BioCity expands into latest new city after Nottingham success

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Companies at BioCity Nottingham have enjoyed a 91 percent survival rate since it formed in 2003

The BioCity Discovery Building features five floors of office space

BioCity, the Nottingham-headquartered life sciences incubation business, is set to further expand its operations after being appointed to run a new bespoke accelerator programme in Aberdeen.

It is being launched to catalyse growth in the North East Scottish city’s world-class life sciences cluster by supporting the development of start-ups, spin-outs and growth companies across the region’s research, clinical and commercial base.

Delivered by BioCity Group in partnership with private sector economic development body Opportunity North East (ONE), the ONE Life Sciences Accelerator Programme will launch with a boot camp in early December, following by a 12-week development scheme starting in January 2018.

BioCity Group managing director Toby Reid said: “We are delighted to be selected by ONE to run its programme. With the connectivity and proximity of the Universities and the NHS at Foresterhill and the exciting companies already here we see huge potential for the life sciences sector in the North East to grow and we look forward to playing a part in that growth.”

Professor Stephen Logan, chairman of ONE’s life sciences board, added: “We see the life sciences sector as a key component of our regional economy, which is driven by innovation and ambition.

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“Aberdeen has a history of high-quality spin out companies and our new, bespoke accelerator programme aims to build upon this to catalyse growth in our life sciences sector.

“BioCity is an established leader in this field and we are now bringing their unrivalled expertise to the region to help develop ideas from across the clinical, research and commercial base into commercially viable ventures and to accelerate the growth trajectory of established businesses .”

BioCity Nottingham was one of the first bioscience incubators in Europe when it launched in 2003.

It was followed by BioCity Scotland, near Glasgow, in 2012, and a year later by BioHub at Alderley Park, Cheshire, and MediCity Nottingham, based at the Boots campus in Beeston.

Last year, it opened MediCity Scotland, also near Glasgow.

With more than 200 companies based at the organisation’s business incubators across the UK, BioCity’s network is one of the largest concentrations of life science firms in the country, with a 91 percent survival rate for companies at BioCity Nottingham, where a £30m new building was opened earlier this year.

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