Deep tech incubator Science Creates has secured £8.5m to open a third facility in Bristol for spinouts operating in areas including quantum computing and bioengineering.
The new incubator will be located at the Temple Quarter Enterprise Campus in Bristol and provide research and lab space to around 275 spinout companies.
Investment for the incubator was provided by Research England – which is part of UKRI, the government’s research agency – and the University of Bristol.
When the site opens next year, it will increase Create Science’s total incubator space by 65% to 75,000 sq ft.
Founded in 2015, Science Creates provides incubators, investment and business support to deep tech spinouts from the South West of England.
“UK spinouts are, and will be, driving the fourth industrial revolution,” said Harry Destecroix, founder of spinout Ziylo and founder of the Science Creates ecosystem.
“All we want to do is help world-class engineers and scientists who have discovered important technological breakthroughs, to build impactful deep tech companies. This will improve the health of the human race and the health of our planet. The additional physical infrastructure will allow deep tech companies to scale and emerge.”
The new 30,000 sq ft building will be the third opened by Science Creates. It opened its first site at St Phillips in 2017 and second in Old Market in 2021.
“The new incubator, located in the heart of our new Temple Quarter Enterprise Campus, will help create the next generation of deep tech spinouts, in quantum, cyber, engineering biology and much more,” said Dr Jon Hunt, the University of Bristol’s executive director for research, enterprise and innovation.
“I hope and expect many of these companies will thrive and grow to help us deliver on our mission to make a positive impact locally, nationally, and globally by addressing society’s greatest challenges.”
In 2020 Science Creates launched an early-stage VC branch, called SCVC, plus accelerators in 2023 in partnership with UKRI.
It marks the latest boost for Bristol’s tech ecosystem after the government said the city would become home to “one of the most powerful supercomputers in Europe”.
The supercomputer will be used to train large language models, the subset of artificial intelligence deployed in systems like advanced chatbot ChatGPT.
The incubator follows the publication of the UK’s spinout review, which was widely welcomed by both universities and investors.
Read more: Bristol and Bath regional tech report