“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.”
The bittersweet words of Charles Dickens have perhaps never rung truer across the UK tech scene than today, as after a decade of helping to transform the ecosystem, London-based Tech Nation has announced that it will cease operations as of March 31st, and is seeking interested parties to acquire its portfolio of assets to take forward in a new guise.
The move comes not more than 11 days since reports were confirmed that the UK government's digital growth services tender was awarded to Barclays Eagle Lab.
In a statement issued by Tech Nation, founding CEO Gerard Grech commented, “I want to express my sincere thanks and gratitude to the Tech Nation team, to our ecosystem partners, and all the inspirational innovators and entrepreneurs we have worked with along the way. I am grateful to the government’s support over nine years, and feel proud of all we achieved. It has been an incredible journey. Together we have made the UK tech economy a global powerhouse for tech talent and now third in the world for tech investment, after the US and China.”