Blenheim Chalcot, a digital venture builder in the UK and Imperial College London, a globally top ranked university welcomed its first business members to Scale Space on Imperial’s White City campus this week.
This new 200,000ft2 facility, will be home to leading scale ups and innovative businesses across the technology, digital and life-sciences sectors. Scale Space will formally launch in September after its first round of business members have moved in.
These first businesses include some truly innovative and high growth brands. They include DNAe, the company harnessing next generation sequencing (NGS) to develop rapid clinical diagnostics for the point of need, alongside businesses backed by Blenheim Chalcot, including Salary Finance, who partner with employers to help employees improve their lives by improving their finances and Modulr, the fast-growing Payments as a Service API platform.
Scale Space is more than just a state-of-the-art office building. It is an entirely new concept that brings Blenheim Chalcot’s venture building expertise together with world leading universities to help scaling businesses grow effectively by connecting them with the right people, services, space and resources.
Blenheim Chalcot’s partnership with Imperial College creates the first Scale Space, designed to help the UK’s scale-up sector overcome growth challenges and secure the right support at the right time to grow effectively. While the scale-up sector is growing at 23% and contributing £97bn to the UK economy, fewer than 3% of businesses make it past their first decade.
Scale Space will help its members overcome these challenges and scale for long term success. It will do this by creating a growth community, connecting businesses together for mutual benefit, knowledge sharing and to help them draw on the specific skills and expertise within Blenheim Chalcot and its university partners. This will be delivered via a structured range of services accessed within the building or online.
The services for Scale Space White City are:
- Expert Know-How: Scale Space will help its members speed their development by helping them draw on the knowledge and growth processes followed by other successful scaling businesses as well as research from The Scale Up Institute and academic thought leadership from Imperial College London as well as other experts.
- The Growth Network: Scale Space will help its members connect into its network of venture builders, academics, researchers, tech leaders and scale up leaders. Regular Scale Space member get togethers will help to build a collegiate environment of peer-to-peer support.
- Scale-up services: Scale Space will provide its members with access to specialist services and expertise. This will include monthly talent clinics to help businesses draw on talent from across Scale Space’s university network and talent partners. These services range from student placements to specific advice and paid for consultancy from growth specialists across HR, legal, tax and governance, through to specific projects delivered for companies by the Imperial College entrepreneurial student network, including MBA students.
- Space tailored for growth: Companies can curate the space they need to grow, ranging from fully fitted offices to research labs or office suites – and across a range of models from long-term traditional leases to flexible managed services.
Mark Sanders, Executive Chairman, Scale Space said: “So much has been said about access to space, and while this is important it does not begin to address the challenges that growing businesses face as they scale. Our approach is entirely new. By linking Blenheim Chalcot’s venture building expertise together with the know-how and talent from world leading universities we not only provide space, but bring much needed support for scaling businesses, helping them unlock their full potential.”
Professor Alice Gast, President of Imperial College London said: “We see our White City campus as a place where the best of business comes together with the best research and talent from Imperial College London to help create the enterprises of the future.
“We’re excited about Scale Space and the partnership with Blenheim Chalcot as we know how critical scaling up is to early-stage startups. It’s wonderful to have our academic community directly engaged in this important ecosystem.”
Manoj Badale, Co-founder, Blenheim Chalcot, said: “One of the biggest challenges scale up companies face is sourcing talent that can think disruptively and drive innovation. For the first time, Scale Space White City will unlock this critical advantage for scaling businesses.
“Together with the right environment, resources and connections Scale Space will help drive forward UK innovation and growth at a time when start-ups and scale-ups have a crucial role to play in the UK’s economic recovery.”