Microsoft has launched a £14 million start-up hub in London which it says will connect tech start-ups with its UK partner base.
Dubbed The Reactor, the hub was launched by Microsoft UK CEO Cindy Rose and digital minister Margot James. Rose said: “The reactor is a reflection of the enduring commitment to the UK as a destination for digital innovation, and the importance that we place on nurturing and developing start-up talent in the UK, which we know is Europe’s hotspot for technology innovation.
“This space is designed and located in the heart of Shoreditch to help us connect better with the technology start-up and scale-up community; offer access to Microsoft’s technology, platform and tools; and connect with our enterprise customers and partners.”
The facility, which will see $20 million invested over ten years – will offer free office space for start-ups and give them access to Microsoft’s partners and products.
Microsoft has opened similar schemes in the US, with the London base the first in Europe. Further hubs are planned for Australia and Europe.
Rose also said that Microsoft would sign up to the government’s Tech Talent Charter, which aims to develop skilled IT professionals in the UK, specifically female workers.
MP Margot James said: “Microsoft is an excellent corporate citizen and is doing so much for start-ups. To know Microsoft is backing the charter is just brilliant.
“We have a specific problem attracting women.] in the technology sector because , you need science qualifications and girls are attracted to science A-Levels in far lower numbers.
“We have to change that, but there’s no quick fix. The charter is designed to get girls to look favourably on careers in technology and have the confidence to go for it, as well as to boost digital awareness in schools in ways that girls will be attracted to.”
