Katy Cowan recently reported that a new Open Data Institute is going to be established in London in order to “drive innovation and exploit the growth opportunities for the UK created by the government’s Open Data policy.” Cowan writes, “The government is to commit up to £10 million over five years to support the Open Data Institute (ODI), which will be co-directed by Professor Tim Berners-Lee and Professor Nigel Shadbolt. The ODI will be developed by the Technology Strategy Board and the implementation plan for the Institute will be published by the Technology Strategy Board by April 2012.”

Cowan continues, “Based in Shoreditch in East London, the ODI will involve businesses and academic institutions and will focus on innovation, commercialisation and the development of web standards to support the Open Data Agenda. It will ensure that Open Data research is transformed into commercial advantage for UK companies, work with academic centres to increase the number of trained personnel with extensive Open Data skills and provide expert advice for government.”

Commenting on the project, Iain Gray, Chief Executive of the Technology Strategy Board said, “It is a measure of the priority given by the government to Open Data that it has committed funding at this time to support the Open Data Institute through the Technology Strategy Board, in collaboration with industry and academic institutions. The new Institute will help to demonstrate the commercial value of public data and develop the capability of UK businesses to exploit this value, with support from academic institutions.”

Read more of Cowan’s report here.

Image: Courtesy Flickr/ TJ Morris