The new centre, which also joins fellow telecom company O2 who recently created their own incubation Wayra base in the capital, will provide innovative businesses in the mobile internet and creative media industries with technical expertise, potential financial assistance, logistical support and access to more than 400 million Vodafone customers across more than 30 countries worldwide.
The centre will also draw on the expertise of Vodafone Ventures, the company’s corporate venture capital arm, which has been successfully investing in innovative new businesses for over a decade.
The decision to locate a new technology and incubation centre in Tech City builds on the success of Vodafone xone, which opened in Silicon Valley a year ago. Vodafone xone identifies innovative US start-ups and helps them move quickly to market. It offers companies support from a team of professionals whose expertise spans business development, network and device architecture, consumer electronics, payment and billing mechanisms, data analytics and content delivery.
Trade and Investment Minister Lord Green said: “I warmly welcome Vodafone’s plans to open a technology lab and incubation centre in London’s Tech City. This announcement is an excellent reflection of Tech City’s success as a thriving hub of innovative technology companies, combined with ready access to Europe’s largest venture capital community.”
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