Outsourcing giant Capita is sponsoring Edinburgh's CodeBase, one of the UK’s largest tech incubators, so that it can accommodate more startup businesses.
Launched in 2014, Codebase was set up to "build, nurture and grow the next generation of tech superstars." It is home to more than 50 startups that are said to have created 300 jobs.
Under the partnernership, Capita has agreed to fund CodeBase with an undisclosed amount of money so that the incubator can support at least 10 new startups, creating more than 100 jobs at Argyle House in Edinburgh.
Jamie Coleman, CEO and founder of CodeBase, said: “The partnership with Capita allows us to accelerate development at Argyle House as we continue to build a tech powerhouse in Edinburgh.
“Importantly, the partnership also brings the expertise of an international B2B group with world class know-how on enterprise software and access to Capita’s global networks for the companies housed at CodeBase - and already we are seeing support and collaboration as our startups strive to scale worldwide.”
The Scottish capital is on a mission to become one of the UK's leading tech hubs and is already home to fast-growing tech firms like fantasy sports giant FanDuel and travel booking platform Skyscanner.
Andy Parker, Capita chief executive, said: “CodeBase has succeeded in creating a superb grouping of innovative technology startups and we’re proud to be able to support its further expansion. In addition to funding, Capita will provide business support and much-needed market access for these businesses.
“Currently around 20 percent of our external spend is with SMEs - they bring us innovation and we help them strengthen and grow. As we improve our services across all of our key sectors, we continue to look for the highest standards of technology innovation and creativity. This new partnership provides the opportunity to maximise the contribution that smart, digital SMEs can make to our business.”
CodeBase recently announced plans to expand across Scotland, in Glasgow and Aberdeen, during 2015.
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