Google has revealed that its Campus London project in Tech City now boasts 10,000 members, as it celebrates its first year anniversary.
The seven-storey tech start-up hub first opened its doors in April 2012, offering start-ups located in east London flexible workspaces, along with weekly mentoring programmes, speaker series and networking events. Campus London residents also gain access to Google staff, as well as entrepreneurs, business leaders and lawyers. Google said its Campus now permanently houses more than 100 young companies and has hosted more than 850 events for 60,000 guests.
"Campus has exceeded all expectations in its first year. The second you walk into the building, you can't fail to feel the buzz and energy," said Matt Brittin, Google European vice president.
"As a Londoner, there's no doubt in my mind that something very special is happening at Campus and in London, and we're delighted to be playing a role in it."
Google also released the findings of research it carried into start-ups based on its campus, showing that on average the businesses had grown their employee count by a quarter in the past 12 months.
Chancellor George Osborne, who officially opened up the Campus, said he was pleased the building was already showing success. "It's great that startups in tech city are confident, growing and creating jobs," he added.
According to the Google research, 88 percent of Campus start-ups have a positive outlook on their chances of success, with one in four already moving on to bigger facilities to house their growing businesses.
Technology-based start-ups make up 59 percent of business activity in the Campus, while another 15 percent of start-ups are in the areas of communications and entertainment. The typical Campus member is relatively young, between 25 and 35 years old, especially compared to the average age of Tech City employees in general, which is 36 years old.
Meanwhile, although British is the predominant nationality at the Campus, 22 other nationalities are presented, with a particularly strong presence of Americans, Australians, French, Italians and Germans.
Google's Campus has partnered with a number of recognised London start-up programmes, including Seedcamp, Techhub, Springboard and Central Working.
The success of Campus touted by Google will no doubt form part of the firm's strategy for dealing with issues of corporation tax payments. Executive chairman Eric Schmidt earlier defended the firm's payments by noting the economic impact of Google on the UK economy.
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