H.I.G. Realty Collaborates with Queen Mary BioEnterprises
H.I.G. Capital, a prominent global alternative investment firm with an impressive $67 billion in capital under management, has exciting news to share. They have entered a strategic partnership with Queen Mary BioEnterprises Innovation Centre, located in the bustling area of Whitechapel, London. This collaboration is designed to establish a substantial incubator space that will span 40,000 square feet at the innovation hub, marking a significant step forward for the life sciences sector.
Transforming the Whitechapel Life Science Cluster
The partnership involves a close collaboration among H.I.G., its development partner Lateral, and notable organizations such as Barts Life Sciences (BLS), Barts Health NHS Trust, Queen Mary University of London (QMUL), and the U.K. Department of Health & Social Care. This initiative is geared towards building a leading life sciences cluster in Whitechapel, intended to accelerate the development of essential healthcare solutions and innovative treatments.
A Vision of Growth and Opportunity
The creation of a state-of-the-art incubator alongside shared services aims to cultivate a nurturing environment for startups and spinouts. The experience that QMB brings in managing incubator spaces is invaluable; it not only aims to deliver high-quality employment opportunities but also encourages career advancement and educational growth within the life sciences and STEM fields.
Leadership Insights on the Partnership
Jérôme Fouillé, Managing Director at H.I.G. Realty in Europe, expressed his enthusiasm regarding this collaboration: "Partnering with QMB for the development of this exceptional incubator space at Cavell Street embodies a vital step in nurturing a thriving life sciences cluster in Whitechapel. Aiming to enhance H.I.G.’s real estate platform dedicated to life sciences in the U.K., we are committed to providing premium facilities and support to help startups innovate and flourish, contributing meaningfully to health advancements."
Community and Innovation at the Forefront
Ted Webster, Chairman of QMB, shared his perspective on the partnership: "Joining forces with H.I.G. presents an exciting opportunity to expand our established model of supporting life science startups. This new incubator space will allow us to foster the upcoming wave of innovative companies by equipping them with the necessary resources for success. Our commitment to advancing scientific research is aimed at delivering substantial advantages to both the local community and beyond."
About Queen Mary BioEnterprises Innovation Centre
The Queen Mary BioEnterprises Innovation Centre opened its doors in 2011, becoming London’s premiere facility specifically designed for early and late-stage life sciences startups. With a sprawling 39,000 square feet dedicated to wet laboratory and office space, QMB has established a formidable record in supporting innovative companies, providing them access to the prestigious resources available through Queen Mary University of London’s School of Medicine and Dentistry. These efforts ensure that the new incubator space will foster an environment conducive to growth and innovation within the life sciences sector.
About H.I.G. Capital
H.I.G. Capital stands as a leader in the realm of global alternative investments, managing a noteworthy $67 billion. Headquartered in Miami, with multiple offices across various major cities, H.I.G. employs a versatile strategy, focusing on both debt and equity investments targeted at mid-sized companies. This approach leverages their operational expertise to maximize value in their portfolio, which encompasses a diverse range of successful businesses.
Expertise and Experience Matter
Since its inception in 1993, H.I.G. has made substantial investments in over 400 organizations globally. Currently, their portfolio features more than 100 companies, collectively generating sales exceeding $53 billion. This wealth of experience underpins their commitment to strategic growth and excellence in their ventures.
Contact Information
For inquiries regarding this partnership and more, please reach out to:
Riccardo Dallolio
Managing Director
Email: [email protected]
Jérôme Fouillé
Managing Director
Email: [email protected]
H.I.G. Capital
10 Grosvenor Street
2nd Floor
London W1K 4QB
United Kingdom
Phone: +44 (0) 207 318 5700
Website: hig.com
Frequently Asked Questions
What is the purpose of the partnership between H.I.G. Realty and QMB?
The partnership aims to create a large incubator space that fosters innovation in the life sciences sector.
How will the new incubator space benefit startups?
The incubator will provide essential resources, facilities, and a supportive environment for startups in the life sciences field.
What organizations are involved in this initiative?
In addition to H.I.G. and QMB, the project includes Barts Life Sciences, Barts Health NHS Trust, and Queen Mary University of London.
When did the Queen Mary BioEnterprises Innovation Centre open?
The QMB incubator opened in 2011, specifically designed for life sciences startups.
What is H.I.G. Capital known for?
H.I.G. Capital is recognized for its expertise in managing alternative investments and providing debt and equity capital to mid-sized companies.
