Project factsheet

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Aberystwyth Innovation & Enterprise campus (AIEC)

Project description

The Aberystwyth Innovation and Enterprise Campus (AIEC) will cover 7500m2 and house a range of laboratories, pilot processing areas, offices and meeting spaces co-located at the Aberystwyth University. The Campus will host and facilitate collaborative projects with industry and academic staff which de-risk innovation in future foods, biorefining and the bioeconomy. By filling a technology provision gap, and promoting entrepreneurship and innovation, AIEC will host an enhanced community of growing companies engaging in translational development work and create a meaningful regional hub for fostering start up/spin out company formation and new inward collaborative activity in Mid Wales.

Delivery model

The Aberystwyth Innovation and Enterprise Campus will be operated by AIEC Ltd, a company majority owned by Aberystwyth University with Biotechnology and Biological Sciences Research Council (BBSRC) as a minority shareholder. The Campus will be operated as a ‘development hotel’ and AIEC Ltd plans to employ up to 10 members of staff to operate the campus facilities and to market the offer to businesses. AIEC investors are the European Regional Development Fund through Welsh Government, Aberystwyth University and the BBSRC.

Geographical coverage

The project will benefit all local authorities across Wales.

Specific targets

A full range of 28 key performance indicators for AIEC include numbers of start-ups and spin out companies arising from AIEC activities, number of impact case studies involving AIEC facilities and numbers of business visitors to the AIEC facilities. The aim of AIEC is to establish a thriving bioscience centre to improve the translation of the knowledge base in food, animal health and the bioeconomy into industrial application.

Contact details

Name: Dr Rhian Hayward MBE
Email: rih@aber.ac.uk
Telephone: 01970 622837
Address: Aberystwyth Innovation and Enterprise Campus Offices, Gogerddan, Penryncoch, Aberystwyth, Ceredigion, SY23 3EE
Website: Website
Twitter: Twitter

Progress

Progress to end June 2017

The AIEC main campus construction project is in the mobilisation phase, with construction phase planned to start in December 2017.

In June 2017 AIEC Ltd opened a 490m2 office building (leased from Aberystwyth University) for business tenants, with 17 rentable, fully serviced offices varying in size from 8m2 (86 ft2) to 23m2 (247 ft2) with the capacity for 31 vacant desk spaces. Companies can engage with this premises (and the co-located academic community) by taking one of three membership options:

Tenancy – full time occupation of a fully serviced, private office(s)

Associate Membership – part time (40 hrs/month) occupation of a fully serviced, shared office

Virtual Membership – promotion via the website and a registered address

Full comparison of membership options can be found here: https://www.aberinnovation.com/images/uploads/Membership_Packages.pdf