University of Warwick Science Park

The University of Warwick Science Park (also known as UWSP and Warwick Science Park) was one of the first university based science parks in the United Kingdom when it was opened by the Rt. Hon. Margaret Thatcher in 1984.[1] It was a joint venture between the University of Warwick, Coventry City Council, Warwickshire County Council and Barclays. The latter are no longer shareholders having been replaced by WM Enterprise. The University of Warwick agreed in 2011 to purchase the shareholding of Coventry City Council.[2] The acquisition was completed in 2012 and today the Science Park is wholly owned by the University of Warwick. UWSP currently covers four sites; the main campus abutting the University of Warwick, the Business Innovation Centre in Binley, Warwick Innovation Centre on Warwick Technology Park and Blythe Valley Innovation Centre near Solihull.

University of Warwick Science Park
TypePrivate (Limited liability)
IndustryScience and technology
Founded1984
Headquarters
Coventry
,
United Kingdom
Key people
David Grindrod, Chief Operating Officer
ProductsProperty
Incubation
Technical Marketing
Business Angel Network
Innovation Consultancy
Number of employees
25
Websitewww.warwicksciencepark.co.uk

UWSP typically provides office, workshop and lab space for up to 150 businesses.

History

The University of Warwick Science Park was established in 1982 by the then Vice Chancellor of the University of Warwick, Lord Butterworth.[3] The first building, the Barclay's Venture Centre (now the Venture Centre) was formally opened by UK Prime Minister the Rt. Hon. Margaret Thatcher on 24 February 1984. In 2004, UWSP was awarded the 'Incubator of the Year' award by UKBI.[4] The founding Director of UWSP, David Rowe, was awarded the Queen's Award for Enterprise Promotion in 2006.[5] In 2012 the University of Warwick acquired sole ownership of the Science Park.

Facilities

University of Warwick

The University of Warwick Science Park’s main 42-acre campus is centred on the Venture Centre. It includes a further twenty buildings, some of which are owner occupied whilst others are leased. Many of the buildings on UWSP's campus are named after old British car models. The main buildings include:
The Venture Centre
Herald Court
Sovereign Court
Riley Court
Vanguard Centre
Viscount Centres

Warwick Innovation Centre

Warwick Innovation Centre opened at Warwick Technology Park in 1997 as a joint venture between UWSP and Warwickshire County Council. Further developments followed in 1999 & 2001 providing 45,000 sq ft (4,200 m2) of lettable space.

Business Innovation Centre

The 34,000 sq ft (3,200 m2) Business Innovation Centre at Binley, Coventry opened in April 2000 as a joint venture between UWSP and Coventry City Council.

Blythe Valley Innovation Centre

UWSP manages the 30,000 sq ft (3,000 m2) Innovation Centre at Blythe Valley Business Park on behalf of Solihull Metropolitan Borough Council, Prologis and British Land.

Activities

In addition to property services, UWSP offers a range of business support activities targeted at innovation led SMEs.

Minerva

UWSP hosts and manages the Business Angel Network, Minerva. Minerva is actually an acronym for Midlands Network of Entrepreneurs, Venturers and Angels. In addition to supporting a community of high-net-worth individuals.

Technical Marketing (Techmark)

Techmark has provided marketing services to established, start-up and pre-start technology businesses since 1996. Services include market exploration, market development, strategic planning, marketing execution and overseas market access.

Incubation (Ignite)

Ignite provides mentoring and subsidised incubator space for tech based start-ups with high growth potential. This is spread across three sites, the main campus, Warwick Innovation Centre and the Business Innovation Centre.

Incubation (UK Market Access Programme)

The UK Market Access Programme provides a blend of subsidised office space and professional service support for foreign owned companies seeking to establish UK trading arms. Warwick Science Park is one of the founding members of the UK Market Access Program.

Access to Finance

Access to Finance services provided by UWSP enables businesses to raise external funding covering debt fiance, equity finance or grant funding. UWSP has also managed a number of seed investment funds including the fully invested UWSP Concepts Fund and the £7m Advantage Proof of Concept Fund.

Access to Skills and Knowledge

Help to connect companies to University research to access related specialist knowledge resources and expertise and help to up-skill business owners.

See also

References
  1. "." Insider Media. Retrieved on 13 July 2011. "Rowe's Rollercoaster"
  2. "." BBC News. Retrieved on 13 July 2011. "Plans to Sell off Warwick Science Park"
  3. "." University of Warwick. Retrieved on 13 July 2011. "History"
  4. "".IC Birmingham Retrieved on 13 July 2011. "Science Park is Best in Country"
  5. "." The Independent Retrieved on 13 July 2011. "The Queen's Award"
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