£20m Deep Tech Centre in Cambridge marks first year

by PM Today staff / 7/11/2018 5:05:40 PM

The Bradfield Centre, the £20m deep tech collaborative workspace launched by Trinity College Cambridge, Central Working and supported by the Department for Business, Energy and Industrial Strategy, has celebrated its successful first year which it says has brought new businesses and investment to Cambridge.

More than sixty tech businesses have moved into The Bradfield since the opening in July 2017, bringing together a range of Cambridge-based startups and companies from further afield who have relocated to the city.

The Bradfield Centre is designed to support scaling tech businesses, with a number of companies based at The Bradfield already experiencing impressive growth.

Image fusion pioneer Spectral Edge which recently closed a $5.3m Series A round, announced its first major customer and has doubled the size of its tech team since the start of the year.

String, providers of the augmented reality technology behind the Dulux Visualiser mobile app, relocated to Cambridge from London last year and have since trebled their space since moving into The Bradfield.

Cambridge Spark, a spin-out of the Department of Computer Science and Technology at the University of Cambridge, recently won a £550k innovation grant from Innovate UK to further develop their data science assessment technology, and have doubled their team size.

The Bradfield Centre has established itself as a hub for both the local Cambridge tech cluster and the wider East Anglian region. The UKBAA selected the centre as its East of England Angel Hub, and a wide range of other organisations including Cambridge Angels, Cambridge Wireless, Cambridge Network, Tech Nation and Tech East are all running events and encouraging their members to network at the centre.

James Parton, Managing Director of The Bradfield Centre, said: “We’re delighted that The Bradfield Centre has hit the ground running. We have quickly delivered on our goals of providing high quality workspace for scale ups in Cambridge, providing the connections, support and education to fuel our members growth, whilst forging strong links into the University to support and encourage student entrepreneurial activity.

“With these fantastic foundations laid, we’ll now be turning our attention to enhancing our community programming, strengthen links with tech communities across the UK and around the world, and working with strategic corporate partners who can help accelerate the growth of the businesses based here.”

Rory Landman, Senior Bursar of Trinity College, added: “The Bradfield Centre has made its mark as a thriving hub for tech entrepreneurs. It’s an exciting place to be, with plenty of opportunities for impromptu exchanges. This reflects the College environment in which people meet, ideas cross fertilize and the unexpected can happen.”

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