Vodafone to open Tech City incubator

Vodafone to open Tech City incubator

Summary: Vodafone is to open an East London 'xone' to complement its Silicon Valley start-up incubator


Vodafone is to extend its Silicon Valley-based start-up incubator 'xone' to London's Tech City.

The company is looking to attract mobile technology and creative industry start-ups, and will provide technical assistance, logistical support, and potentially funding, it said. The incubator will also perform research and development functions for the company.

Vodafone does not have a specific budget to invest, but said it may incorporate research from London xone start-ups, or take a stake in the companies.

"If a company is interesting, we can help bring a product to market," a Vodafone spokesman told ZDNet.

A number of IT firms announced expansion plans at Tech City on Friday. Italian incubator Morning Boost will open an office in August for start-ups in the UK and other markets, the Department for Business, Innovation and Skills (BIS) said. Morning Boost, which gives access to industry and financial mentoring networks, is backed by a £5m fund from Italian web, new media, and finance entrepreneurs.

Barclays has provided funding for Central Working to launch a club for small to medium-sized businesses. Central Working charges businesses for access to meeting and networking rooms and areas.

GREE, a Tokyo-based mobile social gaming company, will also open an office in Tech City, BIS added.

As of March, the government had pumped almost £4m of public money into Tech City.

Topics: Start-Ups, Telcos, United Kingdom

Tom Espiner

About Tom Espiner

Tom is a technology reporter for ZDNet.com. He covers the security beat, writing about everything from hacking and cybercrime to threats and mitigation. He also focuses on open source and emerging technologies, all the while trying to cut through greenwash.

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