Update about London's Level39 accelerator

We recently wrote about the new Level39 accelerator that's planned to open in January at Canary Wharf in London. In the article,we wondered aloud how affordable the space would be for starving startups. We received an email from Sarah Bishell who told us:

"A key driver behind the project is to make Canary Wharf more accessible for startups and as such, the Group will be heavily subsidising the space. In the long-term, it is hoped that Level 39’s occupiers will outgrow the space and find homes elsewhere at Canary Wharf, taking advantage of world-class, bespoke office technology and very close proximity to new business, talent and investment."

So that's good news for startups contemplating applying to Level39 -- a supurb location at a hopefully affordable subsidized cost. Thanks to Sarah for clarifying this.