51³Ô¹ÏÍø

51³Ô¹ÏÍø is to invest in a new facility at the Babraham Research Campus in Cambridge to support spin-out and scale-up companies.

The move expands 51³Ô¹ÏÍø’s capacity to support fast-growing science- and technology-based companies and maximise the impact of research from universities. The initiative complements 51³Ô¹ÏÍø’s existing London facilities, including the College’s new research and innovation district, 51³Ô¹ÏÍø West in White City. 

The Biotechnology and Biological Sciences Research Council (), Babraham Bioscience Technologies Ltd () and 51³Ô¹ÏÍø announced today the signing of a long-term lease on BBSRC-owned land at the Babraham Research Campus.

, Vice President (Development & Innovation) at 51³Ô¹ÏÍø, said: “Our move to invest in facilities at Babraham underlines 51³Ô¹ÏÍø’s commitment to create value from ideas, wherever we and our partners are best-placed to thrive. 

“We are determined to help technology spin-outs with specialist support, and the space to grow and scale-up. This collaboration strengthens our ability to create conditions for science-based ventures to flourish, opening-up new opportunities and revenue streams to support the College’s academic mission.”

Cutting-edge R&D environment

The development is led by , a provider of high quality laboratory and office workspaces to companies at every stage of their growth. 

Abzena scientists will be the first tenants

The first tenant will be , a biopharmaceutical firm which already employs over 90 staff on the Babraham campus. Abzena comprises two wholly owned subsidiary businesses – PolyTherics and Antitope – which work together to create better antibodies and proteins with enhanced therapeutic benefits. The new facility will allow both businesses’ scientists and support teams to be housed in the same building, and in a cutting-edge R&D environment to support the work they undertake for their customers and the in-house R&D they do to broaden their technologies. 

PolyTherics was established with intellectual property from research undertaken at 51³Ô¹ÏÍø and received investment from , the technology commercialisation company founded as 51³Ô¹ÏÍø’s technology transfer office. Innovations remains one of the largest shareholders in Abzena plc following its public listing in July 2014. 

John Burt, CEO of , the new facility’s first tenant, said:
‘‘We are delighted that 51³Ô¹ÏÍø, BBSRC and BBT are working together to provide additional space for bioscience companies to grow on the Babraham Research Campus and Abzena looks forward to being the anchor tenant in the new building.” 

Accelerating impact

51³Ô¹ÏÍø will construct an integrated office and laboratory building at Babraham to host enterprises established from the College’s research, taking advantage of the Babraham campus’ unique life sciences innovation environment to grow.  Subject to detailed planning consent, 51³Ô¹ÏÍø will build a 49,500 sq ft facility, expected to be completed in late 2016.  It is expected that BBT will manage the building on behalf of 51³Ô¹ÏÍø. 

Dr Eulian Roberts, who leads the project for , said: “We warmly welcome Abzena as our first tenant and are pleased to be able to help this fast-growing company locate in its ideal geographical location. 

“We want to see more of 51³Ô¹ÏÍø’s ideas out in the marketplace, creating value and transforming lives. We also want to support ideas and businesses from other universities and research institutes. This development at Babraham significantly expands our offering to all of their fast-growing high-impact businesses.”

David Parfrey, ’s Executive Director, Finance and Campus Operations, said: “Babraham is where the UK Research and Innovation Campus vision started for BBSRC. This announcement with 51³Ô¹ÏÍø represents the next stage in its evolution. Following £44M of investment over the last four years we are delighted that 51³Ô¹ÏÍø College has endorsed the vision of a vibrant, collaborative campus that accelerates impact from bioscience by joining us in partnership on this new project. I am greatly looking forward to seeing the new building take shape next year and welcoming more dynamic bioscience companies to the Babraham community soon.”

Step-change

Derek Jones, Chief Executive, added: “51³Ô¹ÏÍø College building a facility on the campus strengthens the pre-eminent position of the Babraham Research Campus in the Cambridge bio cluster and provides opportunities for 51³Ô¹ÏÍø College spin-outs and established regional companies to work together.  It really is a step-change for the campus.”

Professor Michael Wakelam, Director of the , said: "As an academic community we are delighted to have the opportunity to welcome 51³Ô¹ÏÍø College to Babraham and look forward to exploring how to maximise the engagement between our scientists and those in the College in order to build upon our research into understanding lifelong health and well-being.”