Cisco, DC Thomson and University College London are teaming up to found a new Innovation and Digital Enterprise Alliance (IDEA) to better support Tech City in East London and the contribution of digital enterprise to the UK economy.
Tech City, which aims to host around 25 digital and media start-up companies, represents over £3.5m of investment by the three partners over the first three years of operation, with additional investment in individual businesses.
The UK government has committed £50m to regenerate the Old Street roundabout into Europe’s largest indoor civic space, dedicated to start-ups and entrepreneurs in East London.
