In 2015, high-growth tech companies and startups based at the University of Bath Innovation Centre (UBIC) raised an impressive £20.5 million in investment – almost double that of its 2014 figure of £12.6 million.
“The ability to attract investment often takes a huge amount of commitment and perseverance and we’re privileged to be here to support these companies”
The news comes as a double-success too as UBIC is a part of SETsquared, the enterprise partnership of the universities of Bath, Bristol, Exeter, Southampton and Surrey, which was also recently recognised as the no.1 global university business incubator (pictured on the right).
Just a few of UBIC’s members who have contributed to this amazing achievement include popular primary school maths app – DoodleMaths – created by EzEducation, real-time energy monitoring startup Green Running, innovative membership-management platform Memberoo and the SPARKies 2014 Best Startup award winner Zynstra – who specialise in hybrid IT solutions for small businesses.
Booming business in Bath: UBIC members, Memberoo, were also showcased
at the Accelerating Growth Showcase in 2015
Ali Hadavizadeh, Deputy Innovation Centre Director says: “We’re delighted to be able to announce a significant increase to the amount raised by our member companies this year – it has surpassed all expectation and is testimony to the hard work put in by the entrepreneurial founders and their teams who strive to grow their ventures on a day to day basis.”
“The ability to attract investment is an endorsement of this effort and often takes a huge amount of commitment and perseverance. We are privileged to be here to support these companies.”
“I cannot imagine starting a business without the kind of support that UBIC has provided”
Co-founder of EzEducation and its DoodleMaths app Tom Minor added: “I cannot imagine starting a business without the kind of support that UBIC has provided, it continues to be an enormous help to us as we evolve into the growth stage of our venture.”
It’s clear that not only is UBIC providing immense support to entrepreneurial talent in Bath and the South West of England, but this is also bringing further financial backing, talent and jobs to the region which will only further the South West’s hold on the top tech region title.
Stay up-to-date with the latest goings-on at UBIC by following them on twitter: @Bath_Innovation. You can also follow SETsquared: @SETsquared_Br.
