Welsh Dragons Take Silicon Valley Office
In an attempt to promote the growing number of innovative companies in Wales, the University of Wales has chosen to take office space in the world famous technological haven of Silicon Valley, California.
The Valley is already home to some of the worldΓÇÖs most innovative firms, including the likes of Apple, Intel, Cisco Systems as well as search engine giants Google and Yahoo. Having chosen to take office space at the Irish Innovation Centre in San Jose, the University of Wales will have these companies on its doorstep.
“It is absolutely critical to have contacts within Silicon ValleyΓÇ¥ explained Professor Dylan Jones-Evans, director of enterprise and innovation at the University.
“It will be an office for Wales, for Welsh business and for high-technology firms that want to have a presence in Silicon Valley,”
“Our aim is for Wales to have a foothold in the area through working closely with the Irish Innovation Centre to help a few companies to come over there and see how it works.ΓÇ¥
The scheme is being backed by Sir Terry Matthews, WalesΓÇÖs first billionaire.
“San Jose and the remainder of Silicon Valley continue as a major concentration of high technology companies and venture capitalists.
“The new Welsh innovation office will be a significant benefit to any new company looking to enter the market for sales opportunities or access to sources of capital.”
Working in a similar way to that of a serviced office, the Irish Innovation Centre provides resources aimed at supporting new and young businesses ΓÇô creating a supportive environment from which the business can grow without the overheads and commitments that would accompany a traditional commercial lease.
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