Innovation centre at East London’s Olympic Park will support up to 500 sport, health, fashion, design and Internet of Things start-ups. The 1.2 million square foot Here East campus is set to become home to Europe’s largest technology innovation centre as part of a joint venture between DV4, Delancey’s evergreen investment fund and ENTIQ.

The centre will provide a range of services to its members including accelerator and incubation programmes, practical entrepreneurship education, prototyping facilities and a technology lab, as well as access to funding opportunities. The site will be able to support 500 on-site members, with the capacity to expand scaling firms into other space. After a soft launch in October, the centre will open fully in January 2017.

Sadiq Khan, mayor of London, commented: “I am committed to helping London become a world-leading tech hub and removing the barriers to its growth. London’s digital technology sector supports almost 200,000 jobs and will generate a massive £18bn for the capital’s economy this year.

“This Innovation Centre will be a big boost to the sector and provide a hub for exciting new innovation”, Claire Cockerton, ENTIQ founder and CEO of the new innovation centre. “Our business values are firmly rooted in the local and Olympic history: creativity and making, multi-disciplinary working, inclusivity and internationalism, and we will remain a launch pad for British-based scale-up businesses and a soft landing pad for companies coming to the UK for the first time.”

This article was originally published in Startups.co.uk.