Europe’s largest technology innovation centre is set to come to Here East at Queen Elizabeth Olympic Park .
The innovation centre will be a 68,000 sq ft joint-venture between DV4, Delancey’s evergreen investment fund, and Entiq that is set to open in January 2017.
It will house both big and small companies from the tech sector and help them to develop new products, grow their businesses and to collaborate with other firms.
The centre will be able to house 500 members and will have the capacity to accommodate firms in other spaces across the Here East estate.
Entiq founder and chairwoman Claire Cockerton, CEO of the innovation centre, said: “The project will blend a range of office space as well as service space to help small and large companies collaborate and develop.
“We are not going to be just any company working space, we are an innovation centre.
“We are here to create opportunities and to help people develop their companies. Our success will be measured by the success of our members.”
The centre will initially focus on sport, health, fashion, design and the Internet of Things (IoT).
Services provided by the centre will include accelerator and incubator programmes, practical intrapreneurship and entrepreneurship education, specialised prototyping facilities, a suite of back-office and professional services, and a state-of-the-art technology lab.
Claire, whose company was instrumental in the creation of Level39 in Canary Wharf, described Queen Elizabeth Olympic Park as the “perfect place” for the centre, praising the area’s transport links and nearby amenities.
She said: “The Olympic Park is a huge asset for London and the east end of London is a vibrant community of entrepreneurs and of creativity.
“I’m not sure people are aware of how many businesses and companies are operating here in the east end of London.
“Hackney Wick has got an incredible history of creating, including designing, clothing, manufacturing and textiles.
“So given that east London is very much about making products, we are hoping that our innovation centre will help the next generation develop.”
The announcement of the centre shows a sign of confidence in London’s tech centre, which has been difficult to come by following the Brexit vote.
Claire said: “I think we will have to work very hard with foreign trade and investment relationships around the world.
“There’s no doubt that our community benefits from being connected to Europe and from the free movement of labour and trade.
“Now, more than ever, it’s important to establish international trade and relationships. We are still open for business.”
The Mayor of London Sadiq Khan said: “I am committed to helping London become a world-leading tech hub and removing the barriers to its growth.
"London’s digital technology sector supports almost 200,000 jobs and will generate a massive £18bn for the capital’s economy this year.
“This innovation centre will be a big boost to the sector and provide a hub for exciting new innovation.
“It forms an important part of London’s Olympic legacy in the east of London, generating jobs, encouraging investment and nurturing a growing local community of inventors and entrepreneurs.”
The name of the centre is due to be revealed in a few weeks.
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