Media boutique Wiggin has drafted plans to launch an incubator fostering technology start-ups in east London technology hub Tech City, with the aim of growing its own clients.
The firm plans to support five start-ups every three months in a bid to foster the next generation of technology companies.
“We realised there was a real need to grow the next generation of media businesses,” film and TV partner Miles Ketley told The Lawyer earlier this year. “[A tech-incubator] could future-proof our business and our future clients’ business.”
It is understood that the firm, which does not want to comment further while plans are in the early stages, has already started discussing the idea with technology partners, businesses and accountants with the aim of launching in the first quarter of 2013.
If the idea goes ahead it is expected to be managed by Wiggin’s entrepreneurial arm, Ariel Ventures, which, according to the firm’s website, is aimed at sourcing and delivering technology projects in partnership with start-ups and blue-chip businesses.
The extent to which Wiggin might support start-ups is not yet clear and the firm has not said if or how it might provide financial support.
The UK media boutique recently announced plans to open in Brussels (11 October 2012).