The Tech Hub is at the heart of the most exciting part of the East London story — the Royal Docks.
Once London’s gateway to world trade, today this is one of the UK’s most important revitalisation projects, with £8 billion being invested over the next 20 years.
With the launch of Pontaq’s £50 million UK – India Innovation fund by Minister Shri Ravi Shankar Prasad at our Digital India IPF event we continue to promote technology transfer between UK and India with the launch of the Tech Hub, in partnership with Royal Albert Docks (RAD), in London.
Encompassing 4.7 million sq ft of waterside offices, retail, residential and leisure in a dramatic setting opposite London City Airport, RAD is a major new neighbourhood within the Royal Docks. RAD has already secured interest from (to name a few):
A large EU HQ’d multi-national tech company with over 200,000 employees;
A billion-dollar technology company from South Asia;
A global bank who are keen to set up their innovation centre within;
A US based company in electric vehicles; and
A leading UK based university who are keen to set up their entrepreneurship capability in the tech hub.
The UK India Tech hub aims at promoting cross border technology transfer in early stage businesses between the two countries. Pontaq will also set up its UK HQ within the Tech Hub. The UK-India Tech Hub will:
Provide Pontaq’s portfolio companies, from both UK and India, access to funding, workspace (at preferential rates) and opportunities for internationalisation through both RAD and Pontaq;
Form part of the broader RAD business district, the phase 1 of which comprising ~460,000 sq. ft is complete. RAD is expected to have ~5M sq. ft of estate when fully complete; and
Comprise of 200 seats initially and aims to host at least 50 businesses in the next three years.