Microsoft has announced that it has opened a $20 million venue in London to further position the UK as Europe’s home of technology innovation.
Located in Shoreditch, The Reactor will be used to “nurture and develop start-up talent in the UK” by giving new businesses access to Microsoft partners, customers and products, UK Chief Executive Cindy Rose said.
Opening the site, Margot James MP, Minister for Digital and the Creative Industries, said: “The Reactor is a $20m investment by Microsoft over the next 10 years. It’s 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 specially 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 [businesses] with our enterprise customers and partners.
“There are very few companies we don’t work with and that’s the great advantage of partnering with us, as well as the technology platform we provide.”
The UK Reactor, Microsoft’s first such space in Europe, will not only offer free office space to start-up and scale-up companies, it will also host regular events such as hackathons, talks, meetups and more for up to 120 people.
Being centrally located within walking distance of Shoreditch, our technology business experts at Beavis Morgan work with many entrepreneurial businesses in the tech sector, helping them set up and run their own businesses and guiding them through each stage of the process, whilst navigating the challenges and advising them in making the right decisions both now and for the future.
Our Research & Development specialists are also available to assist with maximising the value of any potential research and development tax credit claims, and our team at BM Structured Finance is available to source any funding required to enhance your immediate and long term success.
Contact Steve Govey or your usual Beavis Morgan Partner for more information about how we can assist you and your tech business.