inmarsat who provides global voice, broadband or M2M voice and data services,  the futuristic 18-storey new-build’s 269 rooms, the five-star Hotel M by Montcalm Shoreditch London Tech City,  all part of the Silicon roundabout tech hub.

David Cameron  said in 2010 ” Conservative Party’s ambition is to bring together the creativity. capabilities and energies of Shoreditch and the incredible possibilities of the Olympic Park to help make East London one of the World;s great technology centres”. As a result digital and technical jobs in the area surrounding Old Street rose to 19,000.

Digital Shoreditch Festival is a two week mass-community celebration, inviting the entire world of tech, creative and all their converging industries, from around the world to East London between 11th – 24th May details http://digitalshoreditch.com