Entrepreneurial Opportunities for the UK

In preparation for lunch today with one of the UK's leading technology journalists, with whom I have previously discussed opportunities for entrepreneurial UK technology businesses, I spent the early hours of this morning putting together a presentation that expands on my earlier entry Why The UK Has a Poor Record of Technology Innovation.  I suggest that the entrepreneurial success of countries depends upon three main factors:

• infrastructure (funding, technology clusters, regulatory environment)
• entrepreneurial culture (accepting failure, avoiding "me too" ideas, avoiding early exit)
• market size.

The UK is positioned reasonably well on infrastructure (but not as well as the US) and in a moderate position on market size (with larger opportunities in the EU and global markets), but lags on entrepreneurial culture compared to countries such as Israel, the US and even China.  There is reason to believe that we can do better on this last important dimension, including due to current grassroots efforts, supported by pressure from our severe recession (which is an expected driver of innovation under Kondratiev's wave theory) and encouragement from the success of global icons like Facebook and local champions like Last.fm and TweetDeck.