Experts convened to discuss enhancing Norfolk and Suffolk’s tech industry.
- A regional report highlights the tech potential in these areas.
- Local universities play a key role in driving innovation.
- Political dynamics present both challenges and opportunities.
- The need for proactive industry efforts was emphasised.
In a panel discussion, experts gathered to explore strategies to strengthen the tech industry in Norfolk and Suffolk. Released in September 2024, the regional tech report prepared by UKTN in partnership with KPMG, Connected Innovation, and Tech East has already cast a spotlight on the promising developments in these regions. The discussions aimed to further identify ways to harness the existing potential and elevate the local tech ecosystem.
The meeting was held at Norwich University of the Arts, a fitting venue as education was identified as a pivotal factor. Universities in the region can bolster innovation and growth by bridging knowledge gaps between academia and the business world. However, as Tim Robinson of Tech East pointed out, despite their potential, universities face difficulties. Expanding knowledge exchange programs can be a challenge due to academic pressures, but their impact on fostering growth is undeniable.
Norfolk and Suffolk have witnessed significant achievements like Epos Now and Developing Experts. According to Joe Faulkner from KPMG, the potential for tech companies in the area to progress to unicorn status or make a notable IPO is strong. He suggested that continued successes could create a ‘halo effect’, bringing confidence and momentum to local businesses.
Politics also plays a crucial role in shaping the tech landscape. Tom Wood of Akcela highlighted the unique political challenges of the region. Norwich’s positioning as a ‘red city in a blue county’ has historically created hurdles in resource allocation. The panel agreed that more cohesive policies could unlock fresh opportunities for growth. Tim Robinson noted the regions’ disadvantages due to a lack of devolved politics, which contrasts with other areas that enjoy more authoritative autonomy.
Despite these challenges, Sarah Mintey of Developing Experts advised entrepreneurs not to rely solely on governmental support. She encouraged finding self-driven solutions and collaborating with industry partners to overcome financial constraints. This proactive approach is seen as essential to driving growth amidst the political and institutional challenges.
Collaboration and innovation are key to advancing the tech landscape in Norfolk and Suffolk amidst existing challenges.
