UWE Bristol celebrating world Micro, Small and Medium Enterprise Day 2022 

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UWE Bristol are proud to work with many Micro, Small and Medium Enterprises (MSMEs) across the region. Small and medium-sized enterprises (SMEs) account for up to 90% of businesses, 60% to 70% of employment, and they account for half of global GDP, according to the United Nations.  

To celebrate World MSME Day 2022 we are sharing some recent work and projects with MSMEs.  

In this short video, we highlight three SMEs we worked with as part of our Scale Up 4 Growth Scheme. In partnership with NatWest and Foot Anstey, we gave SMEs access to grant funding and business support to help them scale up. In the below video we hear from The Bristol Loaf, Wiper and True and 299 Lighting about how the funding has helped transform their business.  

Spotlight on Bristol 24/7  

Bristol 24/7 are one of many MSMEs we are supporting through our Skills for Clean Growth programme and our Digital Skills programme.  Below is some feedback from Meg Houghton-Gilmour, Community and Memberships Manager.

Tell us a bit about what you are doing as an organisation to support sustainability goals in the region? 

At Bristol24/7 we’re really proud to be in the process of recruiting a dedicated climate and sustainability editor. We are the first local media organisation to do so as far as we know, and we’ve created this role to engage conversation, inspire people to take action, hold authorities and companies to account and report on the positive work already ongoing in Bristol.  

This is alongside our work to become more sustainable as an organisation. We are currently working with Action Net Zero to assess our carbon footprint, from which we will set goals to minimise our impact on the planet.  

We believe that working together is the best way to tackle the climate crisis. One of the defining values of our Better Business network is sustainability and we share ideas, opportunities and resources with our business members at our quarterly meetings.  

What steps have you taken to ensure you have a diverse workforce to drive forward these aims? 

Diversity and inclusion are at the heart of all of Bristol24/7s plans. We recognise there are considerable barriers to working in journalism and we are aiming to level the playing field at every opportunity. We are continuously improving our recruitment process to make it welcoming and accessible to all those who are interested in working with us. We have redesigned our work experience programme and we are working to introduce a career ladder so that those who have their first taste of journalism with us are invited back for longer placements and interviews for entry level positions.  

We work with the most underrepresented areas of Bristol to train new journalists in our community reporters programme. Our entire team take part in setting our goals and strategy for the year ahead and every voice is heard; we believe this allows for more robust decision making and creativity which are essential when tackling problems such as the climate crisis.  

What support have you received from UWE Bristol, and how has it contributed to these aims? 

We’re extremely grateful to UWE Bristol for their support. Over the last 12 months, our team have benefitted from Digital Skills support and training which has informed our membership strategy. We now also have a stronger marketing strategy which helps us capitalise on the support from our community and grow our membership – the result of which is that we can offer more work experience placements, train more community reporters and work with charity partners. 

More recently, members of our team have also taken part in the Skills for Clean Growth workshops. We already feel more confident in addressing our own carbon output, and we look forward to attending more workshops as we set our new goals, induct our climate editor and take the next steps on our sustainability journey.  

What successes have you seen as a result of the above work? 

In the last year we have seen a 30% growth in our membership, which has provided us with the resource to grow our team, including interns from UWE Bristol, and increase our social impact work. 

Workshops for MSMEs 

Are you a Gloucestershire business looking to scale?​ 

Digital Scale-Up for your Business

Hosted in the Advanced Digital Academy at Gloucestershire College in Cheltenham on Monday 11 & Tuesday 12 July 2022.  

Find out more and register

Growth through Innovation workshop 

5 & 6 July 2022, 09:00 – 16:30 

Business Cyber Centre, Chippenham 

A practical workshop to support your business in creating, communicating and funding innovation, free to SMEs in the Swindon & Wiltshire area. 

Find out more and register

Knowledge Transfer Partnerships  

The Knowledge Transfer Partnerships (KTP) scheme is a UK-wide programme helping businesses to improve competitiveness and productivity. We embed a recent graduate within your business and give you access to our academic expertise to help you transform your business.  

View some of our KTP case studies

Green Skills for Jobs and Entrepreneurship  

We recently supported more than 70 young people to complete the first stage of a transformational ‘first of its kind’ green skills training programme. 

The programme aimed to provide access to green jobs, training and business opportunities to Black, Asian and minoritised young people (aged 18-28), and recent graduates living in Bristol, South Gloucestershire, North Somerset, Bath and North East Somerset. 

Get in touch  

We are always keen to work with MSMEs so please do get in touch to discuss how we can support you and your business uwebusiness@ac.uk  

Applications open for Partnership PhD scheme

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UWE Bristol has recently announced another application round of its successful Partnership PhD programme.

A Partnership PhD bridges the gap between external organisations and university. It enables an organisation to gain access to cutting-edge real-world research that can help transform it.

The Partnership establishes a relationship between an organisation and UWE Bristol, based on a specific project that is mutually beneficial.

Organisations have the opportunity to choose a relevant research area and gain access to cutting-edge research. The researcher will work extensively with the organisation to provide a tailored piece of research.

In turn, the researcher will gain an opportunity to pursue their research in a real-world setting, developing transferable and interdisciplinary skills whilst gaining cross-sector experience.

Over the past two years, the Graduate School, part of the Research, Business and Innovation team at UWE Bristol, has been developing the Partnership PhD scheme. Through it, UWE’s investment in Post Graduate Research has been matched by over £1.5m from 40+ partner organisations.

Application deadline 1 July 2022 for Partnership PhD’s starting in 1 January 2023.

Email uwebusiness@uwe.ac.uk to find out more.

Please find below full Partnership PhD guidance, costings, useful information and the flyer for businesses:

See below for our slides for businesses:

Email uwebusiness@uwe.ac.uk to find out more.

University Enterprise Zone supports over 100 innovation start-ups and contributes £17m to Bristol economy, report shows

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More than 100 innovative businesses have been supported by Future Space, launched just five years ago in 2016 by the University of the West of England (UWE Bristol), a new report has revealed.

Managed for the university by Oxford Innovation, Future Space provides office space, labs, workshops, and co-working space at the heart of the University’s main Frenchay Campus.

One of four University Enterprise Zones (UEZ) set up nationally, it was intended to build bridges between innovative, fast growth businesses, academic researchers, and students, sparking new ideas and opportunities.

This new report reveals that the UEZ has supported more than 100 innovative businesses to create 240 new products and services in the region. Between them, the businesses located at the UEZ have raised almost £45m in finance, created 427 jobs and contributed almost £17m to the local economy.

Future Space businesses include university spinouts, student start-ups as well as high tech, science-based businesses attracted from across the UK and internationally. The team behind the space took home the Community Award at last year’s local SPARKies Awards, recognising their contribution to the Bristol tech cluster.

Over 40 UWE Bristol students have completed internships with these businesses, and more than 20 UWE Bristol graduates have gone on to be employed on a permanent basis.

The news comes shortly after Bristol was named the most innovative city in the UK outside of London, while UWE Bristol was named on a list of universities in the UK that have produced the most start-ups.

As well as demonstrating the key role Future Space has played in powering innovation in the region, the report highlights that this success has been achieved due to close collaboration with their members, with UWE Bristol, and with their neighbours the Bristol Robotics Lab and the Health Tech Hub.

Future Space five years impact video

Jo Stevens, Managing Director for Oxford Innovation, says:

“Oxford Innovation are delighted to partner with UWE Bristol at Future Space and very proud of what has been achieved there by the team, in supporting so many innovative businesses to grow and create so many new products and services.

Innovation is the lifeblood of growth in the UK, and Future Space is a great example of the impact that can be achieved through real collaboration between academia and business.

We can’t wait to see what the next five years will bring.”

Martin Boddy, Pro Vice-Chancellor Research and Enterprise at UWE Bristol

“UWE Bristol is particularly proud of Future Space, the businesses it supports and the links that we have built between leading-edge, high-tech businesses, university researchers and our students.

We’re committed to working with and supporting businesses across the region, and Future Space has enabled us to do that on a much deeper level and with real impact.

Future Space has provided many excellent opportunities for our students and the wider community. Joint research has created innovation and jobs, and it has played a huge part in us championing and driving innovation across the region”

CASE STUDY: Indus Fusion – from start-up incubator to health tech innovators

One of the businesses supported by Future Space is Indus Fusion, who hit the headlines recently for their innovative vaccine preparation device. Co-Founder of the business, Arthur Keeling, started out as a student at UWE Bristol where he studied on the Team Entrepreneurship course for three years.

“This course allows you to learn everything you need to set up and run a business alongside your studies.” Arthur says. “When I left university, I wanted to try out a few of the business ideas that I had. Because of the connection between UWE Bristol and Future Space I was able to join the Launch Space incubator programme and get one-to-one mentoring and support to develop these ideas.

“Once we’d developed our ideas into a clear business plan, we were able to apply for funding and investment, which enabled us to grow. We moved into Future Space permanently, where we were able to tap into support from the Bristol Robotics Lab to scope out ideas and access equipment.” Indus Fusion is now focusing on how automation can improve the service in sectors such as food, health and care. Their automated vaccine preparation device is currently being tested in NHS Covid-19 vaccine clinics, with early trials indicating a 40 per cent increase in roll-out capacity.”


UWE Bristol’s Launch Space Incubator cohort takes off!

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The University of the West of England‘s 2021 Launch Space incubator cohort gathered for their induction last week at Future Space – Bristol. The day was led by Mark Corderoy from UWE Bristol and Aimee Skinner from Oxford Innovation.

Launch Space is for aspiring entrepreneurs and early stage businesses and is home to high-tech, innovative start-ups with a strong focus on research and development. The residents receive free business support, incubation, and acceleration services.

The group started off the day with a welcome from Tracey John, Director of Research, Business and Innovation, before hearing first hand from Arthur Keeling of indus four about their journey from UWE Bristol, to Launch Space, and into their current office at Future Space.

Next up were talks from key members of UWE Bristol’s University Enterprise Zone, including Shaun Jordan from RIF Bristol, and David Attwood from the Health Tech Hub, as well as the chance to speak with Andy Johnson from the Centre for Print Research about the fascinating work going on in their new location at Frenchay campus. After lunch, the group were thrown in at the deep end, delivering 90 second pitches to each other!

There were some seriously exciting #ideas, #innovations, and #entrepreneurs in the room, and we’re looking forward to seeing how they progress over the coming months.

‘As founder of VisitMôr, I am really excited to be on the UWE Launch Space business accelerator. The expertly led programme offers access to unparalleled specialist, technical and business support. It’s perfect to nurture the development of our new interpretation and visitor experience products  — these will be designed to help the museum, heritage, and conservation sectors to tell their own stories. We are also thrilled to be sharing our Launch Space journey with a talented cohort of fellow business pioneers; it will be great to share ideas amongst peers.’

Beth Môrafon, Founder/Director VisitMôr Ltd and Launch Space Resident.

Beth Môrafon, founder and director of VisitMôr, a public realm and visitor experience consultancy

“Launch Space has been an excellent asset for myself and my business so far. The support from the mentors has been invaluable and the opportunity to learn from other entrepreneurs and share experiences with them has been amazing.”

Guy Thurlow, Co-Founder and Client Director, TargetStudent and Launch Space Resident.
Guy Thurlow, Co-Founder and Client Director Target Student, offering digital advertising platforms for business brands in student accommodation.

Future Space Business produces technology to help tackle sustainability and climate change issues

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Future Space is part of UWE Bristol’s University Enterprise Zone. They aim to drive the University’s ambitions to prepare students with entrepreneurial skills, spark collaboration between UWE researchers, innovators and entrepreneurs and commercialise the latest research.

Professor Steve West, UWE Bristol Vice-Chancellor and President, said:

“This is the latest venture that sets us apart as a technology-based university focused on generating opportunities for business growth and collaboration.

There is no doubt in my mind that fostering an entrepreneurial atmosphere on our campus is a win for our students and our research community, as we know that by collaborating and nurturing business we create a climate of innovation that has a ripple effect.”

Future Space is part of one of four University Enterprise Zones in the UK. The West of England University Enterprise Zone provides facilities and services to companies specialising in robotics, biosciences, medical technologies and other high tech sectors. 

Albotherm is a member of Future Space and they are focusing on developing technology that provides a solution to address climate change.

Here’s their story:

Albotherm was founded by a team of scientists turned entrepreneurs in 2020 with a vision to bring our planet one step closer to carbon neutral and ensure future food security with their passive cooling technology.

Air conditioning alone currently accounts for 20% of electricity usage from buildings and this is expected to triple by 2050 due to rising global temperatures. Using fossil fuel derived energy for air conditioning traps us in a ‘Catch 22’ as we are further warming our planet, creating even more demand for cooling.

At Albotherm we are developing coatings based on novel polymer chemistry that reversibly transition from transparent to white, passively cooling the structure they coat by reflecting solar radiation in hot weather. We can control the trigger temperature this transition occurs at, between 18 ℃ and 45 ℃ to create optimal conditions in a range of climates. Our technology works without electrical input, cutting down carbon emissions associated with air conditioning and removing our reliance on fossil fuels.

Our first product is a glass coating aimed at the Greenhouse Horticulture market. Greenhouses are designed to extend our growing seasons by increasing growing temperatures during colder months, hence the term “The Greenhouse effect”, however they are consequently prone to overheating in the Summer months.

Currently, greenhouses are painted with chalk based white paints each summer. This is a labour intensive process and also means light levels are reduced even on cooler summer days. Unlike these solutions, our coatings only turn white to shade crops when they risk being damaged by heat. This protects crops while maximising light levels in cooler days, boosting yields in an industry that has historically struggled with razor thin margins.

In the future, we plan to develop products for commercial buildings to reduce carbon emissions associated with air conditioning. At the moment air conditioning accounts for 20% of electricity usage from buildings and 10% of total global electricity usage. By applying our technology to windows and roofs, we can significantly reduce energy usage from these buildings to protect against the impacts of climate change.

Furthermore, another key benefit of our technology is the ease with which it can be retro-fitted. More than half of current global building stock will remain standing in 2050. On top of that, two thirds of UK homes do not meet energy efficiency standards. Is it essential that we improve the sustainability of the buildings we currently have and retrofitting is the only way to do that. As our technology is applied as a coating, it can be easily sprayed onto existing and new buildings.

To get in touch with Albotherm please click here

University Enterprise Zone Spotlight: Robotics Innovation Facility

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The Robotics Innovation Facility (RIFBristol) is one of five areas that make up UWE Bristol’s University Enterprise Zone. The below spotlight explains its purpose:

Located beside the UEZ café, which forms a central meeting place for the building’s companies, entrepreneurs and academics, is one of the most exciting parts of the University. Identifiable by the array of industrial robot arms and other cutting-edge hardware, visible through its window onto the café – the Robotics Innovation Facility (RIFBristol) is a high tech, inspiring and truly creative space. 

As UWE Bristol’s specialist industry-facing unit within the Bristol Robotics Laboratory (BRL) – a collaborative partnership between the city-region’s two universities and the UK’s most comprehensive academic centre for multi-disciplinary robotics research – RIFBristol provides training, research and consultancy services to a range of private and public sector clients.

Recognised as a Digital Innovation Hub by the European Union, it has been successfully delivering robotics workshops, prototyping and validating new products, demonstrating how automation can improve manufacturing processes, and supervising student-industry collaborations, since 2013.

“Our engineers help clients to trial various technical solutions, identifying the best options for their requirements,” says Farid Dailami, Director of RIFBristol and Associate Professor for Knowledge Exchange in Manufacturing.

“They can advise on capital purchases, support the deployment and integration of hardware, undertake research and proof-of-concept work, and deliver training.”

One of the unique strengths of RIFBristol is what it describes as its ‘brand agnostic’ approach. As part of BRL and UWE Bristol, it is not tied to a particular hardware manufacturer or supplier. It is, therefore, under no pressure to favour a particular brand or model and its advice is always honest, unbiased and wholly tailored to its customers’ needs.

This also means that its dedicated workspace in the UEZ is equipped with an impressive range of manufacturing equipment. ABB, KUKA and Universal robot arms sit alongside conveyers, sensors, cameras and laser measuring systems, all of which can be used to address clients’ research, CPD and product development challenges.  

“Our expertise is as diverse as our hardware”, says Dailami. “Our staff have knowledge of industrial robotics, cobotics, mechanical and electronics engineering, mechatronics, smart manufacturing, 3D printing and simulation. This diversity is our strength. We can help with robotics, but we can also bring knowledge and experience of related disciplines into play”

Alongside its private consultancy projects, RIFBristol leads several publicly funded research and business support programmes. The EU-funded TERRINet initiative, for example, enables researchers at all levels, from undergraduates, to PhD candidates and industry-based professionals, to access robotics infrastructure located across Europe. 

Since 2018, RIFBristol has also delivered the ERDF-funded SABRE Programme. This £1m project has enabled small and medium sized enterprises (SMEs) from across the West of England to explore the benefits of robotics and automation.

From start-ups, micro-enterprises and sole traders, to larger and more established companies, its free and subsidised services have helped businesses to get the most from these important technologies.

“RIFBristol and the SABRE Programme played a vital role in the completion of our initial prototype. It enabled the company to undertake pilot studies with leading OEMs – and to safeguard the development of this exciting technology in the UK, securing 3 existing, and creating 4 new, jobs in the West of England.”

Dr Evangelos Zympeloudis, CEO, iCOMAT Ltd | www.icomat.co.uk


For more information about RIFBristol visit its website. The University Enterprise Zone is also made up of the Health Tech HubFuture SpaceLaunch Space and the Bristol Robotics Laboratory Hardware Incubator.

University Enterprise Zone Spotlight: Future Space

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Future Space is one of four areas that make up UWE Bristol’s University Enterprise Zone. The below spotlight explains a bit about them:

Who we are

Future Space is an innovation centre, based on UWE Bristol‘s Frenchay campus, within the University Enterprise Zone. The centre offers a range of office space, laboratories, workshops, and coworking facilities designed specifically for high-tech, science-based entrepreneurs and innovators. Future Space is managed by Oxford Innovation, the UK’s largest operator of innovation centres, and manages a growing network of over 25 innovation centres in the UK.

A former head chef, a PhD in cancer genetics, and one of the region’s top 75 innovators; just some of the eclectic accolades of our Future Space Team. With a wealth of experience in business, and managing lab and workspace, we’re on hand to help entrepreneurs grow their businesses.

What we offer to business

There are many reasons why Future Space is a fantastic location for growing science and technology businesses: Purpose built laboratories; Customisable workshops; and a range of flexible offices and shared spaces. A distinct advantage is the positioning of the centre – on UWE Bristol campus and co-located with the Health Tech Hub and Bristol Robotics Laboratory.

We also have an onsite Innovation team to oversee all the business needs of our community and provide practical business support for our tech and life science residents. As well as running peer networks and 1:1 support, the team organises free expert advice for resident businesses, connects companies with the University, and designs and develops a varied support programme of workshops and Q&As.

An event held in the Hub Space of the University Enterprise Zone

How we work with UWE

Our Innovation team works closely with UWE Bristol to drive collaboration opportunities. If you are a small company in the early stages of development, it can be difficult to find the capacity to carry out all aspects of running the business as well as giving focus to building your product and services. The knowledge and expertise you have in-house is also likely to be limited. Universities can play a key role in helping SMEs grow, with access to skills training, student and graduate resource, academic expertise, and an abundance of practical advice.

Businesses based at Future Space have benefitted from more than 200 engagements with UWE Bristol, from the use of specialist equipment at the university, to funded business assist support through programmes such as the Health Technology Accelerator Programme and SABRE. This support has enabled companies to build new products and services, as well as giving access to valuable knowledge and technical expertise that is needed in the early stages of development.

You can read more in our recent article.

What’s new for 2021/2022

Student and graduate engagement with SMEs are a core focus in the centre, with residents offered fully funded UWE Bristol internships, as well as regular chances to pitch project briefs to degree and masters level students. This year we launched our new internship programme aimed at post-graduate students, as well as undergraduate students – more than 40 interns have been employed in the Future Space community over the years, and these internships bring in vital skills and talent to resident businesses. We will be developing this programme further in 2021/22.

This year, our team also got involved in UWE Bristol’s Digital Innovation Fund, delivering innovation training as part of the ‘Innovation & Bid-writing’ course, delivered to SMEs in the region. This was a great opportunity for SMEs and our Future Space community, and we are committed to working closely on future programmes.

Our strong affiliation with UWE Bristol brings a huge amount of opportunities for resident businesses, from student and graduate engagement, to innovation support, and funding opportunities. The impact of all of this work is seen in the great successes of our community, and you can read about some of these in our cases studies and blogs. We’re excited to see what’s next.

For further information about Future Space please contact info@futurespacebristol.co.uk

UWE Bristol’s Launch Space open for applications

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UWE Bristol’s Launch Space Incubator is now open for applications from aspiring entrepreneurs and early stage businesses. Based within the University Enterprise Zone (UEZ), Launch Space is home to high-tech, innovative start-ups with a strong focus on research and development. Applications are now open for the free business support, incubation, and acceleration services we provide for graduate entrepreneurs and early-stage businesses.

The Launch Space incubator and accelerator could be the place for you if:

  • you have a business idea you’d like to put into action
  • you’re a recent graduate, or in the early stages of developing your idea
  • you need support to validate and develop your business further.

With access to communal networking areas, use of professional meeting rooms, and on-site hot-desks, you can get ready to launch your business. Launch Space is home to existing graduate-led businesses at various stages on the start-up journey, so you’ll be working alongside others who have a common goal of making their vision a success.

Launch Space is open to graduate-led, or early stage, businesses with high-growth potential. We’re looking for those that are working on products and services across key themes:

  • Health and life science
  • Advanced engineering
  • Digital futures
  • Sustainability and climate change

Our new Launch Space programme will kick off with an exciting Induction day onsite in early October. Meet your peers, say hi to our Innovation team, and get your first glimpse of the science and tech community in our University Enterprise Zone.

A weekly programme of pitch events, boardroom advisor sessions and coaching sessions will kick start your start-up journey and help bring your idea to life.

If you’re a graduate entrepreneur, you may also be able to benefit from a £6,000 bursary to support you, while you focus on your new business.

Interested businesses will need to complete a short application form before being invited to an interview. Find out more about the application process here.

Mark Corderoy, Entrepreneur in Residence UEZ, commented:

“We are excited to be able to accept new applications to Launch Space. Launch Space gives those starting out or recent graduates with a business idea the support to be able to really focus on their start-up. The 1-on-1 support and access to expertise and facilities is invaluable for any new business”.

Find out more here.

UWE Bristol and Future Space listed as top Innovators in region

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TechSPARK recently produced their list of top entrepreneurs, techies and innovators who they have named the Top Innovators in the region.

TechSPARK is a not-for-profit network dedicated to connecting, educating and strengthening the digi-tech cluster in the West. They work with tech and digital businesses from Startups to Scaleups, SME’s to Global Corporations based in the region to help them to grow.

In 2019 TechSPARK compiled a list of top innovators from across the region to celebrate and recognise their achievements. We were delighted that the 2021 list featured Aimee Skinner, Innovation Manager at Future Space and Mark Corderoy, Entrepreneur in Residence at UWE Bristol.

Aimee said:

“I am thrilled to have been named as one of the region’s top 75 innovators. The list is brimming with innovative thinkers, future leaders, and entrepreneurs, and I am proud to be considered amongst them.”

Aimee has background in Environmental Science and a decade of continuous improvement experience in regulated industries. She is currently Innovation Manager at Future Space, as well as co-managing Bristol Innovators’ Group. Future Space is part of the University Enterprise Zone, based on UWE Bristol Frenchay campus, and managed by Oxford Innovation. In her role she actively supports the growth of start-ups and SMEs within the South West, providing a range of business support and advisory services, as well as running University engagement opportunities, such as a dedicated Internship programme for resident businesses.

Mark said:

“It’s really pleasing that our work in the University Enterprise Zone is being recognised. Launching a start-up is an ambitious venture for anyone, and we are always trying to find new ways to help these companies succeed.”

With a background in engineering and technology in a variety of commercial settings, Mark is an experienced Technologist and Mentor. He has been at UWE Bristol for last four years as Incubation Manager for the Bristol Robotics Laboratory the leading and largest academic centre for multi-disciplinary robotics research in the UK and also Incubation Manager for Launch Space, a programme that provides business support and space to start-up businesses in UWE Bristol’s Enterprise Zone.

To contact Aimee email ASkinner@oxin.co.uk and to contact Mark email Mark.Corderoy@uwe.ac.uk .



Launch Space Business Bunk to receive funding from Nationwide

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A start-up funded by our alumni, that grew out of Launch Space within the University Enterprise Zone has received investment from Nationwide Building Society:

Nationwide Building Society yesterday announced its latest venturing fund investment in Bunk, a digital lettings agency. Bunk uses the latest technology, including Open Banking, to help improve the rental market for both landlords and renters – something the Society, which both represents landlords, as a major buy to let lender, and tenants with over two million members who themselves rent their home, has campaigned on. 

The investment is the latest deal from the £50 million Venturing Fund set up just over a year ago to create partnerships enabling the Society and start-ups to share knowledge and expertise. As part of the fund, Nationwide is making strategic investments in and partnering with early stage start-ups exploring innovative products and services that could provide real benefits for the Society’s members in the future.

Around half of all landlords choose to run their rental businesses on their own. In a market where regulations change frequently, landlords often need support in ensuring they comply with the rules. Bunk can automatically list a landlord’s property on reputable sites, verify tenants as well as providing peace of mind to tenants by verifying the landlord proof of ownership.

The service allows landlords to list a property within minutes, which can then be viewed by potential tenants on their website and app as well as on major portals such as Rightmove and Zoopla. Bunk can make a landlord’s life easier by processing tenants’ references and completing the tenancy set up within the site. Once the properties are listed, landlords can view them on a dashboard, which also notifies them when a deposit and rent has been paid, saving the need to review their current account statements. Bunk also allows tenants and landlords to correspond within the site, so enquiries such as expressing an interest in renting a property and maintenance requests will go directly to them, providing transparency giving landlords and tenants peace of mind.

To ensure landlords are up to date with their responsibilities and able to comply with the latest regulation, Bunk offers prompts and smart insight. For example, landlords are unable to take more than five weeks’ rent as a deposit and the system will not progress if they try to take more than this. In addition, Bunk also offers support and advice for those who have become accidental landlords. Bunk have also partnered with Experian, so tenants who make regular rent payments on time will see this reflected in their credit file, something which starts to redress the balance between renters and homeowners, who’s regular mortgage payments already make up part of the credit file.

Tony Prestedge, Deputy Chief Executive at Nationwide Building Society, said: “Nationwide is one of the biggest Buy-to-Let lenders in the UK and we have long campaigned to improve standards within the rental sector for both tenants and landlords. Bunk is combining the latest digital technology backed up with human service to not only offer a seamless digital experience but also reduce friction in the rental market between tenants and landlords. Many landlords choose to manage their portfolio on their own, the service that Bunk offers could support them, ensuring they’re on top of their obligations and providing a better service to their tenants. They are a natural fit for our Venturing Fund investment, which seeks to fund start-ups that are focussed on making people’s lives easier through smart insights and fair practice.”

Tom Woollard, CEO at Bunk, said: “We want to build something the rental market has never seen before. Landlords are facing reduced margins coupled with increased regulation and there has never been a better time to make their lives easier through the use of technology. Bunk is there to make the process less stressful and more enjoyable for both renters and landlords. Bunk’s mission is to make renting work for everyone and we’re thrilled to have a partner like Nationwide backing our vision.” 

Mark Corderoy, Incubation Manager at Launch Space, said “Bunk is a great example of a business that has thrived through the support provided by UWE’s Launch Space incubator. During their time in Launch Space, Bunk grew from a team of 3 graduates to 11 staff, got through to the finals of Pitch@Palace, and successfully developed and executed their current funding round.”

Launch Space’s role is to provide support, guidance and experience for companies like Bunk as they embark on their entrepreneurial journeys. They provide free desk space and business support for graduate start-up businesses in the heart of the UWE Bristol University Enterprise Zone.

To find out more about Bunk visit their website.

Launch Space will receive up to £2,000,000 of funding from the European Regional Development Fund (ERDF), as part of the European Structural and Investment Funds (ESIF) Growth Programme 2014-2020. The Ministry of Housing, Communities and Local Government (MHCLG) is the programme’s Managing Authority. Established by the European Union, the ERDF helps local areas stimulate their economic development by investing in projects that support innovation, businesses, job creation and local community regeneration.

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