Companies in the Bioscience cluster enjoy close proximity to academic institutions and to one another, and benefit from the modern infrastructure and communications systems that characterise today’s Wales. This means that it’s easy to network locally, while the cluster’s international profile facilitates contact-making in overseas markets.
For new bioscience start-ups and spin-outs there is a good selection of incubation space to choose from at highly competitive rates.
What’s more, in Wales the incubation space is never far away from the crucial services that bioscience companies need.
Incubation Space includes:
Technium AberystwythTechnium CASTUniversity of Wales, Bangor, Bioscience IncubatorUniversity of Wales, Swansea, Institute of Life ScienceCardiff Medi-centreTechnium Life Sciences - under developmentIt is a similar story for larger businesses seeking to establish themselves in Wales, with numerous science parks located within the principality.
“Technium enables us to obtain a professional perception from people involved with us. We benefit enormously from being involved in an entrepreneurial environment with innovative companies around.” Joseph Cefai, Director of Starbridge Systems Limited.
For existing companies looking to expand there is the potential for the Welsh Assembly Government to assist with property development.
"Brecon took advantage of Welsh Assembly Government property assistance which in quarter 3 of 2005 will see a brand new 45,000 square foot packaging facility unveiled - adding greater capacity to the business," Steve Kemp - Commercial Director - Brecon Pharmaceuticals.