Feeds

Silicon Roundabout £50m THING to spew 200 startups A YEAR

Mentoring and incubating Blighty out of recession

Choosing a cloud hosting partner with confidence

Prime Minister David Cameron and Mayor of London Boris Johnson have unveiled plans to establish a £50 million "technical and creative institute" around the area dubbed the Silicon Roundabout at Old Street in London.

The plans, set out at a conference organised by LSE Cities, propose an architecture-designed scheme housing 200 startup companies a year, and hosting two annual conferences for companies from the technology sector and creative industries. Potential locations for the institute are being assessed in a feasibility study which will be completed in the New Year.

The Greater London Authority will have responsibility for delivering the project, which has already been backed by several companies including KPMG, IBM and Microsoft.

“The UK is in a global race and I am determined that we as a government continue doing everything we can to equip the UK to compete and thrive in that race", said the Prime Minister.

“That’s why we’re investing in creating the largest civic space in Europe – a place for startup companies and the local community to come together and become the next generation of entrepreneurs.”

The institute will also host a mentoring network for entrepreneurs, help 1,000 young people each year find skilled employment, support initiatives which make recruitment easier such as providing support around Visa applications for overseas workers, engage up to 50,000 school children with enterprise programmes, support the growth of Digital Shoreditch Festival to an audience of 200,000, and lead 10 overseas trade delegations with UKTI and the Mayor’s promotional agency London & Partners.

Chancellor George Osborne confirmed the funding for the new institute in his Autumn Statement last week. Cameron committed himself to developing the area also known as Tech City two years ago.

Copyright © 2012, Out-Law.com

Out-Law.com is part of international law firm Pinsent Masons.

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.