Science Creates secures £8.5m for third deep tech incubator to support UK spinouts
Summary
The investment, backed by Research England, part of UKRI, and the University of Bristol, marks a significant stride in fostering innovation and supporting university spinouts geared towards steering the fourth industrial revolution.The announcement comes two 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.Bristols growing status as a deep tech hub positions the city to rival well-established counterparts like the golden triangle and actively contribute to the governments ambitious vision of establishing the UK as a science and technology powerhouse.From next year, the new 30,000 sq. Facilities include ducted fume cupboards, containment level two labs, a new dedicated AI server capability connectivity and high-speed internet.The third incubator will increase its state-of-the-art facilities by over 65% to 75,000 sq ft. Just two years ago, Science Creates opened its Bristol Old Market deep tech incubator with support from UKRI and the University of Bristol. Its facilities provide essential R&D space and support to some of the UKs most promising quantum and biotech companies including delta g, QLM, Scarlet Therapeutics and Imophoron.Harry Destecroix, founder of one of the UKs most successful spin-outs (Ziylo), and founder of the Science Creates ecosystem, said: We founded Science Creates in 2015, just one year after spinning out Ziylo, because the biggest barrier we faced was access to advanced research facilities. The new incubator, located in the heart of our new Temple Quarter Enterprise Campus, will help create the next generation of deep tech spin-outs, in quantum, cyber, engineering biology and much more. Its fantastic to see the diverse set of companies across the Science Creates ecosystem, from life sciences to quantum and semiconductors, beginning to adopt it both in their core technologies and to help scale their businesses.This major network overhaul will ensure the security, connectivity and bandwidth is there to directly connect to powerful external AI services, such as OpenAI or the recently announced \xa3225 million investment to create UKs most powerful supercomputer in Bristol for AI.