Adastral Park: Innovation Martlesham seeks new start-ups for incubator
INNOVATION Martlesham, the cluster of technology companies based at BT’s Adastral Park complex, is open for bids from new start-up companies for space within its “incubator” programme.
The IM Incubator nurtures information and communication technology (ICT) companies in their early stages, providing rent-free office space and communications services for a minimum period of six months.
Incubator companies benefit from having access to a group of business mentors from a range of disciplines – many with experience of starting up their own company – who provide support in areas such as business strategy, marketing and financial modelling to help develop their businesses
In addition, incubator companies are invited to a variety of events and networking gatherings, giving them a unique opportunity to be part of a collaborative environment with established technology companies, so helping them to grow and develop their business.
Companies are accepted into the incubator though a selection process to ensure that their idea is commercially viable. Once in the incubator, companies are measured against on-going targets to help them become sustaining and successful businesses.
Last month, it was announced that Disect Systems, the first start-up in the incubator, was to graduate to become a paying tenant of within Innovation Martlesham’s newly refurbished Ross building at Adastral Park.
As a result, accommodation and resource is now available for new ICT start-ups interested in entering the programme.
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“The IM Incubator provides the ideal environment for ICT start-ups to develop their business,” said Innovation Martlesham chairman David Ralph.
““IM Incubator companies who are accepted into the program are given free accommodation and communication services with the added benefit of access to a group of mentors who can help them develop into a successful and sustaining business.
“We are offering the opportunity to be part of a collaborative, high-tech cluster environment, co-located with some of the world’s leading ICT companies.”
Kevin Gooding, chief executive of OXEMS, one of the current IM Incubator companies, said: “Being part of the IM Incubator has provided many distinct advantages, including having a BT Adastral Park address and use of the wider site facilities.
“Having access to mentors has been particularly helpful, specifically with the personal recommendation of potential partners. This, along with the networking opportunities, has been invaluable.”
He added: “The quarterly reviews by the IM Board provide useful feedback, and the targets set ensure I remain focused and don’t get ‘lost’.”
For further details, email email@example.com .