Brexit Resilience: the 3 groups that can make innovation skyrocket in London!

Author:

Patricio Julian Gerpe
Cognitive Business Architect | TEDx Speaker | Entrepreneur
I’m an Argentinian living in London. I´m a TEDx Speaker, co-founder of Argentine Artificial Intelligence Community “IAAR” and I have a consultancy company in AI techs. I´m very passionate about entrepreneurial ecosystems. As an Argentinian, I decided to write this article to share with you a different perspective about the Brexit from the ones that you could find in the web.

Being an entrepreneur involves handling risk and dealing with uncertainty. There are always forces, outside the control of a business, that affect its performance and decisions (Worthington & Britton, 2016). These forces are also known as PESTLE factors, which stands for Political, Economic, Social, Technological, Legal and Environmental factors. This year, there was a political event that surprised the global entrepreneurial community: The Brexit, the UK’s referendum pertaining to its membership to the European Union (EU).  I found some similarities between the Brexit and the economic instability of Argentina over the last decades. There was a golden era for this country: Argentina achieved once a very advanced development and became one of the wealthiest nations in the world(*).  However, as a millennial Argentinian, I was raised in a very unstable economy, which, surprisingly, led me and other young Argentinians to become very resourceful and creative in adversity. While there are pessimists who argue that Brexit will reduce the power of London as an entrepreneurial hub I say that, just as in Argentina, there are three different groups that are going to maintain and drive innovation in the British capital:  (1) entrepreneurs,  (2) the youth and (3) foreigners.

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