Tech company sets up R&D in Exeter as Silicon Valley parallel

July 12, 2013 by
Filed under: News 

Technology company Blur Group is to set up a new R&D centre in Exeter as it said the South West shares the same characteristics for tech clusters as Silicon Valley.

The London company, which develops an e-commerce platform, said it has chosen to establish an R&D centre in Exeter as it is in a “prime position” to become the UK’s leading tech region.

Blur highlighted the area’s universities, track record in innovation and amount of investment secured for start-ups in the region as the main reasons for its choice of location. “The South West combines innovation and technology excellence, a great mix of universities with both academic and venture focus, and an established reputation in attracting hi-tech firms while providing great incubation and support for earlier stage business,” said Blur chief executive Philip Letts. “”It’s a combination that has worked well for the US and has the potential to do the same in the UK.”

“Choosing this location was very straightforward. In doing so, we’ve received exactly the kind of support from local universities and the county council that reinforces why the South-West will assume the UK tech cluster crown,” he said. “And one ingredient that everyone overlooks in finding the next Silicon Valley was pointed out to me on the first day of my tenure in the Valley – and is very prevalent here – the sea.”

Councillor Andrew Leadbetter, Devon County Council cabinet member for economy and growth, added: “It’s a great story for Devon when successful UK tech ventures decide to locate here and proves our superb infrastructure is teed up for this kind of business.

Blur is headquartered in West London and also has an office in Dallas. It floated on AIM in October.

via Insider News South West – Tech company to set up Exeter site.

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