BlogBig respect to real estate company MEPC (nope, I’d never heard of them before either), which is building a £6m incubator entirely from its own funds at its business park in Abingdon, Oxfordshire.
The incubator will house 60 university spin-outs and will be run by Oxford Innovation, a specialist facilities management and angel investment company.
It’s great to see such a project coming out of private money, as the flexible lease demands and high failure rate of science start-ups that tend to occupy incubators usually put off developers and commercial landlords.
Speaking to the FT, James Dipple, MD for MEPC Milton Keynes, said: “We are providing a space for start-ups because some of them will grow into big companies.”
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