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The Bradfield Centre Marks Successful First Year

PRESS RELEASE

£20m Deep Tech Centre in Cambridge Marks Successful First Year

18th July, 2018: 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, is this month celebrating it’s successful first year which has brought a host of new businesses and investment to Cambridge.

More than sixty tech businesses have moved into The Bradfield Centre at Cambridge Science Park 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 those companies based at The Bradfield already experiencing impressive growth, including:

  • 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.
  • MIG have released a string of well-received brand and customer experience analytics products, grown their technology team five-fold - from five to 25 people - and are expanding their space for the third time to allow them to continue growing.

The Bradfield Centre has quickly established itself as a key 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.

The Bradfield Centre provides a friendly, nurturing, creative atmosphere in which ambitious businesses can thrive. More than 180 entrepreneurial events have been held, attracting over 7,000 attendees. The Central Working team intimately understand each member’s business, which has enabled the business to make over 1,000 meaningful introductions for Bradfield Centre companies, leading to more than 200 direct collaborations since opening.

The Bradfield Centre will also be home to the exciting Trinity Bradfield Prize – a new bi-annual prize for entrepreneurial students across Cambridge University. The Prize will provide a £10k cash prize to the winning team, and complementary space at The Bradfield Centre for the team to develop their ideas. They will benefit from all The Bradfield Centre has to offer, plus expert mentoring from the Trinity Alumni network.

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, said:

“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.”

Rhodri Thomas, CEO of Spectral Edge, said:

“We moved out to The Bradfield Centre in January and are delighted with the decision. It is a great working environment and the team enjoys working here. It is the ideal place for us to grow and prosper during this phase of the company with a great location, friendly environment and excellent facilities.”

The Bradfield Centre

Housed in a stunning building at the heart of the Cambridge Science Park, The Bradfield Centre is designed to appeal to entrepreneurs, researchers and students, and is home to innovative high growth start-up and scale-up businesses.

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