The centre opened on 8th December to coincide with Global Business Incubation Day; a day of world-wide celebrations of innovation and entrepreneurship through business incubation, highlighting the important role of nurturing small and developing companies.

The Innovation Centre provides a range of high quality offices for up to 60 companies. Businesses joining the Innovation Centre will have access to a wide range of support provided by Oxford Innovation, including funding assistance, networking events and mentoring.

The Innovation Centre has already attracted three new businesses – two are moving into office premises, while the third has taken up the professional virtual office service available through the centre:

• Pharmaceutical Licensing Group (PLG), the professional association for business development and licensing executives working in the pharmaceutical and biotechnology industry.
• Maynard and Boldis, providers of innovative, energy saving cleaning equipment.
• Aether, a new environmental consultancy specialising in emission to air and environmental data systems.

The centre comprises 39,000 sq ft over three floors, split between offices, meeting rooms and conference facilities. Flexibility has been a key consideration in the design of the new centre: space can be let on flexible licence agreements in a range of unit sizes from 90 to 1,500 sq ft, and tenants will be free of any long-term letting commitments.

Oxford Innovation will be managing the new building. It already supports more than 400 start-up companies; managing 14 other innovation centres across the UK, and offering business support services.

James Dipple, managing director of MEPC Milton Park, said, “The opening of the Milton Park Innovation Centre today, on Global Business Incubation Day, reflects the importance we place on supporting high-growth businesses. We are keen to work with the companies joining the Innovation Centre at every stage of development, helping them to achieve their full potential.”

Dr David Kingham, managing director of Oxford Innovation, said, “Number 99 Milton Park is set to become a flagship Innovation Centre, exemplifying the important and positive role of business incubation. The Innovation Centre at Milton Park is ideally located at the heart of a thriving business community, amongst a hub of other innovative and inspiring companies, creating the perfect collaborative businesses environment for growing businesses to thrive.”

Pictured from left; James Dipple, managing director of MEPC Milton Park, Marijan Boldis and Vesna Maynard, directors of Maynard and Boldis, John Kelly, treasury secretary of Pharmaceutical Licensing Group, Katie King, director of Aether, Dr David Kingham, managing director of Oxford Innovation and Dean Worthington, sales and marketing manager of Oxford Innovation.

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