Manchester – mad for music, football and now, digital tech too.
Three universities have attracted big names including LateRooms and Auto Trader to the city, while according to GP Bullhound 28% of the 50 fastest growing digital tech companies in the North are located in Manchester.
MediaCityUK, home to the BBC and ITV Granada, draws in yet more talent. Manchester Science Partnerships’ Central Campus is home to more than 170 companies in the life science, healthtech, biotech, ICT, digital and creative sectors.
Elsewhere, The Sharp Project, SpacePortX and Innospace Manchester all provide space for digital tech entrepreneurs, while Rise Manchester hosts many local startups.
Last year, Manchester made in to the top 20 in the European Digital City Index for starting and scaling a digital tech business.
Two new accelerators, Wayra and Ignite, were launched, while Manchester City Council awarded two £2 million grants for the creation of two new technology hubs.
Mi-IDEA, a new facility for tech startups and entrepreneurs is soon to open, while the £235 million Sir Henry Royce Institute for Advanced Materials Research and Innovation is expected to open in 2019.
In other news, £10 million in government funding is being channelled into the CityVerve project to test IoT technology.
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Competition in Manchester is low when compared with the saturated London market.This has helped us to establish ourselves as market leaders and attract the best talent early on.
DigitalBridge uses computer vision and machine learning to enable consumers to virtually “try on” home décor products. It’s a solution to the £1 billion “imagination gap” problem, when shoppers delay purchases because they can’t imagine products in their own homes.
Manchester is one of the world’s leading research centres for computer vision and machine learning with a great talent pool coming out of the universities. In addition, costs of living are on average 42% cheaper than those in London. Yet we can get to the capital in just two hours.