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New £2m tech incubator will create 2,000 jobs in Manchester

Categories: AI and Data

Manchester Science Partnerships (MSP) has launched a new £2m tech incubator that will result in up to 2,000 jobs in data science and technology innovation companies over the next decade.

Reflecting the ambitions of the updated Greater Manchester strategy to build on the city region’s strengths in technology and digital innovation, the incubator will provide start-ups with a wide package of business support services, including access to finance, talent and markets advice, provided by delivery partners including the leading sector trade body Manchester Digital, talent support services company Complete Resourcing, and Sharp Futures, the social enterprise supporting diverse young people into employment in the digital sector.
Supported by a £2m award from Manchester City Council, the incubator is designed for start-ups working in areas such as artificial intelligence, data analytics, cyber security, cloud technologies, internet of things, smart cities and digital health.

The incubator will bring these businesses together to foster greater collaboration and growth in the city region’s digital and tech economy, which, according to the 2017 Tech Nation report, is worth nearly £3bn a year and already supports more than 60,000 jobs.

Located at Manchester Technology Centre, part of Circle Square, the launch, which took place on Thursday 10 May, was attended by more than 250 people including Andy Burnham, Mayor of Greater Manchester, Prof Danielle George from The University of Manchester, leading members from Manchester’s business community, as well as industry figures, academics and scientists.

Mayor Burnham, said: “I want Manchester to be the UK’s leading tech and digital centre and this new tech incubator takes the city to another level, because if we are going to be a leader in this industry we have to build an ecosystem that supports businesses at every level, from start-up to the biggest players too.

“We also need to build a culture of collaboration across the sector, and the whole city region to achieve our ambitions.”

He added: “Manchester Science Partnerships is a great example of the collaboration we need, and I congratulate them on creating this amazing space, in such a fantastic location – right on the doorstep of our universities – and I am sure it will be a place where great ideas are brought to life.”

Tom Renn, managing director of Manchester Science Partnerships, said: “MSP has an unrivalled track record of helping our customers grow from start-up to scale-up to market leadership by providing a unique and comprehensive range of business support services that delivers real growth.

“We are passionate about creating communities where innovation and entrepreneurship meet and flourish and we’re excited and proud to be bringing this to Circle Square.
“We are, therefore, delighted to launch this incubator for data science and technology innovation start-ups and look forward to supporting a new wave of disruptive and innovative businesses to grow in the city.

Source: The Business Desk

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