A £30m data innovation centre to be built by Newcastle University will help to create 1,000 jobs in the region’s booming tech sector, it has been claimed.
Chancellor George Osborne announced £15m of funding for a National Institute for Smart Data Innovation (NISDI) in the Budget, and the university will match-fund that figure.
The centre, which see the local businesses working with world-leading academics, aims to develop the skills, ideas and resources needed to exploit the opportunities offered by the explosion in digital data.
The project has developed from an initiative proposed by Dynamo, an umbrella group for the North East’s technology sector.
Last June, the region’s tech network called for the establishment of a Northern Institute of Technology and developed a case for the benefits to the region of leading in the Information Revolution.