Tees Business Tees Business Issue 14 | Page 42

42 | Tees Business TECH A LOOK At THIS CITY-SCALE DIGITAL AMBITION HIGHLIGHTED IN TECH NATION REPORT M IDDLESBROUGH’S thriving digital sector is one of the rising stars of the UK’s burgeoning hi-tech economy. That’s the verdict of the influential Tech Nation 2018 report which singles the town out as being in the vanguard of the UK’s burgeoning digital and hi-tech economy. The report gives an upbeat overview of the strength, depth and breadth of a vital sector that continues to expand at a faster rate than the wider economy. And Middlesbrough is highlighted as one of 16 booming ‘digital suburbs and tech towns’ with a higher proportion of digital tech employment than the UK average. The online report is a snapshot of the tech sector across the UK, and features recommendations for tech businesses, policymakers and corporates looking to accelerate growth. And the picture in Middlesbrough shows healthy growth in digital tech jobs of 19.5% to nearly 7,200 in 2016-17, with a total business turnover of just under £190m. Digital GVA has increased locally by 44% from £211m in the 2017 report to £304m in the latest edition. The town’s worldwide reputation in digital animation is highlighted, including Teesside University’s specialist degrees in the field and its hosting of Animex, the UK’s largest festival of animation and computer games. Other case studies include co-working space Studio 109, whose 6,500 sq ft of renovated space includes studio offices as well as co-working and hot-desking spaces, bringing together creative minds and fuelling innovation and growth. Teesside University plays a key role, placing major emphasis on graduate enterprise and spearheading a number of Drive - Dan Watson. initiatives to encourage the growth of digital businesses. DigitalCity, led by the university in partnership with the Tees Valley Combined Authority and funded by the European Regional Development Fund (ERDF), works to drive digital innovation and growth and is acknowledged as a key economic driver for the region. Since DigitalCity’s launch in 2004, it has supported more than 650 digital and creative businesses as well as over 100 Unique - Launchpad. SMEs in other industries. It has also had a direct impact on the creation of nearly 300 businesses and 700 jobs. The 2018 Tech Nation report showcases 14 tech companies from across the region that have recently completed DigitalCity’s three-month SCALE programme, which pairs entrepreneurs with a dedicated business mentor, with a cohort of another 13 currently underway. The DigitalCity Fellowship Accelerator provides funding and mentoring to accelerate