Impact
LUinc. businesses secure patents, get funded, create jobs and win awards
LUinc. businesses secure patents, get funded, create jobs and win awards
LUinc.
Our business incubator has worked with 140+ businesses and social enterprises in the decade after its launch in 2011. The introduction of the Wayfinder project in 2021, followed by our Sports Tech programme in 2022, have significantly increased LUinc’s reach and impact.
LUinc.’s aim for 2022 and 2023 is to run two cohorts annually, starting in Spring and Autumn, each of which will have 2 streams of member businesses. This means that we are scaling our operation to manage 40 startups each year - and they are coming from the campus, the local area and around the world.
LUinc.
A sample of 37 of the businesses the incubator has worked with since launch found they had created hundreds of jobs and raised more than £2.3m in funding over the course of 2021.
The Wayfinder Project is part-delivered at the Careers and Enterprise Hub in Loughborough town centre. It contributes to levelling up opportunities and economic activity in Loughborough by supporting people into skills and enterprise. It opened in May 2021, having been made possible through £750,000 of initial Town Deal Accelerated Funding.
Previsico spun out of Loughborough in 2019 following two decades of research and development into a world first surface water flood forecasting system. Through the LUinc. system we grew our team rapidly then transitioned to larger space at ATIC. Having raised £1.75m in VC investment in 2021, we plan to employ 70 people by 2024. Being based at Loughborough has been invaluable by enabling us to continue research collaboration and recruit talented graduates and academics.
Dr Avi Baruch
Chief Operating Officer
Previsico
We began working with LUinc. after spinning out of Loughborough University in 2021. We raised £180,000 in seed round funding and developed our first two working prototypes. In addition, we engaged in pilot studies with major potential customers in the drinks industry to showcase our capability. LUinc. provided office space, as well as introductions to influential industry-based alumni. We have also received support for several innovation awards which we have won.
Rhush Maugi
Co-founder
Figura Analytics
Joining LUinc. gave me the tools, support and confidence I needed to turn my idea into a graduate startup business. Were it not for LUinc. I would likely not have had the courage to take the initial leap. Since being part of LUinc. I have launched my product on Kickstarter, won multiple pitching events, raised pre-seed investment, won Barclays Bank Entrepreneur of 2021/22 and been named an Innovate UK Young Innovator.
Thomas Constant
Founder
Beobia
LUinc.