Welsh technology incubator in search for new firms
EW Daily News 18/03/2004 09:58:29 – Welsh technology incubator in search for new firms
Welsh technology incubator in search for new firms Harry Yeates
OpTIC Technium, one of a group of six technology incubation centres funded by the Welsh Development Agency, is looking for tenants three months after its scheduled opening.
However, Ian Maxwell, optoelectronics sector manager at the WDA is confident between six and 12 firms will be installed by the end of Q2.
“To be fair the building has been delayed a little bit,” said Maxwell. “We’re at the stage now that the building is complete, and negotiations are ongoing between the WDA and the private management company which is going to manage the project for us.”
In January the centre attended the Photonics West show in California to raise its profile among the US optoelectronics community, and next month it will be at the Photonics Europe 2004 exhibition in Strasbourg.
“We see several different markets, obviously the academic sector for spin-out companies and possible collaborations across Europe. The concept of OpTIC is incubating businesses, new start-ups, but also [operating as] a technology centre,” explained Maxwell. “There might be opportunities for cross-border collaborations with companies in France or Germany who might like to set up in OpTIC, and either develop new processes, or spin out new businesses into the incubation centre.”
The £15m OpTIC (Optoelectronic Technology and Incubation Centre) Technium venture was launched in September 2002, with the aim of creating 450 jobs for the area. It is sited at St Asaph, close to the University of Wales, Bangor.