Google plans start-up centre in London's East End

Google has thrown its weight behind Tech City, East London's fast-growing hub for Internet

RELATED ARTICLES

companies, by signing a lease for a seven-floor building that will serve as a launch-pad for new start-ups and developers.

The centre, due to open in 2012, will house advisers from Google and other organisations that support technology entrepreneurs, the U.S. company said on Wednesday.

It will be located close to Old Street roundabout, dubbed "Silicon Roundabout", in an area of London that has already attracted hundreds of new Internet start-ups.

The move supports British Prime Minister David Cameron's ambition, announced in November 2010, for London's East End to become a technology centre to rival California's Silicon Valley.

The plan was backed by a host of technology companies, including Google, Vodafone, Facebook and Intel.

Google, which will retain its central London offices, said the centre would be the first initiative of its kind for the company anywhere in the world.

"Finding a suitable building is the first major step, and we hope to announce more details about the organisations we'll work with and how they will use the space in the coming months," said David Singleton, Google UK's engineering director.

"East London is already home to hundreds of innovative British start-ups, and has huge potential for economic growth and new jobs over the coming years."

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

FC NEWSLETTER

Stay informed on our latest news!

EDITORIAL OF THE DAY

  • Foreign brokerages must be Street-smart to win battle of bourses

    Earlier this week, Financial Chronicle reported that foreign brokerages were failing to crack the retail broking market in India, once seen as very pr

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

India needs to project soft power

The rise from a regional to a global p­ower is ...

Robert Clements

Walk the talk when giving others advice

The only thing one does with advice is to pass ...

Bubbles Sabharwal

Keeping our value system uninjured

Every time one reads a newspaper, there is fr­esh news ...