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Cardiff Medicentre receives UKBI Inspire award

Cardiff Medicentre has been awarded development stage status by UKBI, a professional association of members actively involved in enterprise, innovation and sustainable economic growth.

The UKBI accreditation recognises the achievements and incubation infrastructure in place at Cardiff Medicentre, which is home to over 20 biotech and medtech startups.

UKBI Inspire Award

Dr Bowman receives the Inspire Accreditation from UKBI Chairman David Rowe

Medicentre gains top status for nurturing firms.


Commentary

Dr Mark Bowman, Director of Innovation at Cardiff Medicentre said "We have worked hard to develop what is now a first-rate biotech and medtech incubator."

He added "Businesses join us when they’re ready to start developing and exploiting what began as a seedling of an idea. Our aim is that they leave as established companies, in many cases operating in global markets.”

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 Wed, 21st Nov 2012

 
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