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Can UK compete with Silicon Valley?

17 August 2012 Last updated at 16:04 BST

The UK's 'silicon roundabout' or 'Tech City' in east London is the focus for the UK's technology sector, but can it compete with the US?

Bindi Karia, head of emerging business for Microsoft says internet start-ups could help grow the UK's economy, but Milo Yiannopoulos, founder of the website The Kernel, believes the companies based in London are producing the wrong technologies.