Vodafone Incubator to Support London Start-Ups
Digital entrepreneurship continues to thrive in the streets of East London as Vodafone announces its intention to set up a business incubator in the ever-growing Tech City.
The trend for building university-like business and innovation incubators has been gaining strength in London over recent years thanks to the efforts of companies such as Google, Telef├│nica and Amazon.
Now Vodafone is partaking of this growing trend, bringing its working xone model across the pond from California to offer in-house expertise to rising creative and digital stars.
ΓÇ£Vodafone is delighted to confirm its intention to set up a new R&D and incubation centre in Tech City,ΓÇ¥ says Siavash Alamouti, Director of Research and Development for the Vodafone Group.
ΓÇ£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 BritainΓÇÖs largest ICT company.
ΓÇ£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.ΓÇ¥
As part of the services offered at the incubator, experts will provide insider advice into areas such as successful business growth and adaptation, network usage and design, commerce infrastructure and content creation and delivery.
Selected aspiring creative SMEs will also be offered financial support from Vodafone to set up shop in the East London techie paradise.
ΓÇ£I warmly welcome VodafoneΓÇÖs plans to open a technology lab and incubation centre in LondonΓÇÖs Tech City,ΓÇ¥ says Trade and Investment Minister, Lord Green.
ΓÇ£This announcement is an excellent reflection of Tech CityΓÇÖs success as a thriving hub of innovative technology companies, combined with ready access to EuropeΓÇÖs largest venture capital community.ΓÇ¥
George Osborne is expected to open the centre for business by the end of 2012.
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