Canary Wharf's Level39 incubator expands on to another floor
Canary Wharf's incubator space Level39 - already fully booked - has released a further 15,000sq ft to accommodate demand from high growth technology companies.
More than 310 companies have applied for the hub at One Canada Square since its launch in March and all the fixed and hotdesk space on the floor is occupied.
Many of those companies are "high growth potential" and keen to expand so Canary Wharf Group is offering additional offices on the 42nd floor.
Three graduates of Level39 are already set to move in: Digital Shadows, Crowdrooster and Growth Intelligence.
CWG is speaking to a further 11 technology companies about occupying the new space, which can accommodate businesses of eight to 60 people, and will provide a reception and pantry area, along with a connecting lift to the Level39 community.
Head of Level39 Eric Van Der Kleij said: "Level39 is a soft landing for technology companies at Canary Wharf. Beyond that, we can help firms scale up in a very short space of time, moving from say a dozen employees to 100, then to 1,000, without having to be displaced from the area.
"Ideally we are seeking companies that match Level39's three areas of focus; FinTech, Retail Tech and Future Cities technologies.
"The aim is for us to offer something new for London, a physical centrepiece for FinTech, which complements the other tech clusters across the UK and helps cement London's position as the tech capital of Europe," he said.
Alastair Paterson, founder and CEO of Digital Shadows said: "We're delighted that Digital Shadows will be the first business to occupy the high growth space. Level39 and its community has been a great launch pad, and we're excited to be moving into this new, world-class facility."
Thomas Gatten, CEO of Growth Intelligence said: "Growth Intelligence has doubled in size since moving into Level39 in earlier this year.
"We're looking forward to settling into our much larger new space and continuing to work with others in the Canary Wharf community."
Francesco Fumagalli, CEO Crowdrooster said: "Crowdrooster's workforce has doubled in the three months and we forecast that it will triple in the next three.
"We can focus on our core business without incurring in any logistic scalability issues, thanks to the smart flexibility that Canary Wharf Group is providing us with."
WHO ARE THEY?
Offers a cyber-monitoring service to help identify companies' "digital footprints" - information posted online - as well as security risks.
An innovative crowdfunding platform that allows for customer interaction and testing in a zero-risk environment.
Real-time information allows salespeople to track activity using their digital fingerprinting and "nowcasting".
Francesco Gatti, Francesco Fumagalli and Alessandro Rovati of Crowdrooster, Alastair Paterson of Digital Shadows, Prash Majmudar of Growth Intelligence and James Chappell of Digital Shadows