The British Innovation Gateway is a new initiative that has been launched to provide massive long-term investment in technology, to ensure an enduring legacy from the Olympic games in London 2012. This scheme will support the East London Tech City, an ambitious project launched by the Prime Minister to build on the existing cluster of technology companies in East London, with the aim of creating a world-leading technology centre. All of which will undoubtedly create significant opportunities for IT contractors over the coming months and years.
Initiatives include two Innovation Centres, one in Shoreditch developed in partnership with local small and medium-sized businesses, and another at the Olympic Park providing a ‘state-of-the-art connected community’ – with special focus on developing and demonstrating a new wave of solutions for London and other cities. There will also be five annual competitions called the “BIG Awards: Powered by Cisco I-PRIZE”, which will seek to discover excellence in innovation and business acumen from UK small and medium-sized firms in targeted growth areas.
Commenting on the British Innovation Gateway, David Cameron said, “This will help to create many new jobs and opportunities, and support our drive to diversify our economy and generate sustainable economic growth. 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’s great technology centres. Today, this ambition is gathering pace.”