An extra £1million of investment is being offered to digital businesses in East London as part of a government backed initiative to encourage greater collaboration between businesses in the area. The funding is being made available by the Technology Strategy Board, a government run agency which aims to increase economic growth by supporting technology development in UK businesses. The move has doubled the funding which was already being made available through the agency’s Tech City Launchpad initiative, which offered grants of £100,000 to innovative and creative businesses in the region. When the initiative launched in April this year it received 200 applicants. This funding will enable 20 of those applicants to develop their ideas further. Related Posts:Half of small business[…]