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Flipping the innovation process

The recent announcement that Cisco is investing £310m in the East London Tech City to build two networked Innovation Centres deserves considerably more plaudits than it has received so far. Here’s why.

Cameron’s Silicon Roundabout will not be political “puff” that came to nothing. It will now become reality.
We can all see how technology is changing everything, disrupting the way we used to do things. In the past, big technology projects were often initiated by government who had the funding (those were the days!). These innovations would be picked up by large corporates who would commercialise them and, eventually, the benefits would flow down to SMEs and consumers in the form of new products and services.

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