I mentioned the Peter Principle in a previous post, being the idea that in any organisation, people rise to the level of their own incompetence.
This got me thinking a bit and so I actually looked up the phrase in Wikipedia
Not quite. But this piece from the BBC “Newcastle startup scene reaches ‘critical mass’” is quite edifying.
Apparently, “Newcastle has quietly built a reputation among entrepreneurs as the place to launch their businesses.” A far cry from seacoal and other such stuff that made the city what it was when Britain was the wealthiest nation in the world.
A city once dominated by heavy industry offers not just an alternative, but for a growing number it is the preferred location over an over-crowded capital.
Which is also quite heartening. We are so fixated on London and the South East that we forget that there are other bits of Britain somewhere around the map.
The report mentions a £1m accelerator programme, Ignite 100 – haven’t a clue what that means, but here is the website for anyone interested: