At 2 PM I am walking through a narrow neglected street, just to be sure I held my laptop-bag a bit tighter to my body. In the Shoreditch borough, Bonhill street number 5. I am looking through the window, yes, this is The Campus, the domain of many startups in London. I had registered upfront via www.campuslondon.com and received a community-ID. After typing it in at the reception desk I receive my card and can go downstairs through narrow staircases and have access to the basement of the building. It is buzzing here with youngsters.
They have one thing in common: they all are sitting behind a MacBook Air and have a bottle of water. Some typing, most with headphones on, some calling (with their iPhones), others having discussions. Most guys wear beards, hoodies and jeans, a phew are dressed up a bit sharper. And the women seem to have asian blood in their veins mostly and make up for at least 40% of the people here. In the middle of the basement there’s a small café/counter for coffee or a croissant that you can pay for with Pounds or Bitcoins. In the background New Orders’ Blue Monday is playing. In a corner there’s a desk with testing devices, ranging from smartphones to several tablet sizes and laptops. Apparently apps can be tested here for cross device functionality.
The Campus was founded by ‘Google for entrepreneurs' and positions itself as ‘An Engine for Collaborative Innovation’. Working here is free when you are part of the community (by registering), WiFi is free and fast, and the café offers cheap drinks.
The Campus is one of the many coworker spaces in this neighborhood. This Eastern part of London is, besides the Silicon Roundabout (referring of course to Silicon Valley) also known as ‘Tech City’. Starting with about 15 media and high-tech companies in 2008, this area now offers the homebase to a couple of hundred tech-based startups. Next to Google, some bigger established companies invested in this area: BT provides super fast broadband, Cisco is establishing an innovation centre, Intel has established a research lab and Amazon has opened a Digital Media Development Centre.
Most startups here are focussing on the FinTech (Financial Technology) and EdTech (Educational Technology) sectors. And I found this a facinating contrast. The large shiny luxurious skyscrapers of HSBC, Morgan Chase and Credit Suisse in Canary Wharf on the one hand. And the cheap shabby basement with startups in East London on the other hand. The business models of the first are crumbling, while currency clouds, crowdsourcing, mobile banking and digital wallets are disrupting the financial markets.
To complete my journey in this inspiring borough, I drank a beer in hipster co-working place The Book Club. One of the slogans I saw here on the wall: “We are living in a transformational era for financial services. Our children will look back at these past decades and laugh at how we banked”.
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