Plexal and Here East have announced a new partnership with Texas-based entrepreneur campus, Capital Factory.
The partnership will seek to open up expansion opportunities between their communities with a strong focus on advanced startups and SMEs, and to improve connectivity between their corporate partners. The agreement was made during SXSW (South by South West), with both parties signing MOUs and thus linking the London and Austin tech and creative industries.
Plexal, the innovation centre situated in Here East, and Here East itself will subsequently act as an entry-point for US startup’s looking to expand into the UK and Europe, and Capital Factory will provide support for UK based companies who are looking to enter the US through Austin Texas.
The agreement enables startup executives at each facility to hot-desk at the offices of the other when visiting London or Austin/Dallas. In addition to this, expanding companies will also be able to apply for accelerator programmes and support services when looking to cross the Atlantic.
This partnership will intensify the international relationship between the US and the UK, with the organisations pledging to explore collaboration opportunities around their respective corporate and startup innovation programs in areas such as cyber-security/defense, mobility, diversity and inclusion, and education.
Gavin Poole, CEO of Here East commented: “Executing this MOU solidifies the important strategic relationship that has already evolved between the Here East / Plexal and Capital Factory teams over the past several years with many exchange visits already happening in London and Austin, and more planned during 2019.
“Great Britain always has had one of the largest delegations at SXSW running a variety of activations over recent years including Great Britain House, Hackney House Austin, the British Music Embassy, British Underground and other programs. Here East has often been a sponsor of those events even prior to opening our doors in 2017 after a massive 5-year redevelopment of our facility following the Olympics.”