The new Biotech Business Incubation Centre (Bio BIC) is a collaboration between UK Research and Innovation’s:
- Biotechnology and Biological Sciences Research Council (BBSRC)
- Science and Technology Facilities Council (STFC)
- Bio BIC will help small biotechnology businesses, emerging from leading bioscience research, turn their innovative technology concepts into market reality.
Located within STFC’s Daresbury Laboratory, Bio BIC will ensure that biotechnology businesses, built on leading bioscience research, can bridge the gap between science and market and achieve their full commercial potential.
BBSRC has invested around £110 million in north-west bioscience and biotechnology research, which includes the provision of funding to 8 higher education institutes across the region.
The Bio BIC initiative will accelerate the emergence and success of new companies from these research strengths. It will drive enterprise and enhancing links between the science and innovation communities in the north-west.
A recent study mapped UK biotechnology start-ups. The study identified that while most companies are concentrated in London and the south-east, the north-west is home to 670 biotechnology start-ups.
Tangible business benefits
Bio BIC builds upon STFC’s strong track record of managing support programmes and facilities for small businesses across its locations nationally, and particularly at STFC’s Daresbury Laboratory.
This includes the highly successful European Space Agency Business Incubation Centre (ESA BIC UK), through which STFC has supported more than 100 start-ups over the last decade.
Here, participating companies contribute on average £350,000 gross value added (GVA) each year to the UK economy. Business survival rate is more than 95% after 5 years, compared to the national average of 40%.
Sci-Tech Daresbury is in the Liverpool City Region. It is home to more than 150 high tech companies that benefit from access to cutting-edge technologies and expertise to develop and improve products and boost productivity.
The campus has a ‘home-for-life’ ethos. A growing number of rapidly expanding biotechnology firms, such as Croda and Holiferm, are adding momentum to the emergence of an exciting new biotech cluster within Sci-Tech Daresbury.
This sits alongside 3 well-established industrial clusters managed within the campus for the north-west, specifically dedicated to the health tech, space and digital sectors.