Tech Nation’s 2020 report has found venture capital investment in technology is on the rise.
Edinburgh’s VC investment in tech was up 67%.
The digital technology sector adds nearly £150bn to the UK economy.
Gross value of VC investment in tech since 107 has grown nearly six times faster than in the rest of the UK.
What does this mean?
Digital technology is one of the country’s fastest growing industries at the moment. With FinTech a key area, Digital Secretary Oliver Dowden has promised the government will help create “the conditions digital businesses in Scotland need to succeed” by investing in things like 5G, cybersecurity, skills and research.