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Cardiff Medicentre's role in University's startups recognised

Professor Hywel Thomas, Pro Vice-Chancellor for Engagement and International at Cardiff University, has today recognised key Cardiff Medicentre's role in nuturing biotech and medtech startups.

He said of Cardiff Medicentre "There are presently 18 tenant companies, employing some 120 people, half with some connection to Cardiff University, either as spin-out companies or enterprises by our graduates."

University view with Hywel Thomas.


Commentary

Dr Mark Bowman, Director of Innovation at Cardiff Medicentre said "I am delighted that Professor Thomas has publically recognised the contribution that Cardiff Medicentre makes to Cardiff University's innovation activities.  We have worked hard to ensure that this facility matches the aspirations of our many academic entrepreneurs and to ensure that our Cardiff University startups have access to the full range of business support mechanisms available in Wales. Our close proximity to Cardiff University's School of Medicine is also extremely beneficial for academics interested in forming a new company."

Dr Bowman added "Of course, not all our startups hail from Cardiff University, and I am very pleased that Cardiff Medicentre has a diverse population of early-stage businesses, many of which are the result of the hard work of private individuals who have invented potentially world beating technologies."

For all Cardiff Medicentre media enquiries, please contact:

Carina Phillips
T: 07815 058283
E:carinaphillips@ntlworld.com

Notes to editors

About Cardiff Medicentre

Cardiff Medicentre is a dedicated incubator for biotech and medtech startups. The facility is set in the grounds of the University of Wales Hospital and is a neighbour to Cardiff University’s School of Medicine.

Established in 1992, Cardiff Medicentre is a joint venture between Cardiff Council, Cardiff University, the Welsh Government and Cardiff & Vale University Health Board. It was the first incubator of its kind in the UK and now provides 32 units of high quality office and lab space accommodation ranging from 284 sq ft to 1,045 sq ft. Low-cost desk leasing facilities are also available to encourage entrepreneurs to enter the Cardiff Medicentre community while writing business plans and raising finance.

Tenants at Cardiff Medicentre benefit from specialist support in establishing and growing their businesses. Their aim, and the aim of the Cardiff Medicentre management team, is graduation – the process of tenant businesses outgrowing the incubation facilities and moving into their own follow-on space, or being acquired.

Examples of successful graduate companies

  • Q Chip Ltd (completed $6 million venture capital investment round in 2011)
  • Cardiff Bioanalytical Services Ltd (acquired by LGC Ltd in 2010)
  • Cardiff Research Consortium (acquired by Capita Group plc for £11.6 million in 2009)
  • BioDynamics Research Ltd (acquired by Quotient BioResearch Ltd in 2008)
  • TrichoTech Ltd (acquired by Concateno plc for £11.25 million in 2007)
  • OnExamination Ltd (acquired by BMJ Group in 2007)

Published on Thu, 17th May 2012

 
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