Bringing technology firms together is the aim of the new TechHub development opened last week near London’s Old Street.
The Shoreditch offices will work as a centre for up and coming technology firms and has been described as the UK’s answer to Silicon Valley in the US. Known by some as the Silicon Roundabout, the space may increase collaboration between the tenants, which include a number of small internet companies.
Brent Hoberman, who was involved in the success of lastminute.com and Mydeco, said: “the trend of firms clustering together is a great thing, and really helps entrepreneurs. Being able to talk to people facing the same problems and even do deals together is incredibly valuable. It is imperative that we have initiatives like this to keep London at the forefront of the European digital market”.
The idea for the offices on 76 City Road, came from journalist Mike Butcher and entrepreneur Elizabeth Varley.
Varley said: “We want to be the heart of the internet community that already exists in the area. Everyone will be in the same boat, so if you want advice on different types of funding, for instance, the chances are someone else in the room has already gone through that”.
She added: “We want to attract the entire ecosystem that make up the internet world and have them all in the same room”.
Members can book a work space for £10 a day and receive free access to networking events after paying an initial fee of £300.