Barclays launched a new tech hub in Newcastle, marking its first flexible office space in the North East.
The initiative, in collaboration with TUS UK and its business centre TusPark, introduces ‘TusPark Barclays Eagle Lab’, aimed at supporting tech businesses on their growth journey.
Introduction
Barclays launched a new tech hub in Newcastle, marking its first flexible office space in the North East.
The initiative, in collaboration with TUS UK and its business centre TusPark, introduces ‘TusPark Barclays Eagle Lab’, aimed at supporting tech businesses on their growth journey.
A Significant Step for Tech Businesses
The hub offers a versatile maker space, granting firms access to cutting-edge technology and training in fields like AI, blockchain, 3D printing, and laser cutting.
Andrew Lawrence, Barclays Head of SME in the North East, expressed the bank’s commitment to the region’s entrepreneurs. “By providing practical resources alongside our financial expertise, we intend to help people succeed,” he stated.
Global Collaboration and Innovation
Members of the Newcastle Eagle Lab will be connected to TusPark’s global innovation ecosystem, facilitating international collaboration among high-growth enterprises.
TusPark, the world’s largest science park operator, originated from Tsinghua University and supports tech entrepreneur incubation.
TusPark has incubated over 6000 start-ups globally, with 70 of these going on to become listed companies.
Strengthening Local Entrepreneurial Efforts
Dr Yunming Shao, Vice President of TusPark Holdings UK, highlighted their interest in the North East’s diverse strengths and the potential for partnership growth.
“The TusPark Newcastle Eagle Lab will take our relationship with local entrepreneurs one step further, providing them with access to our specialist high growth team,” Shao said.
This collaboration aims to enhance the resources available to local start-ups to accelerate their growth.
Practical Resources at the Hub
The ‘TusPark Barclays Eagle Lab’ encompasses various practical resources like 3D printers and laser cutters, essential for rapidly turning innovative ideas into viable business propositions.
Having access to these resources can significantly speed up the process of product development and market entry for local firms.
Investment in the North East
Barclays’s partnership with TusPark exemplifies its ongoing investment in the North East’s burgeoning tech scene.
The institution aims to provide not just financial support but also tangible tools and resources to foster innovation and growth.
This effort illustrates a broader commitment to developing a strong tech ecosystem within the region.
Conclusion
The Barclays tech hub in Newcastle represents a strategic move to bolster the North East’s tech landscape.
This initiative underscores the importance of providing both practical resources and strategic support to nurture innovative business ideas.
The Barclays tech hub in Newcastle represents a strategic move to bolster the North East’s tech landscape.
This initiative underscores the importance of providing both practical resources and strategic support to nurture innovative business ideas.