Reporter 437, 24 May 1999

Innovation centre to open in autumn

The newest addition to the campus skyline is poised to rise from the Western Campus. Work on the University’s new Innovation Centre, an ‘incubator’ for young, innovative companies spun off from University research is due to begin any day. The development also marks the first stage in the creation of a thriving ‘knowledge park’ which will allow companies to relocate close to, and benefit from University activities. When the new centre opens in the autumn next to the new Leeds University Business School it will have space and facilities to support up to thirty new spin-off companies. Professor Tony May, Pro-Vice-Chancellor for research, said the office and computer facilities available to help innovative enterprises develop their products in the new centre completes a trio of elements needed for success.

How the innovation centre will look

How the Innovation Centre will look

ULIS already provides a rich source of management expertise, he said, and the recent £4.5m White Rose grant would provide money to nurture young spin-off companies (see Reporter 433).

In line with the Government’s emerging regional policy, the Innovation Centre will also enable the University to contribute to regional prosperity. The project is being carried out as a joint venture with Shepherd Developments.

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