The new facility, which will be based at the Babraham Research Campus in Cambridge, will support science- and technology-based companies striving to build businesses that originated with research from universities and increase their impact.
The new facilities will complement Imperial’s existing London facilities, including its new research and innovation district in White City where the Translation and Innovation Hub is set to open in 2016.
Professor David Gann CBE, Vice President (Development & Innovation) at Imperial College London, said: "At Imperial, we have long recognised that to tackle global challenges we need our scientists, engineers, medics and entrepreneurs to work together. That’s why we are committed to creating collaborative environments for multi-disciplinary teams to develop the ideas needed to solve seemingly intractable problems. And why we need to create the facilities for them to test new concepts and accelerate the growth of innovative businesses to put them into practice.
“Our investment at Babraham builds on existing work at White City, strengthening our ability to support spin-outs and scale-ups by providing the space, facilities and expertise that they need to thrive.”
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