A partnership between the UK Government, Glasgow City Council and the Smart Things Accelerator Centre (STAC) has been launched, with the aim of turning Glasgow into Europe’s largest Internet of Things (IoT) innovation hub.
It will centre around a £2.5m private and public sector investment into a 250-desk office called thebeyond at SkyPark in Finnieston. The investment includes £257,000 of grant funding through the UK Shared Prosperity Fund.
The partnership believes Glasgow can become a frontrunner the next decade in technologies spanning drones, robots, IoT, artificial intelligence, nanotech, medtech and cleantech – with a view to as many as 100 companies being up and running at the facility by the end of 2024.
The initiative is supported by industry executives from organisations including Dyson, Plexus, Meta, Blackberry, Motorola and Volvo Cars.
Paul Wilson, co-founder and chief executive of STAC, said: “Glasgow can be a powerhouse in the key technologies that will enhance life and industry for the next decades.
“As we build the leading tech cluster around STAC’s thebeyond we will gain a reputation and attract international investment.
“That’s the goal – ambitious and realisable – we believe thebeyond will be Europe’s largest smart things and IoT space.“
He added: “We have the talent and innovation from our universities, now we are boosting entrepreneurship and increasing the ambition to position Glasgow as a leader in the development and application of key future technologies that will allow it to compete on the global stage.“
Volvo Cars chief executive and STAC advisory board member Jim Rowan, commented: “Technology innovation being driven through STAC’s accelerator programme can provide companies like Meta a vital source of first of kind technologies that will change how people live, communicate and play in future.“
Councillor Ricky Bell, deputy leader of Glasgow City Council, added: “This collaboration will help Glasgow become a leading technology-driven city, with our services and buildings powered by homegrown innovation to the benefit of everyone who lives, works and studies here.
“We will empower Glasgow’s start-ups to hone their technologies here and then compete internationally, enhancing our position on the global tech stage and bringing a great number of new jobs and careers in this sector.”
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