Pioneer Group and King’s College London to deliver 'first-of-its-kind' incubator partnership

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.

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.

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.”

By Mark Adair – Correspondent, Bdaily

• Add me on LinkedIn and Twitter to keep up to date
• And follow Bdaily on Facebook, Twitter and LinkedIn
• Submit press releases to editor@bdaily.co.uk for consideration.