The UK has been ranked the fourth most promising market for technology breakthroughs that have a global impact, according to a new report from KPMG.
The UK trails slightly behind the US, China and India, according to KPMG鈥檚 2017 global technology innovation report.
Despite the uncertainty presented by Brexit, the UK jumped significantly from seventh last year in the global rankings.
According to the report, the UK is seen by the global business executive respondents as progressing with innovative tech hubs, showing progress in the development of products and services that can break through in developed and emerging markets.
Graham Pearce, head of technology in the North at KPMG UK said: 鈥淭he research shows the UK鈥檚 technology sector drew more investment than that of any other European country, and the North West has played an important part in this.
鈥淭he region鈥檚 growing biotech, advanced manufacturing and low-carbon energy technology sectors are great indicators that it will continue to be a lynch-pin of the UK technology market.”
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鈥淭he North West鈥檚 infrastructure is more geared towards international investment than ever before,” added Pearce.
鈥淭he launch of the first direct flight between Manchester and San Francisco is a high-profile example. It exemplifies growing international interest in the region.
鈥淟ast year we saw a number of overseas businesses and investors snapping up tech assets, such as LANDesk鈥檚 acquisition of AppSense and JMI Equity鈥檚 investment into Acevto.
鈥淢eanwhile what is also important is the private and public sector linking together to promote the sector.
鈥淭he Manchester Tech Trust, for example, is an invaluable commercial advisor and connector for the city鈥檚 tech entrepreneurs and KPMG is proud to be a partner.
鈥淭he Government鈥檚 拢2 billion R&D fund for emerging tech, such as artificial intelligence and robotics, is also hugely encouraging and will make a real difference to the North West and the UK being seen as a tech destination of choice for scientists, entrepreneurs, investors and tech companies.鈥�
The survey also asked to name the top global technology innovation visionaries.
Tesla and SpaceX CEO, Elon Musk, topped the list, with Apple CEO, Tim Cook, in second, followed by Alibaba Chairman, Jack Ma, Alphabet CEO, Larry Page and Google CEO, Sundar Pichai who tied for third. Microsoft CEO, Satya Nadella, stood alone in the sixth, with Bill Gates and Facebook CEO Mark Zuckerberg tied in seventh, followed by Amazon CEO Jeff Bezos in ninth.