SETsquared Centre part of Bristol’s future
15 March 2010
FutureStory, an initiative that shows how people and businesses in towns and cities across the UK are adapting to – and succeeding in – the new global economy, has recognised the role of the University’s SETsquared Business Acceleration Centre in supporting entrepreneurial start-ups as key to Bristol’s future success.
SETsquared is a collaboration between the Universities of Bath, Bristol, Southampton and Surrey. Backed by government money, it supports new technology businesses in the area. Speaking at the event, Nick Sturge, Director of the Bristol SETsquared Centre, said that universities in the UK have three areas of focus today: research, teaching and – increasingly – enterprise. He added: ‘In Bristol there is a strong desire to stimulate the local, regional and national economy through enterprise. In 2008, the Centre won an award for being the best business incubator in the UK. Bristol is a hotbed of innovation and enterprise. It is just about the right size; it’s big enough to support a range of business activities, but small enough to provide opportunities for networking. There’s a very diverse and talented population here. And what’s needed with all these new industries is innovation – ideas and the talent and skill to make them happen.’
Since the beginning of 2008, SETsquared has helped early-stage entrepreneurs raise over £44 million in debt, equity and grant funding for the 40 companies it currently supports – a feat that is highly significant given the current difficult economic times.
A full article and video on FutureStory is available online.