Vodafone has revealed plans to create a hub for start-up technology businesses in an area of East London now being referred to as Tech City. The company’s offices, in what is one of the most innovative and vibrant enterprise districts in London, will be used in support of fledgling operations from a range of inter-related sectors.
British prime minister David Cameron has been among those actively supporting efforts to turn East London and areas around Old Street into the kind of place that might turn up the next great success story for the digital and communications industries. Much of the office space now in use in the area offers start-ups room to grow quickly and opportunities to interact with similarly orientated organisations.
Vodafone, the UK’s largest information and communications technology company, is just the latest of a long list of global businesses taking an interest and investing in offices in Tech City. Its plans centre around the creation of an ‘incubation centre’ and a technology lab where start-ups will be able to make use of Vodafone’s technical expertise and potentially receive much-needed funding.
“This exciting new centre will build on our existing Vodafone xone facility in Silicon Valley, giving cutting-edge British high tech start-ups access to the expertise and global reach of Britain’s largest ICT company,” said Siavash Alamouti, director of Vodafone’s research and development operations.
“We believe that the great talent, entrepreneurial spirit and wealth of start-up companies, in both the mobile internet and creative media industries, that are to be found in East London, make Tech City a great location for this centre.”
The announcements were wholeheartedly welcomed by UK trade and investment minister Lord Green. Other companies invested in offices and other commercial space in and around the Tech City include Google, Facebook and Cisco.