Spark Impact opens office in Liverpool Science Park

Biomedical fund facilitator takes office space at park’s innovation centre

Article posted: 02 Feb 2011

Spark Impact, facilitator of the new £25M Northwest Fund for Biomedical, have taken up office space in Liverpool Science Park. With the fund now open and applications coming in, the leading early stage venture capital company has opened an office in the park’s innovation centre 1, located off Mount Pleasant.

An estimated 40% of the £25m Northwest Fund for Biomedical will be invested on Merseyside, making Liverpool Science Park's central location and growing presence within the life sciences sector the ideal choice for Spark's permanent office in the region.

The life sciences sector is already a major contributor to Liverpool's economy, employing over 4,000 people and generating turnover of around £250m a year.

Spark Impact is part of the Spark Ventures plc which has been operating for 12 years as a specialist in early-stage venture capital, providing equity investment to high growth healthcare companies in the UK and Europe. It currently manages approximately £190m across a number of investment funds.

Spark is one of a number of new firms to take up space at Liverpool Science Park in recent months. Other new tenants include BioEDEN, the world's first international biobank for the storage of teeth stem cells, research and development company Dynamic Water Technologies, national IP law firm Pannone and technology and innovation company Venere Tech.

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Posted by Ari