BT and TechHub have launched a new project that encourages startups to create applications and services that take advantage of superfast broadband connections with the government lauding the new partnership.
The agreement, which comes under the BT Infinity Lab umbrella, aims to fuel the minds of entrepreneurs so that they develop offerings that can be sold as part of BT’s consumer broadband offering.
“TechHub and BT are to be congratulated on this brilliant initiative which will result in exciting new products and prototypes, helping all UK Internet users to make the most of all the benefits superfast speed has to offer,” said communications minister Ed Vaizey.
BT wants new apps and services that can be advertised alongside its existing products with the successful entrepreneurs getting six months worth of support from BT. This includes knowledge and pointers in a wide swathe of areas such as marketing, legal, engineering, and research and development.
"With this partnership, we are pleased to further extend our global innovation network and actively engage with the tech start-up community,” added Jean-Marc Frangos, MD of external innovation at BT.
From TechHub’s side of the bargain it will provide membership at its sold out community space in London’s Tech City with business support, a workspace and the support of a number of international entrepreneurs coming as part of the package.
“Partnering with BT gives TechHub an unmissable opportunity to offer to tech startups. Working with BT gives entrepreneurs the chance to test their innovations with a major partner, receive specialised help and advice, and take advantage of the huge promotional reach offered by this bastion of British business,” said Elizabeth Varley, founder and CEO of TechHub.
TechHub is a global network of spaces that provides a platform for tech entrepreneurs to meet and work whilst sharing ideas and learning more about how to make startups as successful as possible.
Superfast broadband speeds are defined as being greater than 20Mbps and the partnership complements the UK government plans to bring the network to 95 per cent of the UK by 2017. Right now 73 per cent of the UK has access superfast broadband with BT and Virgin Media the only two companies able to provide access to the fibre-optic network.