The future for the tech industry is bright if investors look beyond current economic storm clouds, said panelists at JP Morgan’s inaugural Tech Stars Leadership Forum in London, which brought together issuer companies and investors to hear from top industry players, government officials, academics, and JP Morgan leaders about the factors shaping the industry.
“The global trend of digitization and technology adoption is irreversible,” Achintya Mangla, Global Head of Equity Capital Markets, JP Morgan told investors. “Companies which adapt will eventually emerge with sustainable and profitable growth models.”“The tech sector in Europe is set to benefit from a nascent but fast-growing network of high-caliber entrepreneurs and increasing investment from venture capitalists,” said Mangla, highlighting fintech, deep tech such as AI and quantum computing and impact tech like clean energy technology as areas where the region is outperforming.
It comes as the UK government targets investment in renewable energy, zero-emission vehicle technologies and sustainable consumption as part of plans to kickstart growth and curb greenhouse emissions.
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