The Imperial Incubator
Location
Imperial College Incubator, (Imperial Innovations plc), Level 1 Bessemer Building, Imperial College, London SW7 2AZ

Contact Details
Contact: Graham Hewson, Incubation Manager
Tel: 020 7594 1054
Email: g.hewson@imperial.ac.uk
Website: www.imperialinnovations.co.uk

The Imperial Incubator – incubation facilities within a centre of excellence.

Partners
The Incubator is wholly owned by the Imperial College London and managed by Imperial Innovations ('Innovations').

About Imperial Innovations
Innovations creates, builds and invests in pioneering technologies addressing global problems in healthcare, energy, engineering and the environment. It combines deep understanding of science and technology with commercial acumen and strong investment expertise.

Innovations supports scientist-entrepreneurs in the commercialisation of their ideas by:
  • leading the formation of new companies and providing facilities in the early stages
  • providing significant investment and encouraging co-investment to accelerate the transition from R&D to products
  • providing operational expertise, and
  • helping to recruit high-calibre industry figures and experienced entrepreneurs as executive management and Board members.
In December 2010 Innovations raised £140 million to accelerate the making of, and increase the size of, investments in companies established under its existing intellectual property pipeline agreement with Imperial College London. The Group also intends to invest in companies founded by or based on technology from the University of Oxford, the University of Cambridge and University College London.

Innovations associate company i2india, based in Bangalore, works with UK spin-out companies to adapt and launch their technologies in the Indian market by creating companies locally, hiring management and providing funding.

Objectives
The Incubator is a hub for innovation and entrepreneurship providing office and laboratory space for early-stage companies. Situated at the campus of Imperial College London, one of the highest ranked universities in the world, early-stage businesses are able to take advantage of being in close proximity to eminent scientists and experts in technology. The Incubator's central location in London also offers easy access to customers, sources of finance and commercial partners. Incubation support is offered by Imperial Innovations, one of the UK's top technology commercialisation, investment and incubation companies.

Progress to Date
Seventeen technology companies are now operating successfully from over 24,000 square feet of office and laboratory space in the Imperial Incubator.

Since it opened in July 2006, four highly successful Imperial Innovations portfolio companies have graduated from the Incubator.

Circassia: Circassia has raised a total of £32 million (of which Innovations invested £7.5m) and in February 2011 the company announced the successful completion of trials for one of its allergy products.

Thiakis: Sold for a total consideration of up to £100 million to US-based Wyeth Pharmaceuticals, a division of Wyeth (now Pfizer) December 2008.

EVO Electric: EVO have since relocated to custom-built premises in Woking and its technology has featured in Lotus vehicles and the Radical Green Endurance SRZero sports car, which in late 2010 became the first electric vehicle to travel the length of the pan-American highway.

Nexeon: Imperial Innovations led a £10 million investment round in Nexeon, with an investment of £1.95 million in February 09. The battery materials company announced in early 2011 that it had produced the world's highest capacity li-ion cell.

The Imperial Incubator
The Incubator's facilities are modern, well-equipped and versatile, allowing tenants to manage their business efficiently and effectively. Serviced to a high standard, the Incubator gives tenants peace of mind, allowing them to focus their energy on their business. Covering 24,000 square feet, the two-storey Incubator facility provides laboratory and office space for new and growing businesses in every sector, from medical devices to software to mechanical engineering. The Incubator also has links to i2india. Fit-out costs for the Incubator were funded with £3m from the London Development Agency (LDA) and £4m from Imperial College London.

Modern Laboratories and Write-Up Suites
The laboratories, which range in size from 450 to 1100 square feet, each include separate write up areas. Each laboratory has adjustable benches, sinks, eyewash stations, gas and electrical supply, mechanical ventilation for the installation of fume and flow hoods, high-speed communications network and telecom services, and an access security control system. Companies have access to shared equipment including an autoclave and glass wash.

Office Space
Individual private office suites range in size from 150 square feet to 425 square feet. The Imperial Incubator's private offices vary in size and style to suit the need of its clients. All office suites have power, telephone and high-speed network points and are fully furnished with desks and filing cabinets. For short-term occupancy, six office cubicles are also available.

Meeting Rooms, Networking Events and Business Support
The Incubator has four meeting rooms of high specification which can accommodate groups of 10 to 30 people. These modern rooms are fitted with audio visual equipment and the room layouts are flexible to suit individual needs. The incubator has plenty of social areas for networking and informal meetings as well as a tea and coffee lounge. The Incubator has a receptionist and secretarial services.

Types of Leases Available
Whether a client is an established business, a start-up or simply needs a virtual office, the Imperial Incubator understands that the entrepreneurial environment is fast moving. Consequently, it offers leases which will suit the clients' business, giving the company the freedom to develop.

For businesses looking for a base in London or for companies expanding into a new market, a Virtual Office is an easy, cost-effective way of boosting a company's image by having a prestigious business address. The Incubator offers a professional answering service, mail forwarding services and hot desks.

Services and Support. Networking and Events
The Incubator contains a truly entrepreneurial community who share the experience of developing technology businesses. Imperial Innovations runs a programme of seminars and events at the Incubator, designed specifically for entrepreneurs and inventors. These events are designed to inform businesses about the issues affecting start-up companies, generate discussion and debate around key subjects and to help establish new networks which will aid the growth of companies. Companies will also have access to Imperial College's free events, seminars and lectures held across the Campus.

Companies in the Imperial Incubator as of February 2011
Aqix
Cortexica Vision Systems
DUVAS Technologies
IC- Fineval Limited
London Genetics
Metabometrix
Midaz Lasers
Molecular Vision
Novacem
Phasor Solutions
Plaxica
Repregen
Respivert
Smart Surgical Appliances
Southside Thermal Sciences
Stabilitech
Think Play do Limited





News

Imperial Innovations leads a £2 million funding round in incubator company Molecular Vision

Imperial Innovations Group plc has led a £2 million funding round in Molecular Vision, an emerging developer of quantitative point-of-care diagnostic devices.

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Duvas Technologies' MESSAGE in the spotlight

The Imperial College Incubator's Duvas Technologies featured heavily in a large number of TV and news stories following the successful Open Day of the MESSAGE programme.

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