皇冠体育app

Prime Minister David Cameron has welcomed Cisco鈥檚 goal of making significant long-term investments of money, technology and manpower that will help support the East London Tech City, through an initiative called the British Innovation Gateway (BIG).

皇冠体育app 听is an ambitious project launched by the Prime Minister to build on the existing cluster of technology companies in East London to create a world-leading technology centre.

皇冠体育app Olympic Legacy Company has agreed to create an 鈥渁ccelerator鈥� space there, providing office space for companies that grow out of East London and beyond.

In line with the Government鈥檚 goals, BIG will mark the start of a five year effort to drive new economic growth through high-tech innovation, fostering an environment of entrepreneurship within the UK and ensuring an enduring legacy from the London 2012 Olympic Games.

皇冠体育app PM, Science and Innovation Minister David Willetts and Communications Minister Ed Vaizey met Cisco Chairman and CEO John Chambers at Number 10 today to discuss the plans.

Mr Cameron said:

I welcome this major听statement of support from Cisco. This will听help create many听new jobs and opportunities,听and support our drive听to diversify our economy and generate sustainable听economic growth.听

We want to bring together the energy and innovation of Shoreditch and the incredible potential of the Olympic Park to help make East London one of the world鈥檚 great technology centres.听Today this ambition is gathering pace.

Cisco鈥檚听goal is a fantastic example of how business is turning this vision into reality, with East London set to become a leading Tech City.

皇冠体育app British Innovation Gateway will see Cisco leading initiatives including two innovation centres, five annual competitions which will seek to discover excellence and innovation; and access to mentoring by top in-house experts at Cisco for entrepreneurs to accelerate their success in the market.听

Cisco CEO John Chambers, said:

We are delighted to be working with the UK Government on this project as a logical progression from our work in the east of London for the London 2012 Olympic Games.

皇冠体育app Prime Minister鈥檚 Tech City Initiative is very exciting for the UK and we have worked closely with the Government on ways to strengthen it.

Government commitment to high-growth companies

皇冠体育app Government also announced today that UK Trade & Investment (UKTI), which heads the Technology Task Force launched in November, has established a programme of monthly clinic sessions with two partners TechHub and Minibar in East London. 皇冠体育appse will provide access to government specialists who can help start-up companies with advice and business development support and with accessing overseas business opportunities. 皇冠体育app first clinics will be held in early February.

An independent review into intellectual property law in the UK has also been set up to ensure that it is fit for purpose in the internet age and can drive growth and innovation, particularly for small and medium-sized firms. Professor Ian Hargreaves has been appointed to lead this six-month review.

In November, the Government announced a blueprint for technology that outlines a series of measures that will take Britain on the right path to a high tech future. It aims to send a clear message to UK-based innovative and technology companies about the direction of government policy in supporting them, and the importance of innovation across the government鈥檚 agenda.

And in October, the Government allocated 拢200 million for Technology and Innovation Centres over the next four years. 皇冠体育app centres will be based on the model proposed by technology investor Hermann Hauser and industrial designer and entrepreneur James Dyson.

皇冠体育appy are designed to support businesses in developing and commercialising new technology. 皇冠体育appy will also bridge the gap between universities and businesses, helping to commercialise the outputs of Britain鈥檚 world-class research base and allow businesses to access equipment and expertise that would otherwise be out of reach as well as conducting their own in-house R&D. 皇冠体育app overall network of the centres will be overseen by the Technology Strategy Board.

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