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East London Tech City

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East London Tech City (also known as Tech City and Silicon Roundabout) is a technology cluster of high-tech companies located in East London, United Kingdom. Its main area lies broadly between St Luke's and Hackney Road, with an accelerator space for spinout companies at the Queen Elizabeth Olympic Park.

A cluster of web businesses initially developed around the Old Street Roundabout in 2008. The area had historically been relatively poor compared to the City of London, and was known as the City Fringe. The 2008 financial crisis further suppressed rents through the closure of numerous firms, making it affordable to technology startups, while redundancies from financial services companies, such as investment banks, released a local pool of experienced talent interested in entrepreneurship.

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