SETsquared Bristol business incubator wins national award for outstanding contribution
Nick Sturge receives award from trade body UKBI
This builds on the previous award, achieved by the Bristol SETsquared Centre in 2008, for "Best Established Business Incubator."
The Bristol SETsquared centre, part of the SETsquared Partnership, accelerates high-tech, high-growth start-up and early stage businesses, including those originating from both inside and outside the University of Bristol.
On receiving the award, Sturge commented: "Bristol is a thriving city for high-tech businesses and we are proud to be doing our bit to help grow new businesses and create high-value jobs."
Chairman of UKBI, David Rowe, said: "Certain individuals stand out and UKBI has had the privilege of working with and learning from Nick for many years. Since 2006 he has led a business incubation environment in the South West of England from strength to strength, and has led the regional network of practitioners to become the largest of its kind in the UK. He is entrepreneurial and innovative in his approach and is a pillar of the business incubation and business growth community in the UK."
The Bristol SETsquared Centre currently supports nearly 60 businesses, which between them employ over 500 people and turn over £21 million per annum. Of the businesses supported since 2007, none have failed.
As well as the Bristol centre, there are similar thriving incubators in the SETsquared Partnership in Bath, Exeter, Southampton and Surrey, supporting a total of over 250 technlogy businesses and making a significant contributor to the growth of their local economies.
The SETsquared Partnership: (http://www.setsquared.co.uk) is the enterprise collaboration of the Universities of Bath, Bristol, Exeter, Southampton and Surrey. Together, the universities employ 8,500 academic staff; earn £450m of the UK's higher education research budget; and produce 11% of all UK university patents.
The partnership has a 10-year track record of supporting companies through its innovation centres, which provide access to industry specialists, investors and experienced entrepreneurs. SETsquared currently supports over 250 early stage high-tech, high growth potential businesses, and 90% of its incubated companies are still in business three years on. In the past five years, nearly £0.75bn in investment funding has been raised by spin outs and incubated companies.
SETsquared supports its student population of over 92,000 graduate and undergraduates to gain hands on business skills and entrepreneurial training through experiential inter-university activities. The Partnership also provides opportunities for industry to access academic ideas with commercial potential and develops collaborative R&D relationships. The Partnership seeks to promote the impact, economically and socially, of its institutions' research and enterprise activities.