New analysis from Deloitte has revealed that university business incubators in the North West are a hotbed of activity for technology, media and telecoms (TMT) start-ups, helping to create more jobs in the region.
Deloitte looked at the number of TMT businesses associated with university-based incubators across Greater Manchester, Liverpool and Lancaster, including:
- The University of Manchester, UMIC
- Manchester Metropolitan University, Innospace
- Liverpool John Moores University and the University of Liverpool, Sensor City
- The University of Central Lancashire, Propeller Hub
- Lancaster University, Enterprise Centre
- The University of Salford, Technology House
It found that between March 2017 and April 2018 these university incubators were responsible for supporting over 300 TMT start-ups, including one-man operations, micro-companies and small firms.
In total, these incubators have helped to create almost 700 jobs for the region. Manchester Metropolitan University’s Innospace was responsible for 46% of these businesses and 46% of the jobs created, with firms at the incubator hiring approximately 313 employees, whilst the University of Salford’s Technology House is currently incubating 32% of these start-ups.
Claire Jolly, head of TMT at Deloitte in the North West said: “These incubators, along with the North West TMT Hotspots that we have previously identified, are continuing to maintain the region’s reputation as a driving force for the UK’s TMT industry.
“This analysis suggests that our universities are fueling the next generation of tech businesses, and this will contribute towards shaping the future of the industry in the process. By maintaining a collaborative and supportive network for entrepreneurs across the North West, we can be confident that these next-generation TMT hotspots will continue to accelerate the success of more innovative start-ups in the years to come.”