The London Borough of Croydon announced today plans for a new tech business incubator and start-up space in the heart of Croydon.
The project has £2m backing from the council and the Greater London Authority for a new industry-leading 21,000 sq ft tech space in Davis House, an office building located at the centre of Croydon’s digital cluster.
Due to launch in early 2016, the space will provide flexible office and working areas, and offer training, courses and events, alongside investor and demo days at which budding businesses can meet potential investors, industrial partners and growth specialists.
It will also house Digital Art Central, the UK’s first digital art and media specialist hub, providing the leading digital artists and art entrepreneurs the same high-level facilities and business-building tools usually reserved for tech entrepreneurs.
Councillor Toni Letts, cabinet member for economy and jobs
“This unique project confirms Croydon’s position as London’s most significant new tech cluster, and will provide a world-class facility right at the centre of our regeneration programme.
“The incubator will accelerate Croydon’s best digital ideas and be an exciting new chapter for the digital sector in Croydon enabling SME start-ups to access technologies and expertise to collaborate on innovation, creating jobs and more for Croydon’s economy.”
Today’s announcement coincides with the launch of London Technology Week, one of the largest collections of tech events ever seen in Europe.
Sir Edward Lister, GLA chief of staff and Deputy Mayor for Planning said: “London Technology Week is proving without doubt that the city is the place to be for groundbreaking tech innovation and this brand new space in Croydon will lead to the creation of more cutting-edge tech companies, more jobs and more economic prosperity. Croydon is undergoing an incredible social and economic renaissance and, through the Mayor’s Regeneration Fund, we are working to breathe new life and vitality into this part of the capital.”
Jonny Rose, founder of Croydon Tech City, said: “This workspace will be a welcome addition to Croydon Tech City’s burgeoning tech ecosystem and a boon for the hundreds of entrepreneurs, developers and creatives who live and work in the borough. Croydon has seen a huge amount of growth in the TMT sector over the past few years and physical hubs like this will play a key role in continuing the ecosystem’s success.”