£8m Birmingham tech start-up incubator set to launch in 2016
iCentrum to create 400 jobs and generate £25m each year for the local economy
Birmingham’s technology start-ups are to get a boost following the announcement that a new incubator, iCentrum, is to launch in March next year.
The first of four buildings planned for the Innovation Birmingham Campus at Birmingham Science Park Aston, it’s intended that the £8m iCentrum development will create 400 tech jobs and generate £25m for the local economy each year.
Set to rival London’s booming incubator and accelerator scene, the incubator is being funded by a loan from Birmingham City Council with additional funding from the Greater Birmingham & Solihull Local Enterprise Partnership (LEP) to go towards creating additional co-working space and flexible offices in the building.
The building, which covers 41,700 square feet, will look to compliment the support on offer to businesses at the campus with over 120 companies already based in the area.
The news follows Birmingham’s recent ranking at number nine in the Startup Cities Index 2014 as one of the top 25 UK cities to start a business in.