Service Offering
Following the ETTC model, ETTC BioSpace first nurtures nascent spin-out companies with a package of high-input hand-in-hand business development services – primary incubation. Following on from primary incubation, secondary incubation is more reactive, respecting incubatees’ increasing self-reliance. Secondary incubation also seeks to establish strong links between incubatees and the University with a view to ensuring a continued channelling of the very knowledge and technologies around which the incubate companies were formed.
The inherent challenges faced by nascent companies in the fields of life-sciences, chemistry and biomedicine mean that the well-structured two to three year incubation programme delivered at ETTC must be more flexible at ETTC BioSpace. As each incubate progresses, the service delivery evolves accordingly, though drawing on the same portfolio of provisions - Strategic Clinics and Development Workshops, access to networks of business professionals, potential non-executive directors, business angels and venture capitalists.
Perhaps as significant however is the availability of scientific services. ETTC BioSpace has established relationships with the University’s Schools, and in particular the School of Chemistry, which provides incubatees with unique and crucial access to a range of scientific services, equipment and expertise that would otherwise be beyond the resources of nascent companies.