22 Apr 2009   |   Network Updates

Development agency invests £2M in Hauser Open Innovation hub

The East of England Development Agency (EEDA) has invested £2 million into the Hauser Forum, an enterprise hub designed to stimulate open innovation between academics, start-ups and established industries in Cambridge.

The Forum will feature an ideas space for emerging companies and a seminar centre for promoting Cambridge research to the business and investment community.

Richard Ellis, chair of the EEDA, said, “EEDA’s continued investment in stimulating innovation is absolutely vital to prepare for the inevitable upturn and help drive UK plc out of the recession [...] the Hauser Forum project, will build upon Cambridge’s world renowned innovation strength to stimulate even more R&D activity and knowledge transfer between business and academia across the region.”

Herman Hauser, of Amadeus Capital Partners and Pamela Raspe, his wife, donated £8 million in January 2008 to fund the building of the hub. EEDA’s investment will provide specific business support services, encouraging multinational companies, start-ups, investors and academics to come together through networking, training and research collaborations.

Hauser said, “I am delighted that the EEDA has decided to support entrepreneurship in the region using the new facilities available in the Hauser Forum.”

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