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University of Nottingham welcomes new £5.2 million technology centre

Published: Wednesday, 11 November 2015   Category: All Graduate Jobs News

Anna Soubry, Business Minister, recently visited the University of Nottingham to mark the launch of a new £5.2 million Technology Entrepreneurship Centre (TEC), set to house the next generation of Nottingham talent.

The new TEC will comprise of a 2,000sq metre three-story building based at Nottingham’s Innovation Park, which will be at the heart of the University’s Enterprise Zone.

A huge boost to the city

Office based accommodation will also be provided for up to 50 technology-driven start-ups from the local business community. 

The new TEC will provide a “huge boost” to the local economy and further enhance its chances of being the best place in Europe to start and grow a business, Ms Soubry said. 

The TEC will be the home of the Haydn Green Institute for Innovation and the Entrepreneurship’s “Ingenuity Lab”, it has been announced. This is designed to help graduates and prospective students develop the entrepreneurial skills needed to thrive as business owners later in life. 

To help students develop these skills, the centre will focus on providing support to local businesses which operate in sectors such as Big Data, Aerospace, Energy, Digital and Advanced Manufacturing. 

A ground-breaking new venture

With the aim to create 50 new businesses by 2019, the TEC is expected to generate an additional 350 jobs, generating a combined turnover of £25 million by just 2021. 

Professor Sit David Greenaway, Vice-Chancellor of the University, said he is delighted that the Minister Anna Soubry visited the campus to mark this “ground-breaking” new centre. 

The University of Nottingham is also proud to be one of a handful of institutions to win the University Enterprise Zone status, he explained. 

The new TEC building will be designed to reflect the industrial heritage of the city, with the architecture set to be based around the shape of a tyre, honouring the Raleigh cycles factory which dominated Triumph Road from the 1930s until the end of the 20th Century. 

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