London’s Tech City Picks First 25 Firms For Help To Grow

London cabs will promote Philadelphia

Markets open in 24 mins. Stock Watch London’s Tech City picks first 25 firms for help to grow Reuters 14 hours ago Print LONDON (Reuters) – Tech City, a government-backed body promoting London’s technology hub, on Thursday picked a first 25 British-based online businesses, in sectors such as property, fashion and leisure, to receive help to grow into major companies. It chose firms including travel search engine Skyscanner, property business Zoopla and games company Mind Candy – with its Moshi Monsters brand – to get public and private support with the aim of becoming international companies that could eventually be listed or bought out by Internet giants. The programme involves the Tech City Investment Organisation, which was set up to attract investment to the “Silicon Roundabout” area on the edge of London’s City financial district. Its “Future Fifty” scheme was launched in April, by finance minister George Osborne and Tech City’s chief executive Joanna Shields, to mentor companies and provide business development assistance such as legal advice and accountancy. A second batch of 25 companies will be announced in December, Shields said. “The fact that we’ve got such a great cohort of companies moving through this programme … is testament to the fact that if you are going to start a business, this is a great place to do it,” said Shields, a former head of social media group Facebook’s operations in Europe. The year-long programme will provide press and promotional backing, educational content and specially designed events. London’s technology hub is attracting foreign companies, with Chinese mobile gaming company Rekoo the latest to announce it would open an office in the area. (Reporting by Li-mei Hoang and Paul Sandle; Editing by Anthony Barker) @yahoofinance on Twitter, become a fan on Facebook Related Content Chart Your most recently viewed tickers will automatically show up here if you type a ticker in the “Enter symbol/company” at the bottom of this module. You need to enable your browser cookies to view your most recent quotes.

The campaign was launched this week by Mayor Michael Nutter and the Philadelphia Convention & Visitors Bureau. Email | Twitter | Google+ | LinkedIn London cabs are bearing advertising promoting Philadelphia. The campaign launched this week by the city, the airport and the Philadelphia Convention & Visitors Bureau is promoting Philadelphia as a destination for trade, conventions and leisure travel. Next month Mayor Michael Nutter will take a trade mission to London and Tel Aviv, Israel. In London, hell attend the World Travel Market trade show, where some 47,000 travel professionals are expected. Philadelphia will have a group at the London show, including Jack Ferguson , president and CEO of the Philadelphia Convention & Visitors Bureau. The delegation will host an event for airline executives, urging them to add international flights to Philadelphia International Airport a move that could net business and leisure travelers. Through these relationships, we will attract new international travelers, students, investment and trade opportunities for Philadelphia businesses, and create new jobs for Philadelphians, Nutter said. Nutter and Ferguson will attend the World Travel Markets ministerial dinner on Nov. 5. It will include tourism ministers from around the world. The magnitude of this mission is powerful with so many partners from various business sectors coming together to promote our great city as a hub for trade, travel, education and innovation, while positioning Philadelphia a world-class destination, Ferguson said. As part of the promotional effort, 11 London taxis have been wrapped with Philadelpia messaging and images, which will also appear on interior headrests and taxi receipts. Other partners on the trade mission include the Barnes Foundation, Philadelphia Museum of Art and the Valley Forge Convention & Visitors Bureau.