• Pioneering partnership will see the delivery of 95,000 square feet of incubator space on the South Bank of London
• Split across two sites, the life sciences facilities will help incubate early-stage companies spun out of King’s College London in a boost for UK life sciences
• Announcement comes just weeks after the government launched a package of measures to turbocharge growth in UK life sciences
LONDON – 3 JULY, 2023 – Pioneer Group has announced a new partnership with King’s College London to launch new dedicated start-up incubators in biotech and medtech on the South Bank of London.
In a first-of-its-kind partnership in the UK, King’s College London has teamed up with Pioneer Group, the specialist life sciences real estate and venture building company, to develop 95,000 square feet of incubator facilities. The state-of-the-art spaces will be split across two sites and will cater for university enterprises and early-stage companies in the fields of biotech and medtech, helping them to produce new products and technologies that will help improve patient treatment and care.
The partnership will revitalise two sites on the South Bank of London, which are currently empty, to provide wet and dry laboratories, office and co-working space as well as access to critical equipment. The spaces will be configured to support high-tech spin-outs from an early stage.
King’s has a long history of successful technology – the discovery of the structure of DNA in 1953 was made possible by Dr Rosalind Franklin’s X-ray diffraction work at the institution.
The university’s Entrepreneurship Institute is focused on producing the next generation of spin-outs, such as C the Signs, an online tool used by GPs to identify patients at risk of cancer; and its Research Management and Innovation Directorate has supported successful spin-out enterprises including Quell, Autolus and Pheon Therapeutics. The ecosystem locally is further enhanced by King’s Health Partners, one of only eight Academic Health Science Centres in the UK, which is focussed on improving the commercialisation of research and creating an Advanced Therapies and Biomedical Sciences Hub for the benefit of patients.
Pioneer Group will lead the design, development and operation of the facilities. Once complete, they will offer flexible space to aspiring companies, as well as mentoring and support programmes, access to venture capital and the benefits of Pioneer’s UK-wide ecosystem and expert network.
News of the partnership comes just a few weeks after the chancellor, Jeremy Hunt, announced £650m of pledges to fire up the UK’s life sciences sector. Dubbed the “Life Sci for Growth” package, it will see up to £250m committed to incentivising pension schemes to invest in “promising” science and technology companies while nearly £50m has also been pledged to scientific efforts to prepare for future health emergencies. In addition, £154m will increase the capacity of the UK’s biological data bank.
Glenn Crocker, Executive Director at Pioneer Group, said: “King’s is recognised internationally for the impact of its research in Life Sciences and Medicine. It has produced some exceptional spin-outs in the last few years in the fields of immunology and oncology, amongst others. We are delighted to be working with King’s to house and help scale their exciting spin-out companies. We look forward to working with the wider team at King’s to help make the journey out of academia and into commercial reality as smooth and efficient as possible.”
Professor Richard Trembath, Senior Vice President for Health & Life Sciences at King’s College London and Executive Director of King’s Health Partners, said: “We are delighted to welcome Pioneer Group to the South Bank as they have a proven track record of providing specialist spaces where early-stage spin-outs can flourish. This is an important requirement as we enhance Innovation@King’s and an early pillar for the SC1 life sciences innovation district. SC1 is a collaboration between the King’s Health Partners, the London Boroughs of Lambeth and Southwark, and the Guy’s and St Thomas’ Foundation, dedicated to creating partnerships between world-class researchers, clinicians and industry to develop innovative and life-changing technologies and therapies for our local and global communities.”
Pioneer Group’s operating asset base consists of more than four million square feet of highly serviced office/laboratory and manufacturing space in key locations in the UK and Ireland, including Nottingham, Manchester, Edinburgh, Glasgow and Dublin.
The company delivers the most comprehensive suite of accelerator and venture building, helping founders to transfer cutting-edge discovery into visionary ventures that scale. Pioneer Group’s in-house team supports start-ups and scale-ups and partners with organisations such as Innovate UK AbbVie, Astellas, Academic Health Science Networks and many of the UK’s leading universities.
Pioneer Group also backs game-changing, early-stage life science companies with investment from its venture capital funds. Since 2015, Pioneer Group has supported over 80 early-stage ventures, which have raised in excess of £200 million.
About Pioneer Group
Pioneer Group’s mission is to help life sciences and high-tech businesses to thrive in tackling challenges in both human and planetary health. Across the UK and Ireland, Pioneer leads the way in integrating the provision of mission critical real estate, venture building and venture investment.
Since 2003 its connected cluster model has provided powerful sector-specific, business-focused ecosystems in which businesses are more likely to succeed.
As a leading developer and operator of life science and high-tech campuses, Pioneer Group manages over £1 billion of real estate (over 4 million square feet) in 12 leading innovation locations across the UK and Ireland. Pioneer’s campuses offer a range of flexible, specialist laboratory, industrial and office space to support scientists, technologists, engineers and entrepreneurs on every step of the innovation journey from R&D to manufacturing. Pioneer’s campuses are home to organisations ranging from start-ups to multi-national.
Montfort Real Estate, London.
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