The Centre for Process Innovation has expanded its operations by opening a brand new base in Newcastle.
The know-how innovation physique is already effectively established within the south of the area within the Tees Valley and at NETPark in Sedgefield.
Now the impartial innovation organisation has moved into The Catalyst constructing on Newcastle Helix, the place it’s seeking to collaborate with others to assist the commercialisation of tech improvements that remedy healthcare and sustainability challenges.
Based mostly alongside Nationwide Innovation Centres for each Ageing and Knowledge, the organisation’s new dwelling will assist CPI nurture current relationships within the area and join with extra excessive potential start-ups, SMEs and traders.
The enterprise is a founding member of the Authorities’s Excessive Worth Manufacturing Catapult, a community of world class know-how and innovation centres designed to rework the UK’s functionality for innovation in particular know-how areas to assist drive future financial development.
Jen Hartley, director of Make investments Newcastle, a part of NewcastleGateshead Initiative, mentioned: “The expansion of CPI into the award-winning Catalyst Building on Newcastle Helix demonstrates the continued confidence in the city as a place for innovative companies to locate. CPI has a powerful reputation for helping companies commercialise and take ideas to market, and their new location will provide a focal point for their continued work as a deep tech innovation partner of choice. They are the perfect fit for the Helix community and we’re looking forward to working with the team as they grow.”
The CPI says it now has bold development plans that may see it recruit a number of new employees this yr.
Sophie Walton, director of strategic partnerships at CPI mentioned: “Some of these will be tied more directly to our North East sites and some will work flexibly between them – quite a few will use the Newcastle office as their primary CPI office location and some will ‘float’ – using it to hot desk, hold project meetings and connect with key regional stakeholders.
“This new home will enable us to increase our strategic engagement with the regional ecosystem and strengthen involvement in ongoing projects. We’d also like to work more closely with universities, NHS Trusts, industry and investors in the region alongside NICA and the National Innovation Centre for Data (NICD), and we’re excited to use this base to continue to support start-ups, SMEs, and high-growth companies in the region, and to drive forward the deep tech innovations that make our world a better place.”
Michelle Percy, director of place with Newcastle Metropolis Council added: “It’s fantastic to have CPI part of the Newcastle Helix community and to know that the city is playing a part in addressing big societal and environmental challenges. Catapults such as CPI are bridging the gap between business and academia, providing access to world-class research and development facilities, and expertise that would otherwise be out of reach for many.”