A joint initiative between Oldham Council and Wayra UK will provide low cost and flexible workspaces for small to medium-sized digital start-ups.
The council is searching for approval to offer up to £200,000 towards the cost of the project.
Gary Stewart, director at Wayra UK, believes the area is perfect for digital start-ups to grow into strong businesses.
He said: “The Greater Manchester area has the scale, influence and talent required to incubate a large start-up ecosystem.”
“By joining the Telefonica Open Future_family, start-ups in Oldham will be able to take advantage of ready-made networks and the Telefonica Open Future_model, which supports start-ups at different stages of growth, from small funding for students to large venture capital deals.Our ultimate goal is to create a Shoreditch of the North.”
Jean Stretton, Oldham Council’s Deputy Leader said: “These are exciting plans that could create a fantastic focal point in Oldham where SMEs’ microbusinesses and people with great concepts can all innovate, grow and collaborate together.”
10 digital start-up teams will initially be housed in the digital hub and the project looks set to expand, bringing even more exciting opportunities and businesses to the Greater Manchester region.