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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.
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.
The project will benefit all local authorities across Wales.
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.
