Providing an opportunity for companies to take advantage of the campus and intellectual assets at Stirling University, its Innovation Park is at the forefront.
Since 1993, Stirling University Innovation Park has been playing a key role in assisting the regeneration of the local and national economy by acting as a hub for innovative enterprises. Initially developed as a joint venture between Stirling Council, the University of Stirling and Scottish Enterprise, the facility provides an opportunity for companies to locate on the university campus and take advantage of its intellectual assets and act as a conduit for business growth and development within the Stirling economy.
It also facilitates the conception and growth of businesses with a high knowledge capital and encourages companies to develop new products and processes through collaboration. To date, it’s been a recipe for success.
“Over the years it’s been successful at building up a family of companies and organisations that are very fond of the park as a place,” said Dr John Rogers, Director of Research and Enterprise, University of Stirling and chairman of Stirling University Innovation Park. We recently did an economic impact assessment on and it clearly illustrated the loyalty tenant companies have for us.
There is a very strong interest and association with people on the university campus. It’s a great location and that’s something that resonates with businesses. They like being here and like running their businesses here. Our stand out achievement over the years has been building a community of companies in this special location.”
“Stirling University Innovation Park is where inspirational enterprise merges with an inspirational campus setting creating a premier business location in the shadow of the Wallace Monument,” says Lynn Blaikie, Business Development Manager at the park.
“It is home to more than 50 businesses many at the cutting edge in their field. Tenants range from leaders in bioscience and chemical engineering to healthcare and business services,” she adds.
An enterprising client care ethos opens the door for tenants to a dynamic, collaborative community that extends beyond the campus and Stirling University to other universities and external companies. A framework for sharing ideas, knowledge and encouraging innovative connections is a defining feature of the park’s operation.
Perhaps one of the most noticeable features of the park is that it operates at full capacity. And while every business and innovation park suffered in the downturn we were more resilient than most, explained Dr Rogers. He said: “We very quickly regained our footing up to a point that we have a constant pipeline of demand for accommodation from new businesses and we run at full occupancy all the time.
“There is capacity to expand the park with land being available and we’ve been working with our partners at Stirling Council on an option to expand our footprint. Our recent economic impact assessment will help guide our thinking.”
Dr Rogers added: “There is a clear value to the Stirling economy and it is partly because of that loyalty to the park. People are in Stirling because they want to be on the Innovation Park.”