Imperial Event Celebrates Incubator Success

Imperial Business School celebrated the incredible growth of some of their spinout companies that developed in their incubator in a special event on July 21, according to a press release from the school. The incubator is located in South Kensington and provides office and laboratory space for science and tech-based startup companies. The incubator has helped 60 companies grow in the last decade, attracting $1.2 billion in investment.

The event celebrated the achievements of four companies who have outgrown the incubator. This includes image recognition specialist Cortexica, who developed the FindSimilar software used by retailers like Macy’s and Net a Porter, Microtest DX, an allergy testing service, Dearman, a clean cold technology business, and Respivert, a lung disease drug discovery firm. All of these companies are moving into larger facilities as they continue to develop and grow. Imperial’s President, Alice Gast, presented awards to representatives from the four businesses in recognition of their achievement.

Professor David Gann, Vice President (Development & Innovation), was proud that the incubator could help foster such success. “It is extraordinary to see how much value has been created in the Imperial Incubator. The products conceived, jobs created and investment attracted are great news for Imperial, London and the world. The Imperial Incubator community is marked by its creative, collaborative and courageous nature. It is a special moment when a start-up or spinout graduates from its original institution. We are proud of our graduating firms, inspired by their leadership and excited to see what they do next,” he said in a press release.

regions: London

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