Lee Valley Business Innovation Centre example essay topic
Europe's most successful Business Innovation Centre Crucial to Enfield's strategy is its support for innovation. The Lee Valley Business Innovation Centre (BIC) is one of a network of 105 BIC's across Europe. Its principal task is to provide an environment where specialist support and expertise is always close at hand; targetting European funds towards new and existing firms with innovative people and products. Such has been the success of the BIC to date that EC Commissioner Monk Wulf-Mathias recently announced that the Lee Valley BIC is now the "fastest growing and most successful Business Innovation Centre ever created". The BIC has already supported the launch of more than 40 innovative new businesses; each with a focus on new technology - in environmental systems, optical products, vending, photography, furniture manufacture, biotechnology and communications.
21st Century communications When work on the Lee Valley Teleregion, a 155 Mb intranet communication infrastructure, is completed this year, businesses in Enfield will have access to one of the world's fastest, high capacity data communication systems; capable of delivering video, audio and digital data simultaneously and at very high speed. The area already boasts a high concentration of telecommunications users - with a wide range of companies engaged in data processing, research, medical technology, internet services and electronic commerce; each feeding an ever - increasing demand in the region for enhanced IT capabilities. The Lee Valley Teleregion will enable Enfield's businesses to take advantage of the most up-to-date academic research; giving access to some of the brightest people and a vast range of digital communication technologies, including television, multi media production and distribution, audio-visual production, audio and video conferencing and data services..