Skip to content
Search

Latest Stories

'Asian talent at forefront of Cambridge tech-hub growth’

Britain keen to turn city into Europe’s version of Silicon Valley

'Asian talent at forefront of Cambridge tech-hub growth’

CAMBRIDGE does not need to become Britain’s Silicon Valley to be successful – as more talent from south Asia are being attracted to the city, according to experts.

They highlighted Indian-origin entrepreneurs – such as Dr Sai Shivareddy, founder of battery firm Nyobolt – who are at the forefront of the city’s technology industry.


The UK government is keen to turn Cambridge into Europe’s version of tech hub Silicon Valley, with up to 250,000 new homes built over the next two decades and the prospect of billions of pounds of investment in the science and tech sectors.

Housing secretary Michael Gove pledged in November to prioritise water supply issues so that homes can be built in and around the city in Cambridgeshire by 2040.

Jaideep Prabhu, professor of marketing and director of the Centre for India & Global Business at Cambridge Judge Business School, said the city has been very successful in how much venture capital and investment it attracts, along with the high returns it produces.

He told Eastern Eye: “It’s up there with Silicon Valley and Massachusetts.

“Silicon Valley has space and scale for manufacturing; they create very large companies with a large number of people and build computers. Cambridge has a smaller footprint, they don’t make things, they make intellectual property.

“Intellectual property has huge merit, its more agile than manufacturing.”

Prabhu added: “Nyobolt is a game changer in the battery space. In the previous wave, pharmaceutical firms from India had a [presence].

“Now Indian students are studying here, who then set up startups.

“Britain used to be the number one destination for south Asians, which was displaced by the US offering scholarships.

“That has changed again. The university has been very supportive of setting up businesses for a new generation in science and tech. Cambridge is a global phenomenon, don’t mess it up – it has a world beating university and it is like a village, you could meet 10 people who could each introduce you to another 10 people to help you with your plan.”

LEAD Cambridge INSET Dr Sai Shivareddy Nyobolt founder Dr SaiShivareddy


Silicon Valley in California is home to many start-up and global technology giants – including Apple; Meta, led by Mark Zuckerberg and Google, whose CEO is Sundar Pichai.

Cambridge has already been labelled “Silicon Fen” after many businesses decided to move to the city in the late 1990s. They include Indian pharmaceutical firm Dr Reddy’s Laboratories, set up base at Cambridge Science Park in 2011.

In 2021, Cambridge-based science firm Eagle Genomics announced the opening of its operation in Hyderabad, south India.

In November, King’s College at Cambridge University announced Pallavi Goel as among this year’s Entrepreneur-in-Residence MPhil students. Goel, who was born in India, is studying industrial systems, manufacture and management.

Jaffer A Kapasi, who runs an accountancy and business advisory company in Leicestershire, told Eastern Eye: “The reasons why Asian-origin entrepreneurs are ahead is that the Indian government launched the Startup India initiative to support entrepreneurs and build a robust startup environment.

“Another high-profile programme, Make in India, was designed by the government to promote self-reliance, foster innovation, enhance skill development and build a best-in-class manufacturing infrastructure.

“Finally, Digital India is a government project that aims to digitally empower the society and double the size of India’s digital economy.

“Cambridge as a Silicon Valley will shine the most. Technology is our fastest growing and most successful sector, creating wealth and employment across the country.

“Having a technology sector which reflects the society that we live in is key in attracting the new generation of entrepreneurs and talent that will continue to build our reputation and wealth in this space.”

The plan to grow interest in Cambridge from India-based companies looking to expand into the UK was discussed by the Department for International Trade’s head of investment for south India on a visit to the UK city in 2022.

Siddharth Vishwanathan, the department of trade’s head of investment for South India, discussed the rise in demand with Rosa Del Campo, head of Inward Investment at Locate Cambridge.

Dr Shivareddy, who founded Nyobolt in 2019, said: “We are one of the fastest growing battery companies in the world.

“We have been backed by venture capital and also the ecosystem around Cambridge – like the university and the tech transfer offices, as well as funding organisations – both public and private - so it’s been a great journey, so far. We need all that talent of engineering, talent that covers materials, manufacturing.”

He added: “It is a big challenge to attract more people here because of the lack of housing and the infrastructure of a very small university town. But we have done very well to this point and I believe it’s going to get better”.

More For You

UK–Africa business summit 2025

UK–Africa business summit 2025

UK–Africa business summit 2025 highlights trade, technology and resilient partnerships

Highlights:

  • Dr Sudhir Ruparelia emphasised Uganda’s growing real estate, agriculture and tourism sectors.
  • Lord Dolar Popat called for closer Commonwealth ties between Africa, the UK and India.
  • Uganda’s ministers outlined regional integration, investment climate and agricultural transformation.
  • Spiritual leader Sant Trilochan Darshan Das Ji urged ethical entrepreneurship rooted in integrity.

The 15th edition of the UK–Africa Business Summit took place on Friday, 12 September at The Royal Horseguards Hotel & One Whitehall Place, bringing together senior government leaders, entrepreneurs, investors and diaspora stakeholders to strengthen trade and investment ties between the UK and African nations.

Keep ReadingShow less
Modi & Trump

Donald Trump and Narendra Modi shake hands as they attend a joint press conference at the White House on February 13, 2025.

Reuters

India, US to discuss trade issues after tariff hike

INDIA and the United States will hold trade discussions in New Delhi on Tuesday, officials and Indian media reports said, as the two countries look to resolve a tariff dispute.

India currently faces high US tariffs on most of its exports and has not yet been able to reach a trade deal that would ease the pressure.

Keep ReadingShow less
Piyush Goyal

Piyush Goyal recalled that in February, Narendra Modi and Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025. (Photo: Getty Images)

Getty Images

Trade talks with US moving forward positively, says Indian minister Goyal

INDIA’s commerce and industry minister Piyush Goyal on Thursday said that negotiations on the proposed trade agreement between India and the United States, which began in March, are progressing in a positive atmosphere and both sides are satisfied with the discussions.

He recalled that in February, Indian prime minister Narendra Modi and US president Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025.

Keep ReadingShow less
Baiju Bhatt

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. (Photo: Getty Images)

Baiju Bhatt named among youngest billionaires in US by Forbes

INDIAN-AMERICAN entrepreneur Baiju Bhatt, co-founder of the commission-free trading platform Robinhood, has been named among the 10 youngest billionaires in the United States in the 2025 Forbes 400 list.

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. Forbes estimates his net worth at around USD 6–7 billion (£4.4–5.1 billion), primarily from his roughly 6 per cent ownership in Robinhood.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London. (Photo: Getty Images)
Getty Images

Economy shows no growth in July amid political turbulence

UK's ECONOMY showed no growth in July, according to official data released on Friday, adding to a difficult week for prime minister Keir Starmer’s government.

The Office for National Statistics (ONS) said gross domestic product was flat in July, following a 0.4 per cent rise in June.

Keep ReadingShow less