+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Cambridge is inching closer to getting a new £20 million startup hub

Feb 17, 2016, 18:51 IST

Aukett Swanke

The historic city of Cambridge will go one step closer to getting a new £20 million innovation centre this week.

Advertisement

Architects Aukett Swanke announced on Wednesday that building work on a new incubator space in Cambridge Science Park will commence on Friday, adding that it will be finished by 2017.

Writing in a press release, the architects said the facility will "function as a vibrant centre for research and development, offering incubator space for high-growth businesses."

The architects added that the three-storey building will be able to support more than 500 entrepreneurs.

The 40,000 sq ft scheme is owned by Trinity College Cambridge and partly funded by the department of Business, Innovation & Skills, which is contributing £4.8 million.

Advertisement

The centre is being named after Sir John Bradfield, a biologist, entrepreneur, and former senior bursar who founded Cambridge Science Park.

Cambridge, home to one of the world's best universities, has spawned a significant number of impressive technology firms over the years, including chip designer ARM, HP-acquisition Autonomy, and cybersecurity startup Darktrace.

It's unclear at this stage how much startups will have to pay to use the centre.

NOW WATCH: Animated map reveals the 550,000 miles of cable hidden under the ocean that power the internet

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article