Stirling Council has agreed a partnership with Edinburgh-based Codebase. Europe’s largest technology incubator has been considering expansion across the UK and had been looking at several cities. It has selected Stirling as its second location because of the city’s growing tech sector and the potential of commercialising research at Stirling University.
“Codebase Stirling [will] focus on engaging Stirling’s diverse communities, growing the talent base, increasing levels of entrepreneurialism and being a magnet for highly skilled people and investors from across the globe,” said a report to councillors last month. “This would unlock innovation and allow partners to set a shared agenda and ambitious targets for driving social value.”
A target has been set for Codebase to support the creation of 1,000 jobs in Stirling’s tech sector over 10 years. Codebase in Edinburgh is home to 90-plus start-ups employing more than 600 people.The new incubator will be based at Stirling’s Muncipal Buildings which have recently been converted into a digital hub.
The report added: “The digital hub and Codebase Stirling [will] drive the development of the wider Digital District which would bring several buildings into play as quality office space for digital technology businesses.”
The deal with Stirling follows the announcement at the end of last year that CodeBase has partnered with Accelerated Digital Ventures (ADV), a funding platform backed by the British Business Bank, Legal & General and Woodford Investment Management. Under agreement, CodeBase will expand across “multiple cities” to provide support to firms in which ADV invests.