The West Midlands technology industry is poised for expansion thanks to a notable £1 million investment directed into five strategic tech initiatives. This infusion of funds, as announced at the third annual West Midlands Tech Review organized by TechWM, aims to power the growth of AI, green technology, and digital skills. The allocation of the funds includes £200,000 from RBC Brewin Dolphin for investor engagement, another £200,000 towards a green tech innovation challenge sponsored by Plug and Play, £160,000 supporting an AI Centre of Excellence facilitated by AND Digital, £140,000 dedicated to setting up a Digital Skills Consortium and £300,000 earmarked for the Tech Connect Project. These projects collectively aspire to elevate the West Midlands’ global tech industry visibility, driving towards becoming a recognized global tech superpower. In conjunction with these monetary allocations, the event also marked the announcement of a strategic partnership between TechWM and techUK, further solidifying the region’s commitment to tech sector growth. Over the recent periods, the West Midlands tech industry has seen accelerated growth rates, being acknowledged as one of the best-funded regional ecosystems in the past year. Participants like Simon Walsh, CEO of OneAdvanced, underscore the region’s impactful potential not only on the local economy but also at a national level.

Information Technology, Education and Training Services, Investment Services,West Midlands, United Kingdom

West Midlands tech ecosystem gets £1m boost