The number of digital tech businesses started in Newcastle soared by 154% from 2011 to 2016, according to research from Tech Nation, the organisation that seeks to accelerate the digital tech sector.
Some 134 digital tech businesses were founded in Newcastle during 2016, the fifth year to see an acceleration in the number of digital tech businesses started in the city. Tech clusters are springing up in other cities in the North East region as well, with digital tech jobs growing on average by 13% across the region. The number of digital tech jobs in Newcastle grew by 8% in 2017, by 12% in Sunderland and by 19.5% in Middlesbrough.
The cities are all singled out in Tech Nation’s 2018 state of the nation report. Other fast-growing tech clusters in the region include Durham and Darlington.
Tech Nation on Tour will meet entrepreneurs, founders and tech ecosystem experts in Newcastle on 27 June, five days into the 11-week Great Exhibition of the North which will highlight the region’s creativity and history of innovation and business success.
Gerard Grech, chief executive at Tech Nation, said: “The North East has a fast-growing tech sector with great companies such as the Performance Horizon Group and ZeroLight showing that the conditions are becoming even more ripe for digital tech businesses. The region has a long industrial tradition and this is now being applied to found a new generation of companies with massive potential. Data from our latest Tech Nation report has shown that the sector is worth almost £1bn in turnover and is adding jobs steadily.”
David Dunn, CEO, Sunderland Software City said: “The North East has a lot to offer with five universities delivering a pool of highly skilled programmers and developers and an impressive cluster of tech companies already based here. The digital tech sector is providing new hope of great careers for younger generations in the North East and we expect the number of new companies formed here to keep rising as people see what can be achieved from this region.”
A £120m fund to help support new businesses in the region is now live and is expected to stimulate the North East’s tech sector even further. The North East Fund could support 600 businesses and help create around 2,500 jobs over the next five years.
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