It's tempting in these heady days following the Labour Party's landslide victory at the polls to give Tony Blair and co the credit for anything that goes right: the cricket team's 3-0 win over the Aussies in the one day series, the soccer team's walloping of Poland, then Italy, the lovely weather. You name it, Blair's to blame.
At a more parochial level within our industry, the past couple of weeks have seen a number of initiatives (large and small) that have fuelled the feelgood factor and suggested that the UK is finally winning the recognition it needs and deserves.
Foremost among them is the revelation that Microsoft is considering establishing a world class research and development facility in the fens, in association with Cambridge University. If true, this is a major fillip for the nation's high-tech community. It also confirms the lingering suspicion that this country really does have some of the best and brightest brains of the generation, and that what has been lacking has been a commercial environment in which they can flourish.
Whatever you think of Microsoft - and of the merits of a foreign company capturing our best brains - the Cambridge proposal is likely to act as a catalyst for other, smaller but equally innovative companies to cluster round the Microsoft campus and join the intellectual and technological feeding frenzy.
But while the Microsoft/Cambridge tie-up (Microbridge? Camsoft?) inevitably hogged the headlines, there were a couple of snippets which suggested Bill Gates' initiative was no flash-in-the-pan.
A couple of weeks ago, we reported that James Blackwell, a key investor in the high profile, highly successful Internet Bookshop web site, had founded a venture capital firm called Cubic Egg with a remit to invest in Internet-related businesses.
Although the venture pales into significance alongside the millions Gates is likely to invest in Cambridge, Blackwell and his colleague Jasper Judd have identified an opportunity in the market, targeting investors with #20,000 to #300,000 to spend, filling the void between where bank loans stop and full-blown venture capital funding begins.
And late last week, maintaining the momentum begun by Blackwell and Gates, a Cambridge luminary, Acorn co-founder Hermann Hauser, announced he was launching a $50 million venture capital fund in Europe based on the seed capital model that has worked wonders in Silicon Valley.
If this all seems too good to be true, let's not forget that we've been here before. With another Labour prime minister, in fact, who spoke of the "white heat of technology". Let's hope his successor doesn't get his fingers burnt.
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