SETsquared Exeter’s latest figures have revealed that client businesses turned over £11.5 million in 2017 and have seen a 30 per cent growth in staff numbers.
One of the partners of the world’s number one university business incubation service, the organisation has released growth figures highlighting an encouraging increase in staff numbers and investment for the region.
SETsquared Exeter has supported more than 70 businesses, with 33 based at either the Innovation Centre or Exeter Science Park.
Exeter Science Park is currently developing new grow-on space, which will continue to support pioneering research and development businesses in the science, technology, engineering, maths and medicine (STEMM) sectors.
SETsquared Exeter has supported a range of successful companies, including:
- Milkalyser, an agricultural engineering start-up, which received £1 million of funding to further develop its innovative dairy farm equipment.
- Brain in Hand, a digital health tech company supporting over 2,000 people across 30 clients in health and social care, which has received £2.3 million in funding, recognition from business magazine Forbes and grown into extended office space.
- Seedata, a digital, software and website development agency which has expanded its team and expertise, and is now working with the University of Exeter providing the team with exciting business opportunities.
Commenting on SETsquared Exeter’s successes Joe Pearce, Head of Business Support, said: “We are delighted with the tremendous achievement and ingenuity that our SETsquared Exeter clients have shown over the year. Our partnerships in the community and beyond are continuing to evolve and we are working together to co-create an exciting innovation ecosystem.”
Dr Sally Basker, CEO of Exeter Science Park added: “Working hand-in-hand with SETsquared Exeter has allowed the Science Park to support a host of STEMM start-ups and SMEs and nurture them into fast-growth, productive companies.
“We are working with our partners to develop new space, to welcome new businesses and allow our current tenants to expand. It’s an exciting time for Exeter Science Park and SETsquared Exeter and we look forward to supporting more innovative businesses.”
For more information about SETsquared Exeter, please visit www.setsquared.co.uk or follow them on Twitter. To find out more about Exeter Science Park, visit www.exetersciencepark.co.uk/ or follow them on Twitter or LinkedIn.