Construction work on a new £6m deep tech incubator in the heart of Bristol has passed the halfway mark, and will create a new location for the next generation of science and engineering companies in the city.
science makesThe new incubator is being built in partnership with University of Bristol and a. Supported by £1.5m grant from Research England. It deals with the university Temple Quarter Enterprise Campus Development, which is expected to provide an estimated £626m of employment and financial benefits to the regional economy over the next decade.
Dr. Harry Destecroix, Founder and CEO of Science Creates, says, “Bristol has all the elements a science company needs to grow and be successful, but I learned firsthand that companies need to find the right ways to locate their business. The challenges we face in finding a location. By working with our partners, we look forward to opening our new home for deep tech companies working on great challenges ranging from improving healthcare to improving the environment around us. Is doing.
You . can learn more about Science makes up by checking out this profile On his mission and journey, including information on his Deep Tech Fund. To learn about other big deep tech investors, check out our article Here.
Deep tech incubator unveiled
Due to open in November 2021, the new space will provide 15 laboratories, offices, a community outreach ‘learning lab’ and event space in a 30,000-square-foot former stable warehouse. The project will be able to locate an estimated 250 high-value jobs City Center Temple Quarter, an area that is undergoing Bristol’s largest redevelopment in living memory.
Professor Hugh Brady, Vice-Chancellor and President of the University of Bristol, comments, “As we fight the pandemic and rely on scientific discoveries that have led to new COVID-19 treatments and vaccines, this new partnership is an opportunity to invest in research and facilities. reflects our commitment. Which underlines such significant successes. It is also a significant milestone for the University and Science develops an inspiring new facility where universities and businesses work together on solutions to global challenges, at a time when they are needed most.
It is clear to see that the Science Creates team is passionate about bringing the right people together to facilitate incredible innovation since its conception, helping startups overcome issues like these. commercializing their ideas and Raising finance for niche technologies.
Science Creates Lead Designer Patrick Fallon emphasized the important role played by the local community in the design of the space, “It was a pleasure to work with the local community and incorporate the aspirations of the Old Market neighborhood plan into our design. We designed the space. Wanting to be accessible and inviting, we have therefore created an active façade for Midland Road, which opens to the front and traces the entrance to the city, putting science front and center.”
Bristol is seen as an attractive prospect for company founders and investors, although the limited availability of specialized incubator space has historically limited growth for deep tech companies. Science Creates first incubator (formerly called Unit DX) in St. Philips had a waiting list shortly after it opened, reflecting a growing demand for dedicated space for start-ups and university spin-out companies.
Dr John Hunt, Director of Research and Enterprise Development at the University of Bristol, said: “This is an extremely exciting moment. Our relationship with ScienceCreates has grown to a new level when we received a £1.5 million capital grant from Research England to help us allow them to co-invest in their expansion plans. The grant also established a ‘University Enterprise Zone’ which is linked to Temple Quarter Enterprise Zone. The last two years of close collaboration with Science Creates has grown beyond our office-based engine shed incubator, into science and engineering spin outs requiring laboratory space.
“We would like to thank Research England and other partners for their support and investments that have helped enable this important project to flourish.”
This project is already attracting attention and it has been shortlisted for scheme award in the place making theme and in the category promoting economic development.
Disclaimer: The opinions expressed within this article are the personal opinions of the author. The facts and opinions appearing in the article do not reflect the views of knews.uk and knews.uk does not assume any responsibility or liability for the same.