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Success of Tech City hailed by the Prime Minister as global giants commit to the cluster


05/12/2012

By Claire West

Two years since committing Government support to the growing tech cluster in East London, the Prime Minister today announced a major Government investment in Tech City.

The Government will put £50m towards a visionary project to regenerate the Old Street roundabout, which will see it transformed into Europe’s largest indoor civic space, dedicated to start-ups and entrepreneurs in East London. This new civic building will host classrooms, co-working spaces and workshops equipped with the latest 3D printing technology, for use by both the local start-ups and the wider community.

These announcements from the Government were accompanied by a host of major corporate commitments to Tech City, including the following:

Microsoft is establishing a Technology Development Centre in the heart of Tech City as part of their commitment to the cluster, and will support local technology development, work to inspire innovation and provide expertise and guidance to those with new and innovative ideas. They will create packages of support for Developer Apprentices and are working on a new Apprenticeship to support young people in and around Tech City

Cisco, DC Thomson and UCL are opening IDEALondon, an innovation centre in Shoreditch to support the growth of digital and media companies, in a unique alliance between a world-leading research institution, a world-class information technology provider and an international media company. The facility will host up to 25 digital and media companies

KPMG, the global professional services firm, announces the opening of an office in Shoreditch, with a dedicated team to support early stage technology companies. The team will provide advice for early stage tech companies looking to grow and flourish in the UK and beyond

IBM will bring its entrepreneur programme to the innovative companies in Tech City. The IBM Global Entrepreneur programme provides access to technology, support and resources to help technology start-ups develop... continued on page two >

 

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