Announced at Birmingham Tech Week, the funding injection is earmarked for a novel acceleration program aimed at helping regional startups achieve scalable growth.
Additionally, the investment will support the development of an ecosystem platform, intended to consolidate all available support and services for businesses and entrepreneurs.
Lastly, an online tech showcase is on the horizon, with the goal of keeping stakeholders in the West Midlands informed about the latest events and opportunities in the tech sector.
Furthermore, a tech support hub in Birmingham is in the works, designed to foster collaboration among tech professionals in the city.
“This will be a tremendous boost to our startups and scaleups. It’s particularly exciting to see the new stellar Tech & Digital Advisory Board that has been assembled – a board which will be responsible for driving forward the Digital & Tech strategy right across our region.”
West Midlands Mayor Andy Street expressed his enthusiasm for these developments:
This strategy will be overseen by Martin Ward, the recently appointed West Midlands tech commissioner.
TechWM's role extends to support for a new digital and tech strategy that will aim to bolster business support, investment, and digital skills.
emphasizing that London's growth doesn't preclude the West Midlands from becoming a tech powerhouse in its own right.
During Birmingham Tech Week, Ward highlighted that the UK can draw lessons from the startup ecosystem in Silicon Valley,