Canary Wharf Group expands Level39 tech startup space for fintech, retail and smart city entrepreneurs

 
Lynsey Barber
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More startup space added at Canary Wharf (Source: Getty)

Canary Wharf’s tech startup space, Level 39, is taking on additional space at One Canada Square to house entrepreneurs focused on developing technology in the fintech, retail and smart city sector.

Accenture’s 2015 Fintech Innovation Lab is the first to be housed in the new space and will be joined by another 36 companies taking part in Canary Wharf Group’s Cognicity Challenge, to develop technology which makes cities smarter.

The additional 25,000 sq ft of space on the 24th floor brings the total space at Level39 to 80,000 sq ft over three floors. The incubator already houses 160 young tech companies.

Level39 head Eric Van der Kleij said “This second high growth space, which has opened within two years of Level39's launch, is our third complete floor and underscores Canary Wharf's leading position as part of London's growing status as a global technology company hub.”

The new space is aimed at high growth companies of eight or more staff and will also house those graduating from Level39’s accelerator programme.

The group’s first high growth space on the 42nd floor, which opened in September 2013, already houses a number of growing startups which matured from the Level 39 accelerator programme.

Startups already based there include Fingenius, a company providing artificial intelligence to the financial industry, Kusiri, a forensic research firm analysing fraud and compliance and alternative finance provider AMP.

It’s the third year in a row Accenture has decided to base its fintech innovation lab at the Canary Wharf space.

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