Promoting growth and innovation

The Centre for Engineering and Manufacturing Excellence (CEME) has announced the appointment of Oxford Innovation to act as manager for the CEME Innovation Centre.

The appointment was marked by an event that highlighted the need to secure funding for manufacturing companies.

Speakers included Dr Neil Morgan, lead technologist of engineering design and advanced manufacturing at the Technology Strategy Board, and Leo Dunne, manager of Thames Valley Investment Network.

The partnership between CEME and Oxford Innovation is hoped to form part of a broader plan to promote local companies to the global market.

CEME and Oxford Innovation aim to support high-growth technology start-ups by allowing them to take advantage of the benefits available at innovation centres.

Bill Williams, chief executive of CEME, said: ‘It is crucial for high-tech, high-growth companies to have the right environment and business support package in their early years.

‘We are delighted that, with the support of Oxford Innovation and CEME’s own business support team, CEME Innovation Centre can now provide access to the mentoring, networking and investment funding these companies need in order to grow and enhance the prosperity of this region.

‘We hope to grow the number of innovative technology based companies in the area using models that have worked well in other parts of the country.

‘This is an important next step and will complement our existing offer to established businesses and individuals.’

Oxford Innovation specialises in partnerships with regional development agencies, businesses, government and universities and currently supports 14 other innovation centres throughout the UK.