A panel of local experts explored the tech innovation potential in Norfolk and Suffolk.
- The discussion was part of a follow-up to a regional tech report released in partnership with KPMG.
- Experts identified key factors, such as universities and politics, impacting tech growth.
- Joe Faulkner highlighted the ‘halo effect’ of successful tech companies in the region.
- Panellists emphasised the need for entrepreneurship irrespective of government support.
In a recent panel discussion, a group of local experts came together to explore the innovative potential within the tech industries of Norfolk and Suffolk. This gathering was a response to a previously released regional tech report, created in collaboration with KPMG, which aimed to spotlight the burgeoning tech scene in these areas.
The panel convened at the Norwich University of the Arts, where they dissected the current state and future possibilities of local technology sectors. They discussed strategies to not only enhance the region’s reputation nationally but also globally.
Joe Faulkner, a senior partner at KPMG for East Anglia, spoke about the ‘halo effect’ that successful local tech companies bring to the region. He suggested that more visible examples of high-profile successes, such as IPOs, could lend additional prestige to Norfolk and Suffolk. ‘There is momentum behind the tech scene,’ Faulkner remarked, noting that confidence breeds further success in scaling businesses.
A critical aspect discussed was the role of universities in fostering tech innovation. Tim Robinson from Tech East pointed out that despite the pressures on higher education, the exchange of knowledge between universities and businesses remains a potent driver of growth. However, the challenge lies in overcoming the perception that academic-business partnerships are too risky and in ensuring that innovation receives the attention it deserves.
Political fragmentation was also highlighted as a key challenge. Tom Wood of Akcela described Norfolk’s political landscape as historically complicated, potentially hindering resource allocation. With a mixed political representation, it is hoped that diverse ideas will better support the region’s tech ambitions. However, Tim Robinson noted that the lack of devolved political power has left the region at a disadvantage compared to areas with elected local authorities.
Despite these challenges, the panellists agreed that reliance on governmental support should not stifle entrepreneurship. Sarah Mintey, founder of Developing Experts, urged tech entrepreneurs to seek industry collaborations and self-funding opportunities rather than waiting on government grants.
The panel highlighted the substantial opportunities for tech growth in Norfolk and Suffolk, advocating for continued innovation and self-reliance.
