Labstart is a laboratory and office facility run by the University of Warwick Science Park, enabling start-up and early stage companies to fund lab space until they can demonstrate 'proof of concept'.
LabStart offers six individual offices and six individual laboratories with shared access to a range of laboratory support equipment and kitchen facilities. Also, being based at the Science Park, they have access to business support services and mentors from the Science Parks Ignite programme.
David Grindrod, Deputy Director of the University of Warwick Science Park, said it was important to recognise that biomedical companies require more investment at start-up than virtually any other sector. He said:
The idea behind LabStart is to provide the appropriate space and infrastructure for these companies at a cost that does not constrain their development. After three years the successful businesses will have demonstrated ‘proof of concept’ with their product and be able to attract normal first round funding to support the company’s next growth stage. It is absolutely vital that we support companies in this field because this sector will be key to the UK economy in its economic recovery and well beyond. The whole ethos behind the University of Warwick Science Park is to help business people get innovative ideas to market or assist high-tech companies in their growth. This is an extension of that.
A single, all-inclusive fee is payable via a three-year licence for the LabStart space with annual reviews.
- For more information visit The University of Warwick Science Park or call us on 024 7632 3000.