UCL is today launching the UCL Technology Fund to invest £50 million in commercialising its world-leading research emerging over the next five years.
Professor Stephen Caddick appointed to Government’s Tech City Advisory Group
30 July 2012
Professor Stephen Caddick, VP Enterprise, UCL, has been appointed to the advisory group which has been established by No. 10 to provide strategic direction for the Government’s work to support the fast-growing technology cluster in East London.
The group will be chaired by Senior Policy Advisor to the Prime Minister Rohan Silva and includes some of the most dynamic entrepreneurs and investors in the capital, including Joanna Shields of Facebook, Ian Hogarth and Pete Smith of Songkick and Judith Clegg of Takeout.
The Tech City Advisory Group aims to help shape the next phase of development in the Government’s Tech City initiative. This was first articulated by the Prime Minister in November 2010 to help support the existing cluster by introducing policy at the national level that addresses directly the concerns and issues faced by entrepreneurs, start-ups and investors in the cluster. Such policy initiatives include Entrepreneur Visa, the Seed Enterprise Investment Scheme, Patent Box and the creation of the Open Data Institute; strengthened by organisations such as Google, Intel, Cisco and General Assembly being drawn to the area. The Government’s vision is for the east of the city to become the location of choice within Europe for any start-up in the digital technology sphere.
UCL has already been heavily involved in projects contributing to the development of the cluster, including establishing collaborative research centres with Imperial College London and technology giants Cisco and Intel to establish institutes researching a variety of issues related to sustainable city living and technology development.
“Having a UCL presence on the advisory group is an affirmation of our place at the heart of the development of Tech City,” Professor Caddick said. “Through programmes like our Master’s degree in Technology Entrepreneurship, as well as a huge variety of extra-curricular opportunities, we are supporting the digital entrepreneurs of tomorrow who will form a core part of Tech City’s future.”