UK university spin-outs have received a boost as Science Creates seals a £8.5 million deal to open its third state-of-the-art deep tech incubator in Bristol.
The investment, backed by Research England, part of UKRI, and the University of Bristol, marks a significant stride in fostering innovation and supporting university spin-outs geared towards steering the Fourth Industrial Revolution.
The announcement comes weeks after the UK government published its review of spin-out companies, which also outlines its plans to create a leading innovation ecosystem it hopes will surpass the model of Silicon Valley.
Bristol’s growing status as a deep tech hub positions the city to rival well-established counterparts like the golden triangle and actively contribute to the government’s ambitious vision of establishing the UK as a science and technology powerhouse.
From next year, the new 30,000 sq ft building will provide capacity to incubate approximately 275 new companies from West of England universities and beyond. Specifically, it will accommodate spin-outs which are making the next groundbreaking discoveries in quantum and engineering biology. Facilities include ducted fume cupboards, containment level two labs, new dedicated AI server capability connectivity and high-speed Internet.
Dr Jon Hunt, the University of Bristol’s Executive Director for Research, Enterprise & Innovation, said: “The University of Bristol is a great powerhouse for spin-outs. This success is attributable to excellent research by world class academics combined with a high-quality research commercialisation team and a vibrant, entrepreneurial ecosystem.”
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