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02 December 2011

News - ‘Tech City’ founding partners to discuss growth strategies


By Ben Turner @ 06:41 :: 1148 Views :: 0 Comments :: Article Rating
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The founding partners of the Tech City Map (www.techcitymap.com) gathered at 6:30-8:30pm on Thursday 1st December 2011 at The Trampery in East London. Following the official launch by Prime Minister Rt Hon David Cameron MP on the 10th November 2011, the five founding partners are meeting to discuss early results and growth strategies. Partners in the Tech City Map include Thomson Reuters, Mother, LinkedIn, Cisco and Atos. Trampoline Systems and Playgen are the architects and drivers of the project. They did this in alliance with BCS, Hackney Council, Digital Shoreditch and The Trampery.

The Tech City Map is charting the rapid influx of tech companies into the East End area now and after the Olympics. In the first 24 hours of its inception, the Tech City Map received 16,363 unique visitors. So far an additional 186 companies have been submitted and validated from the initial 821 companies registered at map launch taking the total to 1,007. In November 2010, the number stood at just 200.

“The Tech City map supports the renaissance that is already underway in the Shoreditch area infusing technology, investment and talent into start-ups in East London”, says Bob Schukai, Global Head of Mobile Technology for Thomson Reuters.  “The map celebrates the great spirit of collaboration which has emerged from the pubs and cafes in East London. This map helps people act on that spirit,” says Dylan Williams, Strategy Partner at Mother.

According to Simon Willis of Cisco: "We are seeing the development of smart new clusters with a strong understanding of existing local strengths that exploit geographical, cultural and institutional proximity as well as the appropriate use of platforms for collaboration and virtualisation as one of the keys to accelerated economic growth and job creation."

This culture of interdependency and mutual benefit, has seen 62% of companies on the Tech City Map ‘following’ at least one other Tech City company, whilst in terms of physical office space, 92% of companies on the Tech City map are “co-habiting” with other companies in the same physical space. The Trampery is a niche, high-end physical shared space in Beveden Street, whilst Google plan larger corporate shared spaces on Silicon roundabout.

All founding partners of the Tech City Map recognise that a fundamental area for economic growth for the UK is the technology sector. Ariel Eckstein, Managing Director, LinkedIn, EMEA, says “LinkedIn is a company that has grown out of entrepreneurship and one that is focused on innovation. As the world's largest professional network on the internet and a company with a strong UK presence we want to support the growth and development of the UK technology sector and foster local innovation.  The Tech City mapping project is a great example of this and we’re pleased to be supporting it”.

Prime Minister David Cameron says “The Tech City Map, which underlines the fantastic level of creativity and innovation taking place in the area, is a great showcase for East London’s start-up community. It’s also a demonstration of how small, innovative businesses can collaborate with leading corporations. It’s fitting that the Tech City Map is 100% home-grown in East London with it’s creators Trampoline and Playgen both based in Shoreditch”.

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