'Flat White' Buzz in London

By Jeremy Kahn - 2013-05-15T13:42:46Z

Photograph by Will Sanders/Bloomberg Markets Magazine

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1. Silicon Roundabout

Just north of London's centuries-old financial district, a new generation of entrepreneurs are founding technology companies that offer a glimmer of optimism for an otherwise moribund U.K. economy. The heart of this emerging tech hub is the Old Street Roundabout, a gritty traffic circle. So many startups are clustered in the offices and converted warehouses to the east, west and north -- at least 1,300 at last count -- that the whole area has been dubbed, in mock seriousness, Silicon Roundabout. The British government has slated the Old Street Roundabout for a major urban rehabilitation project, including the construction of a £50 million signature building in the middle of the roundabout that will host classrooms, auditoriums, shared offices and 3-D printing labs.

For the full story, from the June 2013 issue of Bloomberg Markets, click here.