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Science Creates secures £8.5 million to build third deep tech incubator

Science Creates secures £8.5 million to build third deep tech incubator

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UK university spin-outs have received another 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.

At the end of 2023, 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.

The new 30,000 sq ft building will provide capacity to incubate approximately 275 new companies from West of England universities and beyond.

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