Level 39 Raise Their Game: Incubator Secures 15,000 sq. ft.
Canary Wharf’s tech cluster continues to expand as its celebrated incubator, Level 39, takes an additional floor in One Canada Square.
Open in 2012 by Boris Johnson, Level 39 has led the way in the creation of a Fin Tech cluster located in the heart of London’s finance district. The addition of another eleven companies to the organisation is a reflection of the development of Canary Wharf as an increasingly attractive cluster. Focusing primarily on retail, smart city technology and financial start-ups, Level 39 is perfectly positioned to access market leaders and potential consumers.
These sub-clusters are becoming increasingly prevalent in the capital, with social media giants Facebook and Twitter positioning themselves near Kings Cross alongside Google. Rumours of emerging positions further East (notably Hackney Wick) continue to preoccupy speculators, and time will tell as to where Tech City branches to next.
As with the position of the original ‘Silicon Roundabout’ cluster, Canary Wharf offers fantastic to financial districts, as well as a variety of global leaders that may become clients in the future. Level 39 has worked hard to develop a community around One Canada Square for its start-ups, with regular events and a network web that includes mentors and business leaders as well as VCs and angels. The result – an inspiration work space that lends itself to innovation and development.
By taking expanding to include Level 42 (the floor, rather than the 1980’s pop band from the Isle of Wight), the accelerator has made a clear signal of intent. The foundations have been laid for a hugely exciting and productive time for the organisation, and Shoreditch Office Space will be following their success closely.
Shoreditch Office Space continue to monitor the property markets across Tech City, and can offer expert advice if you’re thinking about joining the expanding cluster. For more information, please contact [email protected]