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Vodafone invest in small business incubator Tech City

Vodafone is set to nurture the technology talent of tomorrow as it invests in new Tech City incubator in East London.

Tech City is Europe’s fastest growing digital hub, and Vodafone joins a host of companies to support the next generation of British digital entrepreneurs as the capital proves it can attract some of the world’s largest technology companies.

Innovative start-up businesses will be encouraged to join the technology and incubation centre which is being heralded as a European answer to Vodafone’s successful xzone in Silicon Valley.

The support to SMEs in their early stages the telecommunications giant will provide expert advice from its Vodafone Ventures group.

Small technology businesses will be guided by teams of professionals with a wealth of knowledge in a vast array of areas, including business development, network and device architecture, consumer electronics, payment and billing mechanisms, data analytics and content delivery.

Tech City will be a base for thousands of new businesses, and Vodafone will supply them with financial assistance as well as access to their 400 million customer base internationally.

Siavash Alamouti, Vodafone Group Research and Development Director praised East London as an ideal location for the digital hub.

He said: ““We believe that the great talent, entrepreneurial spirit and wealth of start-up companies, in both the mobile internet and creative media industries, that are to be found in East London, make Tech City a great location for this centre.”

The scheme is being heartily backed by the Government and the Chancellor George Osborne, who will announce Vodaphone’s technology lab.

Trade and Investment Minister Lord Green said: “I warmly welcome Vodafone’s plans to open a technology lab and incubation centre in London’s Tech City.

“This announcement is an excellent reflection of Tech City’s success as a thriving hub of innovative technology companies, combined with ready access to Europe’s largest venture capital community.”

This was posted in Bdaily's Members' News section by Miranda Dobson .