North East IT Network Dynamo launches vision for a £95milliom technology institute

Delegates at the Dyanmo 15 conference.
Delegates at the Dyanmo 15 conference.
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North East IT Network Dynamo has launched its vision for a £95million Northern Institute for Technology and Business Exchange at an event on Wearside.

The ambitious plan was unveiled at Dynamo 15, an industry event held at the University of Sunderland and attended by more than 700 delegates – double last year’s number.

It’s all about creating innovation by bringing together ‘dream teams’ of regional talent to work together.

Dynamo chairman Charlie Hoult

Proposals include:

•creating 30 spin-out firms, employing more than 5,000 people;

•a headline budget of £95million:

•permanent staff of 20, with outside partners, collaborators and corporates adding more than 60 additional Fellows;

•creating an innovative new building with space for start-ups and testing;

•establishing a hub for ‘Supernetwork’ activity – industry initiatives across the key North East clusters of manufacturing, public service, automotive, health, offshore and renewables;

•and opening up a new skills ladder with 60 post-graduates, 100 degree students, and 200 apprentices or Further Education college places.

Dynamo chairman Charlie Hoult said: “NIT echoes the legendary Massachusetts Institute of Technology – MIT.

“It’s all about creating innovation by bringing together ‘dream teams’ of regional talent to work together, including in ‘sprints,’ in which academics, entrepreneurs and users collaborate to create breakthroughs, turning ideas into jobs and economic growth.”

Sunderland University’s Dr Alastair Irons said: “I can see opportunities for University of Sunderland to work on projects with Northern Institute of Technology, such as Cybersecurity, Big Data or Internet of Things.

“It’s a great way to engage business, students and users.”