Europe’s largest innovation centre is coming to London
Innovation centre at East London’s Olympic Park will support up to 500 sport, health, fashion, design and Internet of Things start-ups
The 1.2 million square foot Here East campus on the Olympic Park is set to become home to Europe’s “largest technology innovation centre” as part of a joint venture between DV4, Delancey’s evergreen investment fund and ENTIQ.
Initially, the centre will bring together innovative businesses from across sport, health, fashion, design and the Internet of Things (IoT), promoting collaboration and driving growth and product development.
The facility will provide a range of services to its members including accelerator and incubation programmes, practical entrepreneurship education, prototyping facilities and a technology lab, as well as access to funding opportunities.
The site will be able to support 500 on-site members, with the capacity to expand scaling firms into other space. After a soft launch in October, the centre will open fully in January 2017.
Sadiq Khan, mayor of London, commented: “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.”
Claire Cockerton, ENTIQ founder and CEO of the new innovation centre, added:
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“Our business values are firmly rooted in the local and Olympic history: creativity and making, multi-disciplinary working, inclusivity and internationalism, and we will remain a launch pad for British-based scale-up businesses and a soft landing pad for companies coming to the UK for the first time.”