Amazon opens R&D centre near Barbican
As TechCrunch’s Mike Butcher puts it:
But Amazon’s arrival is significant, not because of the name but because of what they will do: engineering development. Now, I don’t want to sound ungrateful, but until now many of the initiatives in the East London tech cluster have focused around, well, initiatives. What’s been more important has been the development of the underlying core strength of companies: companies like Moo, Songkick, Mind Candy’s MoshiMonsters, and the like.
It’s clear now that the cluster is developing core “Anchor Tenants”. These are the companies around which any cluster can really start to thrive because they employ large engineering teams, out of which new innovations grow, new companies are born, exits are made and investments are re-cycled back.
Let the cycle continue…