University Enterprise Zones are specific geographical areas in the United Kingdom where universities engage with Local Enterprise Partnerships to provide business incubator spaces and stimulate economic growth by the application of university backed innovation. [1]
The ten year pilot program for University Enterprise zones was announced by David Cameron in December 2013 [2] "in response to findings in the Witty Review [3] that universities could play a bigger role in enhancing economic growth". [4]
Of the nine applicants, [5] four were funded: [6]
An interim evaluation of the policy was made in 2017 [7] at a cost of £45k. [8] The final evaluation is due in 2023.
In September 2019 UK Government funding was announced for 20 further UEZs: [9]
A science park is defined as being a property-based development that accommodates and fosters the growth of tenant firms and that are affiliated with a university based on proximity, ownership, and/or governance. This is so that knowledge can be shared, innovation promoted, technology transferred, and research outcomes progressed to viable commercial products. Science parks are also often perceived as contributing to national economic development, stimulating the formation of new high-technology firms, attracting foreign investment and promoting exports.
A business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services, starting with management training and office space, and ending with venture capital financing. The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development. NBIA categorizes its members' incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and a combination of the above.
An urban enterprise zone is an area in which policies to encourage economic growth and development are implemented. Urban enterprise zone policies generally offer tax concessions, infrastructure incentives, and reduced regulations to attract investments and private companies into the zones. They are a type of special economic zone where companies can locate free of certain local, state, and federal taxes and restrictions. Urban enterprise zones are intended to encourage development in deprived neighborhoods through tax and regulatory relief to entrepreneurs and investors who launch businesses in the area.
Keele University Science and Innovation Park is a science and business development facility established in 1986 and located on the campus of Keele University in North Staffordshire. It is wholly owned by Keele University. The Science Park focuses to support the growth of innovative businesses, particularly those active in research and development within the West Midlands region by providing a location and a wide range of business support services.
Silicon Gorge is a region in South West England in which several high-tech and research companies are based, specifically the triangle of Bristol, Swindon and Gloucester. It was ranked fifth of such areas in Europe in 2002, and is named after the Avon Gorge.
Birmingham Science Park Aston, formerly known as Aston Science Park, is a science park located in Birmingham City Centre, United Kingdom. It is located adjacent to Aston University and the Eastside area.
The Vale do Sinos Regional Development Association, VALETEC, was established in 1998 as a non-profit private civil partnership at the Sinos River Valley in southern Brazil. Its goal is to promote technological development in the Vale do Sinos region by stimulating regional integration, providing incentives for entrepreneurship, while creating, attracting, hosting, and developing companies. In order to achieve this goal, VALETEC develops and manages environments for technological innovation, such as incubators, entrepreneurial condominiums, technology parks and complexes, as well as other initiatives aligned with this focus. VALETEC's main commitment is to contribute for the improvement of the Vale do Sinos quality of life, while forging links between educational and research institutions and the society, governments, and companies. This contributes to generate jobs and wealth, boosting the sustainable development of the Vale do Sinos technopolitan project.
The Enterprise Europe Network is a cross-border business network that provides support for small and medium enterprises (SMEs) to innovate and grow internationally. It is co-funded by the European Union's COSME and Horizon 2020 programmes.
Startup accelerators, also known as seed accelerators, are fixed-term, cohort-based programs, that include mentorship and educational components, and (sometimes) culminate in a public pitch event or demo day. While traditional business incubators are often government-funded, generally take no equity, and rarely provide funding, accelerators can be either privately or publicly funded and cover a wide range of industries. Unlike business incubators, the application process for seed accelerators is open to anyone, but is highly competitive. There are specific accelerators, such as corporate accelerators, which are often subsidiaries or programs of larger corporations that act like seed accelerators.
Research Park at the University of Illinois Urbana-Champaign is a research park located in the southwest part of the University of Illinois Urbana-Champaign campus in Champaign, Illinois. Research Park is a technology hub for startup companies and corporate research and development operations. Within Research Park there are more than 120 companies employing more than 2,100 people including students and full-time technology professionals.
The CBR Innovation Network is an initiative of the government of the Australian Capital Territory, that was founded in 2014, and established to accelerate innovation and diversify the economy in the ACT region. The CBR Innovation Network is based on the collaboration of its six Foundation Members: the Australian National University, CSIRO, Canberra Institute of Technology, Data61, the University of Canberra, and the University of New South Wales. One of the CBR Innovation Network's primary programs has been the creation of an innovation district in Canberra, which features a business incubator, a start-up accelerator program and a co-working space.
Kerala Startup Mission (KSUM), formerly known as Technopark TBI, is a state-level agency under the Government of Kerala, India, dedicated to fostering entrepreneurship and incubation activities. Established primarily to manage the Technology Business Incubator (TBI), a startup accelerator, KSUM aims to cultivate a conducive environment for high-technology-based businesses.
Co-Creation Hub, commonly referred to as Cc-HUB or the HUB, is a technology-oriented centre located in Yaba, a district of Lagos. Founded in 2010 by Bosun Tijani and Femi Longe, it provides a platform where technology-oriented people share ideas to solving social problems in Nigeria.
The SETsquared Partnership, usually known simply as SETsquared, is a business incubation network run by five universities in Southern England. SETsquared stands for Southern England Technology Triangle. The partnership was formed in 2002, between the University of Bath, the University of Bristol, the University of Southampton and the University of Surrey. The University of Exeter joined the partnership in 2011.
Andhra Pradesh MedTech Zone(AMTZ) is the medical technology park with Common Manufacturing Facilities & Common Scientific Facilities located in Nadupuru village area of Visakhapatnam, adjacent to the Visakhapatnam Steel Plant. The AMTZ is spread over an area of 270 acres and it has over 10 manufacturing units.
Technology Hub is a bi-national startup accelerator and business incubator in the El Paso–Juárez area on the border of Mexico and the United States. It was founded in 2015 and is a Mexico National Institute for Entrepreneurship-certified incubator that has developed and housed 100 high-growth technology companies.
Icehouse Ventures is a New Zealand-based venture capital firm. The firm is headquartered in Auckland and mainly focuses on the technology industry and has backed 200 companies. The firm also operates a variety of angel groups networks such as Ice Angels and Arc Angels. Icehouse Ventures was formally founded in 2019 as a separate company but had operated as part of the Icehouse group since 2001. In 2019, the founding CEO of the Icehouse stepped down as CEO and joined the board of directors of Icehouse Ventures.
CIIE.CO is an Indian startup accelerator and incubator that supports early-stage startups located at IIM Ahmedabad in Ahmedabad, India. It was founded in 2002 to promote innovation and entrepreneurship in India. It is a Center of excellence set up at Indian Institute of Management Ahmedabad with support from the Government of India's Department of Science and Technology and the Government of Gujarat.
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