Tech City Funding Pulled

tech city

Digital Dave’s pet technology quango Tech City is on the verge of having its funding pulled following a rift between the Department of Business, Innovation and Skills and Joanna Shields, the chair of Tech City UK. According to Tech World, BIS have finally had enough of dolling out £2 million of taxpayer cash a year to what has turned out to be nothing more than an expensive PR project.

Astonishingly, Innovate UK, another BIS quango will fund Tech City out of their £400m budget. Is there no way to unhook them from the state’s teat?

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Quote of the Day

Dr Alexander Kogan, the app developer who originally harvested the Facebook data, said…

“I think what Cambridge Analytica has tried to sell is magic and made claims this is incredibly accurate and it tells you everything there is to tell about you. But I think the reality is it’s not that. If you sit down and you really work through the statistics and you think what does a correlation of point three means, those claims quickly fall apart. And that’s something any person with a statistical background can go and do.”


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