Helio Display Materials has expanded its R&D laboratory space at The Oxford Trust’s Wood Centre for Innovation.

The fast-growing firm, the first joint spinout from both the University of Oxford and University of Cambridge, provides materials for improving the quality of LCD, OLED and µLED screens.

The company moved into the Wood Centre for Innovation in Headington in March 2022 with seven people, occupying 2,720 sq ft.

Since then the team has expanded to 17 people and Bulb Interiors has now converted an office suite that totals 546 sq ft into further lab space. Helio now occupies a total 3,266 sq ft.

Helio chief executive Simon Jones said: “Taking office and lab space at The Oxford Trust’s Wood Centre for Innovation has allowed us to expand our team and grow organically. It is the perfect home for Helio and great to be part of an active community of start-ups located in the Centre.”

Helio is one of eight companies with R&D lab and office space at the Wood Centre which includes Samsara Therapeutics, DJS Antibodies, Human Centric DD, Lumai, RedShift Bio and PicturaBio.

Chief executive of The Oxford Trust Steve Burgess said: “With the trust’s significant investment in R&D lab provision, we have been able to give early-stage companies the opportunities to achieve their potential. It is wonderful to see companies like Helio Display Materials flourishing in our Wood Centre for Innovation in Headington.

“Since 2021, we have converted nearly 10,000 sq ft from office to lab space to meet the exceptional demand from businesses for lab space in the heart of Headington’s life sciences’ district. Congratulations to Helio for its continued expansion.”

Image: The Helio team.

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