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Teesside digital development secures more investment

A development aimed at putting Tees Valley at the cutting edge of digital technology is celebrating further investment. The Institute of Digital Innovation (IDI) in Middlesbrough will move into the next phase of its development after £1.4m of funding from regional development agency One NorthEast.

The investment will allow the IDI to focus on establishing itself as a successful business facility, providing digital academics with the support they need to become leading regional entrepreneurs.

The IDI is one of two components of the DigitalCity initiative. The University of Teesside and Middlesbrough Council established the DigitalCity initiative with the intent of helping the Tees Valley to generate a fast growing, high level economic base in the digital and creative sectors for the region.

The other element of DigitalCity is the BoHo Zone, which will house 27 businesses and almost 300 jobs.

Jim TerKeurst, Director of the IDI, said: “Innovation is at the heart of global business, and these themes working together will make the Institute of Digital Innovation a terrific resource for the digital and creative industries in the North East.”

Professor Graham Henderson, Vice Chancellor of the University of Teesside, said: “The IDI has a major role to play in the region, attracting and generating new talent, working with companies on high-level skills and development opportunities, and producing the ideas and the businesses for a digital supercluster.

“With this tremendous investment and vote of confidence from One NorthEast, we’re on course with our partners to build a national and international reputation for digital innovation in the North East.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .