Business Chief Europe Magazine December 2016 | Page 25

TAKING THE UK ON A JOURNEY OF INNOVATION
Internet of Things ( IoT ). Increasingly powerful internet-connected sensors are enabling our phones , wearable devices and other objects to connect to us and the world around us , creating useful data and allowing us to make more informed decisions .
That ’ s why this intersection of related areas – sport , health , fashion , design and mobility , all driven by IoT capabilities – is where some of the most exciting technological innovation is happening right now . It ’ s where entrepreneurs , start-ups and corporates are exploring ways to address the big issues we face as a society , from tackling obesity to making our cities smarter and moving towards a future of driverless cars . Plexal will provide a point of focus for these trends as they continue to develop . The largest facility of its kind in Europe , it will offer membership for up to 500 innovative companies , from start-ups through to corporates , and will offer them a portfolio of services to support new product development , business growth and collaboration . These services will include accelerator and incubation programmes , practical intrapreneurship and entrepreneurship education and access to a range of funding opportunities enabling companies to scale across the UK and beyond .
The campus will also provide specialised prototyping facilities and a state-of-the-art technology lab , making innovation , market testing and development the beating heart of the centre . And we are forming valuable partnerships with large corporates , sporting teams , and local venues to enable product testing , and a pathway to market . Plexal will become a stage for companies large and small , supporting those located in it and cultivating connections to external and new markets , thereby continuing to drive economic growth and innovation in technology the UK has become famous for .
Plexal will also be utilising and contributing to the local assets of the Olympic Park area : not just the sporting venues , but also the creative cluster in nearby Hackney Wick , and the incredible local academic research facilities in robotics and mobility . The campus will draw inspiration from other creatively focused Olympic Park facilities such as the fast-growing Cultural
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