UK law firm plans to open tech incubator
OK. Now everyone is getting into the tech incubator business. The website thelawyer.com today reported that Wiggin, a British law firm, is planning to launch a technology incubator at Tech City, a technology hub in east London. Wiggins specializes in media law. The idea is to sponsor a cohort of 5 companies every three months.
“We realised there was a real need to grow the next generation of media businesses,” Miles Ketley, a partner in the law firm, told The Lawyer earlier this year. “[A tech-incubator] could future-proof our business and our future clients’ business.”
They plan to launch as early as the first quarter of 2013.
The as-yet unnamed incubator may be managed by Ariel Ventures, Wiggin’s entrepreneurial arm. No word about the level of financial support or other services that the incubator would provide.
We've written about Tech City several times before, including http://acceleratorgazette.com/content/vodaphone-opening-incubation-cente...
Is this another sign that the incubator bubble may be about to burst? See our quote of the day: http://acceleratorgazette.com/content/quote-day-28-october-2012. Honest-- it's just coincidence that this article and the quote happened on the same day.