It's an interesting idea, but I think the main issue is whether a startup could get funded in the UK (or to be honest, most of Europe) the same way they can in Silicon Valley.<p>For example, the amount of money you can raise is often a lot less after here, with rounds being on the low side compared to the millions possible in the US. That means companies needing a decent amount of funding probably shouldn't be looking for investment in the UK, and should probably reconsider anyone in Europe in general.<p>They're also most hesitant to fund 'consumer' focused businesses over here compared to the US too. I remember asking where you could get investment for something like Facebook or Uber in the UK (after seeing that most entrepreneurs applying and accepted were running b2b companies), and basically being told that Techstars was probably the only viable option there. Seems like US accelerators and VCs are more likely to fund consumer focused businesses dependent on numbers and ad revenue compared to those in the UK, who prefer more of the Atlassian/Moz type approach (selling services to small companies).<p>But yeah, it's nice the route has been announced, just feels like we need more viable ways to raise money as well.