Cornwall innovation centres ranked among best in the world

Business incubation facilities run by Plymouth University in Cornwall and Plymouth have been independently ranked as among the best in the world.

Within three years of inception the Cornwall Innovation Centres have been independently ranked as among the best in the world.

With almost 100 businesses and hundreds of people working within them, Pool Innovation Centre (PIC), Tremough Innovation Centre (TIC) and Health and Wellbeing Centre (HWIC) are a real success story from the collaboration of European investment and local partners.

The three Centres were funded with almost £29 million from the European Regional Development Fund (ERDF) Convergence Programme with investment from Cornwall Council. The Centres have benefited from a unique partnership with (Plymouth University) who operates the Centres in Cornwall on behalf of (Cornwall Council).

The four facilities; The three Centres and Plymouth’s Formation Zone have all been identified as exemplars of best practice by UK Business Incubation (UKBI). UKBI is the independent voice of business incubation and accelerated growth, informing policy at local, national, European and international levels.

Keiron Broadbent, Membership Manager at UKBI, said: ‘We have been reviewing Business Incubation environments for many years and we are pleased to be able to accredit the Cornwall Innovation Centres.  We were particularly impressed by the dedication shown by the Cornwall Innovation team in supporting their clients and indeed this was echoed by feedback from the entrepreneurs we spoke to within the centres.’

UKBI runs the Inspire monitoring, development and accreditation process, which benchmarks business growth environments against national and international research.

In addition to workspace each Centre has an embedded Formation Zone designed to support start-up businesses that need low cost office space with the latest facilities, these zones are based upon the successful template already achieved within Plymouth Campus.

Plymouth University’s Bernard Curren, director of Cornwall Innovation who is responsible for the three innovation centres in Cornwall and leads all the university’s incubation activities, said: “UKBI assessed the centres and Formation Zones independently of one another and we are delighted that they have all achieved this accreditation. It means that we are delivering a consistently high quality of service and client businesses tell us the combination of location, excellent working environment and the range of business support available have made a material difference to their performance.”

The facilities are all part of GAIN, the Growth, Acceleration and Investment Network which aims to create a supportive environment in the South West that enables businesses to grow at whatever stage in their journey which is a key theme within the Convergence Programme. The three Centres are an example of the partnership and innovation between Cornwall Council and Plymouth University to achieve economic growth in the region, Julian German, Portfolio Holder for Economy and Culture at Cornwall Council, said: “Cornwall’s Innovation Centres have proved to be a huge success by offering tailored support to key sectors in Cornwall’s economy including creative industries, health and environmental science. Despite having been open for only a relatively short time they are proving to be real engines of growth and job creation in Cornwall and the UKBI’s assessment will further strengthen their reputation.”

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Photography: Malooba owner and founder Errol Chevannes (right) with Aaron Newman, software developer, at Tremough Innovation Centre

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15 July 2013

For more information contact:

Jason Clark, DCA Public Relations, 01208-77900 [email protected]

Tuesday 16 July 2013