Local experts have come together to discuss the future of Norfolk and Suffolk’s tech industry.
- A recent panel focused on boosting Norfolk and Suffolk’s tech capabilities was hosted at Norwich University of the Arts.
- The impact of universities and the political landscape were key topics discussed by the panelists.
- High-profile successes in the region are seen as essential for future tech growth and prestige.
- Challenges in funding and political fragmentation were highlighted as major obstacles.
In September 2024, a gathering of local experts took place at Norwich University of the Arts to discuss the advancement of Norfolk and Suffolk’s tech industries. There was a shared belief that local communities need to harness their potential to elevate both national and global standings, a sentiment echoed throughout the panel discussion.
One significant point raised was the potential ‘halo effect’ of regional tech successes like Epos Now and Developing Experts. Joe Faulkner from KPMG emphasized the impact that high-profile successes and IPOs could have, potentially boosting the region’s prestige. Faulkner remarked on the importance of ensuring businesses have the capability to scale and compete, thereby increasing confidence within the tech community.
The role of universities in driving innovation was another focus area. Tim Robinson from Tech East highlighted the pressure on higher education institutions to expand programs that promote knowledge exchange with businesses. However, he noted a challenge in aligning academic goals with business interests, as some university officials view spinouts as too risky.
Political challenges were also addressed, with Tom Wood from Akcela pointing out the complicated political landscape of Norfolk being historically described as a ‘red city in a blue county’. This has led to resource allocation issues and a lack of devolved local politics, limiting growth opportunities. Sarah Mintey from Developing Experts advised entrepreneurs to actively seek funding and industry partnerships independently of government support.
The discussions underscored the need for collective action from educational institutions, government bodies, and tech companies to overcome these challenges. Only through proactive measures can the region fully realize its tech potential.
The tech future of Norfolk and Suffolk lies in collaboration and proactive measures to overcome existing challenges.
