Tech firm creates new incubator for start-ups
MANCHESTER technology brand UKFast is creating a 30,000 sq. ft. incubator space for tech startups at its newly expanded campus, with Tech Manchester managing the community.
The Tech Manchester initiative is dedicated to supporting the development of early-stage technology businesses and is making the FastForward working space at UKFast’s thriving tech campus its new home.
The region’s startups are set to benefit from subsidised space with zero business rates, whilst plugging into Tech Manchester’s network of mentors.
Facilities at FastForward include meeting areas, TV and recording studios, an auditorium with room for 500 attendees, free parking, telephone and reception services, a yoga studio, slides and a health food café.
UKFast Campus in Birley Fields, Manchester, is currently home to a number of fast-growing businesses, including cloud hosting firm UKFast, cybersecurity firm Secarma and technology magazine BusinessCloud.
UKFast CEO Lawrence Jones said: “We started UKFast as entrepreneurs in a spare bedroom in a flat in Oxford Road and then took the plunge to rent a shared office space.
“That journey up to now gives us an insight into what tech startups need. For starters they won’t be paying business rates. This is something we can subsidise to offer a helping hand.”
UKFast Campus is located just off the Princess Parkway in Manchester Science Park, less than a mile from Oxford Road. The campus is set for further significant development before 2020.
Jones continued: “We’re a fastpaced business, but it’s very difficult to predict the exact speed we’re going to grow at.
“In order to ensure we have enough surplus to grow into, we acquired the building next door, even though we don’t need all of it yet. It makes perfect sense to offer that out for up and coming entrepreneurs to use.
“The rationale behind this startup space is to allow people that might not otherwise be able to afford to work in an environment like this, access to the space at significantly subsidised rates. There are a lot of office spaces being dressed up as tech incubator spaces and being let at exorbitant prices.”