The UK Government will put £50m towards a visionary project to transform the Old Street roundabout in East London into Europe’s largest indoor civic space, dedicated to start-ups and entrepreneurs. 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.
First movers for Tech City include the following:
- Microsoft is establishing a Technology Development Centre to 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. The facility will host up to 25 digital and media companies.
- KPMG, announces the opening of an office in Shoreditch, that will provide advice for early stage tech companies.
- IBM offers “The IBM Global Entrepreneur programme” with access to technology, support and resources to help technology start-ups develop solutions for a smarter planet and grow their businesses
- Alert Me, develops technology that enables consumers to manage their home energy usage online or by smartphone. In Tech City they will establish a centre of expertise on technologies promoting energy efficient consumption and the smart, connected home.
- Barclays and Ravensbourne offering placements to – Ravensbourne students to bring technology and design to bear on specific business challenges.
- Skills Matter, developer community, to provide even more opportunities for its community to collaborate with the world’s top technology experts
- Salesforce.com, the enterprise cloud computing company