University of Surrey, SETsquared
Contact Details: |
Sarah De'Lacy, Centre Director for Surrey's SETsquared Business Acceleration Centre and Operations Manager for the Surrey Technology Centre |
Type of Project: |
SETsquared is located within the 74,000 sq ft Surrey Technology Centre, a development built in 1986 for the purpose of business incubation. The Surrey Technology Centre is on the Surrey Research Park in Guildford. The Surrey Technology Centre provides space for technology, science and health companies (research, development and design). The Research Park is owned and managed by the University of Surrey. There are over 140 companies hosted on the 70-acre (28.5 ha) Park. The companies engage in science, engineering and technology-based activities. |
Start/End Date: |
SETsquared Surrey has been in Surrey Technology Centre since 2006. Prior to that the incubation activities took place elsewhere in another building on The Surrey Research Park. Malcolm Parry, Managing Director of Surrey Research Park was a major driving force behind the enterprise activity. |
Funding Sources
Funding for the space has come from a variety of sources including -
- Higher Education Initiative Fund (HEIF)
- University of Surrey support
Investment for SETsquared companies has come from a variety of sources including -
-
Angel/High Net Worth Individual Funding - Surrey 100 Club is the University of Surrey's Angel Club, the Club was formed in 2007. Provides opportunity for investment and active mentoring
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High Net Worth Individual (HNWI)/Venture Capital
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SETsquared Annual Showcase Event. Investor Event at the Institute of Civil Engineers, a unique event, now in its 7th year
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Over £12 million has been raised over two years from grants/angels/venture capital
Research & Development grants -
The companies have attracted over £120 million in funding and helped create over 1000 jobs.
All proceeds are invested back into the University of Surrey.
Cost of project
Original funding was £1.5 million in 2002.
