The Imperial Incubator yesterday held a graduation event and technology showcase. The event celebrated the achievements of exiting companies Cortexica, Microtest DX, Dearman, and RespiVert. The ceremony saw the graduating companies receiving awards presented by Imperial College London’s President, Professor Alice Gast, following speeches by Imperial’s Vice President (Development & Innovation) David Gann, and Imperial Innovations CEO Russ Cummings.
In addition to the awards, the evening showcased technology currently being developed by tenants of the Incubator and welcomed three new companies to the facility. Companies that talked about their technology included BLOCKS, with the world’s first modular smartwatch, and Econic, which is developing catalysts that allow for the integration of carbon dioxide in the production of plastics.
Also present at the event was Imperial’s new White City Campus, which has multidisciplinary research and company incubation as one of its priorities and plans to provide incubation space for nascent companies from Imperial and the wider London entrepreneurial community.
The Imperial Incubator, owned by Imperial College London and managed by Imperial Innovations, provides laboratory, office, and meeting space for science-based startup companies. In addition, it also organises networking events, seminars, and training sessions to support tenants’ personal and professional development.
Located in Imperial’s South Kensington campus, its tenants are a mix of academic- and student-founded companies, as well as startups from around London. The Incubator supports companies working in a variety of fields, from engineering to therapeutics, through software-as-a-service (SaaS).
Graham Hewson, Incubator Manager at Imperial Innovations, said:
“The graduating companies tonight are bringing innovative solutions to challenges faced by their respective industries and have achieved tremendous success so far in getting their products to market. We at the Incubator are honoured to have helped these companies at such crucial stages of their development and wish them the best of luck in their future endeavours.
“Since its founding in 2006, the Imperial Incubator has hosted more than 60 companies, which have collectively raised £750 million ($1.2 billion) in investment. This signals both the quality of companies that join the Incubator, as well as the positive effects of incubation during the early stages of a business. These companies and their experiences have helped establish the Incubator as an innovation hub at the heart of Imperial College London.”
Professor David Gann, Vice President (Development & Innovation) of Imperial College London, said:
“It is extraordinary to see how much value has been created in the Imperial Incubator. The products conceived, jobs created and investment attracted are great news for Imperial, London and the world.
“The Imperial Incubator community is marked by its creative, collaborative and courageous nature. It is a special moment when a start-up or spinout graduates from its original institution. We are proud of our graduating firms, inspired by their leadership and excited to see what they do next.
“As Imperial’s start-up and spinout networks grow, we are enabling many more firms to join the community in purpose-built incubation facilities at our White City Campus. The next generation of Imperial-inspired firms have a bright future.”