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.
Click below to share this article