October 18-20 | Tucson, AZ

The Research Institution GAP Fund and Accelerator Program Summit

Cambridge UK leaders explore Cambridge US innovation ecosystem | University of Cambridge

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October 23-25, 2024 / Atlanta, GA

The annual summit for research institution gap fund and accelerator programs, including proof of concept programs, startup accelerators, and university venture funds

The Story

The tour included visits to CIC (Cambridge Innovation Center), Greentown Labs, LabCentral, The Engine, MassRobotics, and Harvard Innovation Labs – each playing a vital role in supporting technology startups and scientific enterprise.

The delegates met with entrepreneurs, investors, and research leaders to understand how these organisations facilitate the transition from cutting-edge research to commercial success. They observed how dedicated innovation hubs provide early-stage companies with access to lab space, venture funding, and corporate partnerships, creating an environment where ideas can rapidly develop into high-growth businesses.

The visit highlighted the impact of physical infrastructure in driving innovation. The Engine, for example, supports startups developing breakthrough technologies by offering 200,000 square feet of lab space, funding, and specialised resources. Greentown Labs, the largest climate tech incubator in North America, and LabCentral, a shared lab facility for biotech startups, provide entrepreneurs with critical resources and networks to scale their businesses.

These hubs foster dense, high-energy ecosystems where startups, researchers, and investors work in close proximity. Co-location with major research institutions and established tech companies further accelerates innovation by facilitating knowledge exchange and collaboration.

Cambridge, UK, is already a leading centre for research and innovation. However, the visit reinforced the need for investment in dedicated innovation infrastructure alongside the existing world-class science to scale up commercial success. Boston’s innovation growth has been underpinned by over $1.5bn in state funding over the past 15 years, ensuring startups have access to space, funding, and industry connections.

 

Full story: Cambridge UK leaders explore Cambridge US innovation ecosystem | University of Cambridge