Trinity College and Tus Park, the science park development body of Tsinghua University, have agreed a £200 million joint venture that will catalyse a new phase of renewal and investment in Cambridge Science Park.
The Master of Trinity, Sir Gregory Winter signed the landmark agreement with Tus-Holdings Chairman, Wang Jiwu, at an event in Beijing attended by the UK’s Secretary of State for International Trade, Dr Liam Fox, and President of China Health Information and Big Data Association Jin Xiaotao.
The collaboration involves the development of five office/research buildings, amounting to 350,000 sqft, including a state-of-the-art Biohub – a first for Cambridge Science Park. The Biohub will provide labs and offices for early stage companies and inventors working on a wide range of healthcare products and technologies, including non-invasive diagnostics, new classes of drugs, novel surgical techniques, and new ways of monitoring patients in their homes after treatment.
The Biohub will complement the new Bradfield Centre, which opened in July 2017, enabling synergies between entrepreneurs in different sectors and new applications of technologies such as artificial intelligence, virtual reality, imaging and machine learning in healthcare.
The Bradfield Centre is a collaboration between Trinity College and the Department for Business Enterprise and Industrial Strategy that aims to foster growth and collaboration in the Cambridgeshire region’s ever-expanding technology cluster.
Trinity’s Senior Bursar, Rory Landman, said:
“This landmark investment is great news for Cambridge Science Park and its resident technology start-ups. Together, the Biohub and the Bradfield Centre will increase the proportion of early stage companies on the Park. This will strengthen Cambridge’s world-class position as the place to develop and grow deep technology businesses”.
The joint venture with Tus Park is part of Trinity College’s wider strategy for Cambridge Science Park and marks an important phase of renewal investment in the oldest part of the Park. Other elements of the collaboration will include academic exchanges between Trinity and Tsinghua University.