Categories: EnterpriseStart-Up

Ed Vaizey: The ‘Silicon Valley Of Europe’ Already Exists

Added Investment

Salesforce Ventures, Salesforce’s investment arm, announced today that it has already invested in ten companies inside of EMEA, following its announcement last year of the plan to invest $100 million (£69m) into European startups.

“It’s a really important part of our growth strategy,” said Gavin Mee, area vice president for enterprise at Salesforce. “What we really bring is that we bring a lot of access for those companies to our ecosystem and our partner environment. It gives them the step up at they really need to be successful by having the Salesforce brand behind them.”

Salesforce Ventures revealed three of the startups it has ploughed money into this year: AI CRM vendor DigitalGenius, customer care company NewVoiceMedia, and management platform vendor Qubit.

“Startups in the tech economy I think get quite significant support from the government through Tech City, which is a very good organisation. When we originally set it up in 2010 I was a bit skeptical of what it could do, but actually I’ve obviously I’ve become a convert,” Vaizey said.

“It provides a very porous relationship with the government, so tech companies can raise their concerns and have a proper dialogue with the government about issues where we can bring in potential reforms. Also, championing tech companies and encouraging them to scale up and grow in the UK, are all factors that Tech City plays a big role in.” he added.

Loading ...

Encryption

On the topic of the ongoing debate over the government’s Investigatory Powers bill, Vaizey said that there needs to be a conversation on how the tech community can balance security privacy and encryption.

“In terms of the Investigatory Power Act, we’ve had this debate now in terms of encryption and security for quite a while now, and I do often say that to the tech community that it’s not a binary debate. It’s not you either are pro-security or pro-encryption,” he said.

“It’s perfectly possible to have a debate where as tech people we push a particular agenda and we support encryption in the UK but as citizens we also understand the need for the security services to have the tools to keep us safe. I want to have a conversation with the tech community going forward on the best way to achieve that.”

Take our London & Technology quiz

Page: 1 2

Ben Sullivan

Ben covers web and technology giants such as Google, Amazon, and Microsoft and their impact on the cloud computing industry, whilst also writing about data centre players and their increasing importance in Europe. He also covers future technologies such as drones, aerospace, science, and the effect of technology on the environment.

Recent Posts

NHS Scotland Confirms Clinical Data Published By Ransomware Gang

NHS Dumfries and Galloway condemns ransomware gang for publishing patients clinical data after cyberattack earlier…

23 hours ago

Fewer People Using Twitter After Musk Takeover – Report

Research data suggests fewer people are using Elon Musk's X, but platform insists 250 million…

1 day ago

Julian Assange Wins Temporary Reprieve For US Extradition Appeal

US assurances required. Julian Assange handed a slender reprieve in fight against his extradition to…

1 day ago

Report: Apple To Use Baidu’s Ernie Bot In China iPhones

Apple reportedly to use Baidu's Ernie Bot AI in Chinese iPhones, Macs as company prepares…

2 days ago

Apple Hit By Private Lawsuits Imitating Justice Department Approach

Apple hit by at least three new class-action lawsuits imitating Justice Department antitrust action alleging…

2 days ago

US, UK Impose Sanctions On China Over Spying, Infrastructure Hacks

US, UK impose sanctions on China over campaign to target critical infrastructure and place officials…

2 days ago