Trade & Investment announce £15million scheme to boost innovation
1 min read
With the help of TIUK, the global technology taskforce is looking to recruit the best technology companies and talent to Britain, in order to increase information and communication technology (ICT) trade.
As part of the new £15million scheme, the taskforce is said to include a dedicated New Technology Investment and Entrepreneurship team to work with entrepreneurs, industry experts, scientists, providers of capital and key parts of government. The company is hoping that this will bring the best international new technology investment to the UK and help entrepreneurial and innovative start ups internationalise.
The programme was unveiled by David Cameron at a visit to Shoreditch and the Olympic Park media centre. The UKTI taskforce is planning to have a global network and a presence in East London to maximise the opportunities before and after the Olympic Games.
The Prime Minister said: "We are firmly on the side of the high growth, highly innovative companies of the future.
"Our ambition is to bring together the creativity and energy of Shoreditch and the incredible possibilities of the Olympic Park to help make East London one of the world's great technology centres."
Sir Andrew Cahn, chief executive of UKTI, said: "The UK has a huge opportunity in new technologies. The new task force has an explicit role to help sell the benefits of east London to investors as well as help companies internationalise from the area. I am confident, with the right help, they will be able to grow and win business abroad."
