
"The gloom has gone," says Matt Mead, managing director of investment for the National Endowment for Science, Technology and the Arts (Nesta). "The venture capitalists might be having a more challenging time, but there's no shortage of chief executives with great ideas. From the internet and digital media scene in London or the games market in Dundee, to web science in Southampton and Cambridge – where there more than 1,000 high-tech startups – there are pools of talent across the UK."
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