£40m Leeds innovation hub launches

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The University of Leeds’ £40m innovation hub has officially launched this week.

Senior business leaders, investors and stakeholders attended the event on Monday (14 May), which included a panel discussion chaired by broadcaster Cathy Newman on ‘The Changing Nature of R&D’, a new report produced by the CBI in partnership with University of Leeds.

Construction on the Discovery Way site was completed in March this year, and the hub includes office and lab space.

It already has a 50% occupancy rate, and includes startups and scale-up businesses.

Listed firm Tracsis, a university spin-out, was one of the first businesses to commit to Nexus and vet start-up Vet-AI has also signed up. Bristol-based Thought Beanie will move from its current home to the state-of-the-art facility later this year.

Nexus director Dr Martin Stow told TheBusinessDesk.com last month: “We have had a lot of interest and carry out a robust assessment with each company.

“We are looking for companies with high-growth potential which also focus on one or more of our four core areas of expertise and values.”

Pictured: Sir Alan Langlands, Vice-Chancellor, University of Leeds, Cathy Newman, Broadcaster, Dr Martin Stow, Nexus Director and Professor Lisa Roberts, Deputy Vice-Chancellor: Research & Innovation, University of Leeds.