Suffolk innovation hub secures £110,000 to boost diversity in local tech sector
Innovation Labs Group (iLabs) has been awarded a £110,000 grant to scale support for digital tech startups in Suffolk, focusing on increasing diversity in the sector.
Why it matters: The funding aims to create more opportunities for Suffolk-based founders, particularly those from disadvantaged backgrounds or underrepresented groups who may be more likely to struggle to launch their ventures.
The big picture: The grant, part of the Ecosystem Partnership Programme, seeks to address the lack of startup incubators in the East of England and promote a more inclusive tech ecosystem.
Key details:
- The funding will support ‘The Future’ project, developing stronger connections between experienced entrepreneurs and the next generation of diverse regional startups
- iLabs plans to identify, engage, and support early-stage startups from underrepresented groups
- Since 2019, iLabs has supported several emerging Suffolk businesses, including Queue Pay, Guided Innovation, and West View IT
What they’re saying:
- Peter Basford, iLabs founder: “The latest funding is a huge vote of confidence in Innovation Labs and its mission to create an environment that allows more Suffolk-based founders to start businesses that grow and thrive in this region.”
- Amanda Allan, Barclays Eagle Labs Director: “We are proud to be able to support such projects, which are designed to help early-stage tech entrepreneurs.”
By the numbers:
- iLabs has five locations across Suffolk and Norfolk, plus one in Kuala Lumpur
- The innovation hub was founded in 2019 by Peter Brady, Peter Basford, and Hermione Way
The bottom line: This investment provides an opportunity to boost diversity in Suffolk’s tech startup scene, creating more jobs and attracting a wider range of talent to the area.
How to apply: Contact iLabs to learn more and discuss your eligibility.
