Commenting on the recod level of investment in London's tech sector, Aleksi Aaltonen, of Warwick Business School, Assistant Professor of Information Systems and researches digital start-ups, said: "It is not a surprise that London remains the place to be for European tech entrepreneurs despite Brexit. The key factors: talent, funding and the overall entrepreneurial ecosystem are strong in London.
“However, Brexit creates uncertainty, which is not a good thing and, depending on the eventual deal, can start chipping away the talent pool in London. The changes will not happen overnight, but once the tide changes it is difficult to reverse.
“This would then lead to the relocation of venture capitalists, who directly invest in start-ups, which would hurt London, amplifying the effect of the potentially diminishing talent pool.
"Start-up companies employ mainly young, highly educated and, actually, often immigrants, many of which were undoubtedly supporters of Remain.
"I don’t expect a major impact in the short-term. The UK has very strong domestic entrepreneurial ecosystems and lots of talent that won’t disappear overnight whatever happens.
"Over time, however, new barriers to movement of people and their ideas cannot be a good thing for entrepreneurship, the Brexit deal needs to keep this open as much as possible."
Dr Aaltonen co-founded fitness traking app Moves which he sold to Facebook.
