Helio Display Materials, a joint spin out from Oxford and Cambridge universities has taken 3,266 sq ft of space at The Oxford Trust’s Wood Centre for Innovation in Headington.
The firm, which has completed a £3.5 million venture funding deal, has taken new R&D and office space for its work in improving screen display quality.
Chief executive, Simon Jones, said: “I have been deeply impressed by the professional and flexible response of the Wood Centre for Innovation team to Helio’s specialist requirements. Working together, we are creating the perfect home for Helio’s next exciting phase of accelerated product development.
“It’s hugely valuable that the Wood Centre for Innovation is there for companies like Helio and I look forward to being part of the active community of technology start-ups that they have created.”
Helio Display Materials is one of eight companies to take space following a £1m high spec laboratory conversion project at the Wood Centre which has seen a total of 9,500 sq ft of office space converted into bioscience and deep tech facilities.
The conversion project has been helped by £300,000 of support from the Government’s Local Growth Fund, secured by OxLEP.
The Oxford Trust chief executive Steve Burgess said: “We warmly welcome Helio Display Materials as a shining example of an Oxbridge spin-out collaboration, and indeed all our new customers and their staff.
“It is thanks to OxLEP for securing a second tranche of national Government funding – alongside the trust’s significant own investment – that we have been able to accelerate lab provision at our Wood Centre for Innovation that will give early-stage companies the opportunities they need to achieve their potential.
“It is a real endorsement of what we do to have the first and second phases of our lab development supported by the Local Growth Fund.
“We now offer a complete range of spaces in our two innovation centres from virtual offices and co-working to Grade A office space and class II life science laboratory facilities to support science and tech start-ups focused on R&D on their journey to success.”
Image: Simon Jones and Dr Bernard Wenger, chief technical officer at Helio Display Technologies outside the Wood Centre for Innovation.
© Thames Tap (powered by ukpropertyforums.com).
Sign up to receive your free weekly Thames Tap journal here.