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Oxford Innovation to run High Potential Starts Programme

Oxford Innovation has been appointed by the Welsh Government to run the High Potential Starts Programme. The latter is designed to assist start-up and early stage life sciences firms with high growth potential to grow more rapidly over the next three years.

Oxford Innovation has opted to base itself at Cardiff Medicentre, the business incubator for biotech and medtech startups, for the duration of the project, although a series of workshops and events will be held at a number of venues across Wales.

Welsh Government Teams up with Oxford Innovation to Boost Growth of Life Sciences Firms.

Pilot project backs new start-ups with the potential for high growth.


Dr Mark Bowman, Director of Innovation at Cardiff Medicentre said "I am delighted that Oxford Innovation has been appointed to run the High Potential Growth Programme for life sciences companies.  Having worked in the Oxfordshire biotech cluster, I am well aware of the company's expertise in assisting startups and their deep knowledge of innovation."

He added "I am particularly pleased that Oxford Innovation has chosen to base themselves at Cardiff Medicentre and regard this as a reflection of our growing national reputation for biotech and medtech business incubation excellence.  I am looking forward to working closely with Chris Sheehan and his colleagues over the next three years."

For all Cardiff Medicentre media enquiries, please contact:

Carina Phillips
T: 07815 058283

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 Fri, 20th Jan 2012

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