Barclays bank has partnered with Creative England on a new business accelerator to guide companies in the fields of gamification, the Internet of Things, and 3D modelling into spreading their wings in unfamiliar industries such as healthcare and tourism.
The partnership forms part of efforts to provide support to fledgling British firms seeking to scale-up before they become subject to foreign takeover bids, exemplified by Chinese firm Ctrip’s £1.4bn purchase of Skyscanner.
Caroline Norbury, CEO Creative England, commented: “As recognised in the Autumn Statement, digital is future critical, as is the need to back start-ups to scale up. Our partnership with Barclays and the launch of Barclays’ Eagle Lab – Flight is an important step in our mission to support creative, digital businesses across the country, both driving economic growth and creating high wage, high skill jobs.”
The business accelerator will begin its work at Brighton Eagle Lab by early 2017.