Science Creates open incubator for scientists-turned-entrepreneurs in Bristol
Information about Science Creates open incubator for scientists-turned-entrepreneurs in Bristol
Science Creates, the deep tech ecosystem that nurtures science and engineering start-ups and spin-outs, has today opened its second specialised incubator space in Bristol.
It will be home to a new generation of scientists-turned-
The incubator, which is located in Old Market in Bristol’s city centre, provides an additional 30,000 sq ft of state-of-the-art laboratories, offices and event space to support the growth of deep tech start-ups. Its opening follows the success of Science Creates’ first incubator in St Philips, which is at full capacity and has since earned a reputation in Bristol as the hub of science and engineering entrepreneurship. Both incubators, which are operated in partnership with the University of Bristol and Research England, bring Science Creates’ physical footprint to 45,000 sq ft, supporting around 100 companies, with the potential to create up to 450 jobs.
In 2020, Science Creates also launched a dedicated venture capital fund, Science Creates Ventures, which has gone on to lead numerous rounds and, together with the incubators, creates the ability for companies be more ambitious and to raise the capital they need.
Science Creates is already incubating some of the most exciting deep tech companies in the country which collectively raised £18.4 million in 2021. Some examples include:
- Imophoron – a University of Bristol biotech start-up developing a novel, next generation rapid-response vaccine platform. It has raised £4 million, led by Science Creates Ventures.
- CytoSeek – a University of Bristol spin-out developing new cell therapies to treat solid tumours. It raised £3.5 million in March, in a round led by Science Creates Ventures.
- KETS Quantum Security – also a spin-out from the University of Bristol, developing hardware to protect data from a new generation of cyberattacks that could use quantum computers to break through all existing encryption protections. It raised £3.1 million in August.
- QLM Technology – a start-up on a mission to help organisations reach net-zero emissions. Its quantum-inspired technology can detect large areas of emissions of methane and other key greenhouse gases from a safe distance. It raised £3.1 million in April.
“This is where Science Creates comes in. We have two purpose-built incubators, a venture capital firm funding early-stage start-ups, and a network of mentors and advisors with specific, relevant experience – all of which is vital for business development and innovation.”
Dr Xiao Ai, CTO and co-founder, says: “At QLM, we are innovating and developing technology to bring solutions to the critical problem of reducing emissions. All start-up companies need support, especially those developing hardware. To start and grow a software company, you often don’t need much physical infrastructure since it can all be done remotely and in the cloud. But engineering high-tech products like ours that combine software and analytics with photonics and electromechanical systems is a bigger challenge. We need specialised lab space, infrastructure, access to experienced professionals such as engineering contractors with specific expertise, and access to talent and collaborators from universities and research institutions. Science Creates has provided for all these critical needs and has enabled us to contribute to making Bristol a hub of innovation and technical product development.”
Professor Philip Taylor, Pro Vice-Chancellor of Research and Enterprise at the University of Bristol, says: “This new purpose-built incubator is a tremendous boost for the region. It is also testament to the remarkable mix of scientific talent, technological innovation and entrepreneurial growth we have in the city, underpinned by our Science Creates partners.
“As we face an unprecedented amount of global health and environmental challenges, it brings into sharp focus the importance of deep-tech incubators that can accelerate progress in the lab to deliver solutions to problems which have the potential to affect us all.”
Science Creates grew out of the original incubator which Harry set up in 2017 after discovering there was no home for science companies in the city. One of its first residents was Ziylo, a biotech working to develop one of the first smart insulins to help people suffering from diabetes. In 2018, it was purchased by pharmaceutical giant Novo Nordisk in a deal potentially worth $800 million. It was from this moment that Harry saw the opportunity to expand his incubator into an ecosystem that invests in and supports other exciting deep tech innovations.