A £1 million funding competition has been established to support creative and digital businesses in east London.
The Technology Strategy Board is investing £1 million to support digital and creative businesses in the Tech City area around Old Street and Shoreditch.
Companies can apply for funding up to £100,000 for their projects through a competition designed to support and extend the existing east London tech community. The Technology Strategy Board says it will help the companies find match funding.
Start-ups entering the Tech City Launchpad will be introduced to the IC tomorrow digital test bed programme that is relocating to Shoreditch during the summer. IC tomorrow removes barriers to innovation and provides a trial management system for application providers, service providers and rights owners.
David Bott, the Technology Strategy Board's Director of Innovation Programmes, said: "We want to support this hotspot of digital and creative industries by enabling companies to go further and faster towards commercial success. We are looking for projects that may be too risky for companies to go for alone, or that may take them into new areas."