East London Tech City 1 East London Tech City
East London Tech City is a planned technology hub to be located in London, United Kingdom.[1] [2] [3] The hub will occupy the area of East End between Old Street and the Queen Elizabeth Olympic Park in Stratford.[1] Cisco Systems, Facebook, Google, Intel Corporation, McKinsey & Company and Vodafone are among the companies which have committed to invest in the hub.[4] Imperial College London, Loughborough University and University College London have agreed to be academic partners in the hub.[5] The hub is modelled on Silicon Valley in the United States.[1]
History Plans for the hub were announced by Prime Minister David Cameron in a speech given in East London on 4 November 2010.[4] In 2008, there were only 15 high-tech companies in London’s Tech-City. By 2011 this had increased to approximately 200 companies occupying the area.[6]
Participants Barclays has agreed to create a new facility to provide specialist banking services to technology companies based in the hub.[5] BT Group has agreed to accelerate the roll-out of superfast broadband in the hub area.[5] Cisco Systems has agreed to establish an Innovation Centre in the Olympic Park focusing on technical excellence.[5] Facebook has agreed to create a base for their Developer Garage programme in the hub.[5] Google has agreed to create an Innovation Hub in East London to develop next-generation applications and services.[5] Imperial Innovations, the technology-transfer company of Imperial College London, has agreed to advise on the creation of an accelerator space for spinout companies at the Olympic Park.[5] Intel Corporation has agreed to establish a new research lab in the hub focusing on performance computing and new energy efficiency technologies. Loughborough University and University College London have agreed to work with the Olympic Legacy Company to establish a bridge between academia and enterprise in the Olympic Park.[5] McKinsey & Company has agreed to provide advice on the creation of the hub and help to start-up companies based in the area.[5] Qualcomm has agreed to provide intellectual property advice to start-up companies based in the hub.[5] Silicon Valley Bank has agreed to establish a UK-based bank to provide financing for technology and life science companies based in the hub.[5] Vodafone has committed to bring its Vodafone Ventures investment fund to the hub.[5]
References
[1] "Cameron reveals Silicon Valley vision for east London" (http:/ / www. bbc. co. uk/ news/ uk-england-london-11689437). BBC News. 4 November 2010. . Retrieved 4 November 2010.
[2] "UK's Cameron To Reveal Plans For Tech City In East London" (http:/ / online. wsj. com/ article/ BT-CO-20101103-723812. html). The Wall Street Journal. 4 November 2010. . Retrieved 4 November 2010.
[3] "Silicon Valley – but in the East End, promises PM" (http:/ / www. independent. co. uk/ news/ uk/ home-news/
silicon-valley-ndash-but-in-the-east-end-promises-pm-2124592. html). The Independent. 4 November 2010. . Retrieved 4 November 2010.
[4] "PM announces East London ‘tech city’" (http:/ / www. number10. gov. uk/ news/ topstorynews/ 2010/ 11/ pm-announces-east-london-tech-city-56606). Number 10. . Retrieved 4 November 2010.
[5] "East End tech city speech" (http:/ / www. number10. gov. uk/ news/ speeches-and-transcripts/ 2010/ 11/ east-end-tech-city-speech-56602). Number 10. . Retrieved 4 November 2010.
[6] http:/ / news. searchofficespace. com/ sos-news/ tech-city-london%E2%80%99s-silicon-valley. html East London Tech City 2
External links
• East London Tech City (http:/ / www. eastlondontechcity. com)
• Department for Business, Innovation & Skills (http:/ / www. bis. gov. uk/ news/ topstories/ 2010/ Nov/ blueprint-for-technology)
• East London Tech City (http:/ / twitter. com/ EastLDNTechCity) on Twitter Article Sources and Contributors 3 Article Sources and Contributors
East London Tech City Source: http://en.wikipedia.org/w/index.php?oldid=422306796 Contributors: Clare.s.hudson, Eugrus, Itsmeltc, MRSC, Rangoon11, 1 anonymous edits License
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