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Bloomberg Television

Is Cambridge University the UKโ€™s answer to Silicon Valley? #tech #shorts ๐Ÿ’–

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the iconic University City of Cambridge calls to mind towering spires pristine Courtyards and cobblestone streets not exactly the image of a techup but that’s exactly what it’s become the city is home to the Cambridge cluster a group of startup unicorns including chip designer arm it’s also where Astro zenica is headquartered British politicians hope that Cambridge will be the UK’s answer to Silicone Valley but some say be careful what you wish for a brilliant population alongside with lagging infrastructure has made Cambridge one of the most unequal cities in the UK Rising house prices have way outpaced average pay with homelessness almost doubling over 4 years what’s being done the government recently wrote to local leaders pledging its commitment to ensuring the sustainable growth of the city and Private Industry members have also pledged initiatives to invest into the local community Silicon Valley might serve better as a precautionary tale rather than a simple aspiration

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