19th August 2003

 

INCUBATOR CENTRE REALLY MEANS BUSINESS

 

Business is booming at Sparkhouse Studios, Lincoln’s new incubator centre for fledgling media and creative companies.

 

Construction work on the new section of the former railway building on Ropewalk is now complete and all units in the centre are full.

 

And Sparkhouse Studios has won accreditation from UK Business Incubation (UKBI) in a national best practice review.

 

Three new businesses set up by University of Lincoln graduates have been accepted by Sparkhouse Studios in the past month, bringing the number of businesses operating from the centre to ten.

 

“Once the contractors have completed their work on the old section of the building we will have further capacity for an additional six businesses,” said media incubator centre manager Andrew Stevenson.

 

UKBI has announced that Sparkhouse Studios and the Loughborough Innovation Centre have met the criteria for the foundation stage of incubation best practice.

 

Both Loughborough and Sparkhouse demonstrated that they are incubating their clients to a high standard and contributing to their region’s job and wealth creation.

 

“This award really does put us on the map,” said Mr Stevenson. “We see this review as being important to the future development of incubation in the UK and it’s great to be one of the first to be acknowledged to have made the grade.”

 

UKBI, which aims to establish a national incubation benchmarking framework, offered its members the opportunity to participate in a pilot best practice review, allowing incubators to benchmark themselves against the national benchmarking framework. 

 

- - - - - - - -

 

For more information contact: Jez Ashberry, Press and Media Relations Manager

University of Lincoln (tel: 01522 886042)                     email: jashberry@lincoln.ac.uk

Check for the latest university news at www.lincoln.ac.uk/news