Rees continued: “The US leads in innovation and entrepreneurship with more startup accelerators and venture investment firms than anywhere else in the world. Early employees from recently IPO’d companies in the USA fuel the angel investment market as they give back to people forging their own path.”
“The US has had Waymo self-driving cars for years, they’re catching rockets, innovating with stem cell therapies and announcing robots. What are the two most impressive and innovative things to come out of the UK in recent years? A porn site and an AI that was so incredible an American company purchased it in a heartbeat.”
He concluded: “Companies that choose to stay and list on LSE like Deliveroo and THG regret it as their share price tanks while the underlying business remains sound. Put simply the UK is bad for business. I appreciate this might be niche advice, but I highly recommend leaving the UK before you launch your startup. Get out while you can!”
What do you think, dear readers? When it comes to business and innovation are you team UK or USA? Let us know your thoughts in the comments section below.
2024 RTIH INNOVATION AWARDS
Startups are a key focus area for the sixth edition of the RTIH Innovation Awards, which is now open for entries.
The awards, sponsored by Scala, CADS, 3D Cloud, Brightpearl by Sage’s Lightning 50, and Retail Technology Show 2025, celebrate global tech innovation in a fast moving omnichannel world.
Key 2024 dates
Friday, 25th October: Award entry deadline
Tuesday, 29th October: 2024 shortlist revealed
30th October-6th November: Judging days
Thursday, 21st November: Winners announced at the 2024 RTIH Innovation Awards ceremony, to be held at RIBA’s 66 Portland Place HQ in Central London.
