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Open Data Institute to open this week, highlighting big data innovation in the UK

TNW - The Open Data Institute (ODI) officially opens this week and it is “a collaboration between businesses, entrepreneurs, researchers, government and society to unlock enterprise and social value from the vast amount of open government data now being made available”.

That’s quite a mouthful – put plainly, there’s a truck load of open data around, so let’s have at it and see what we can do.

The organisation has some pretty weighty founders, father of the web, Sir Tim Berners-Lee and Professor Nigel Shadbolt, Professor of Computer Science at the University of Southampton, created it to be independent, non-profit and non-partisan.

So far the ODI has nailed down £10 million ($16m+ USD) over five years from the UK government via the Technology Strategy Board, which invests in tech research and development, and a further $750,000 fromOmidyar Network, the philanthropic investment firm. The organisation is also working toward long-term sustainability through match funding and direct revenue.