Start-ups and scale-ups in Norwich can look forward to a warm welcome at a new city incubator.
The Akcela Incubator aims to help businesses achieve their full potential. While the East of England has the third highest business population in the UK, it has the third lowest levels of business incubators and accelerators.
Until Akcela opened its doors in September, Norwich, a city with the 13th highest level of tech investment in the UK, didn’t have a single incubator offering space and support for start-up and scale up businesses.
Akcela’s management team and partners are on hand to support young growing businesses through the challenges of commercialisation and scaling.
Akcela describe themselves as an industry agnostic incubator, supporting businesses of all types to achieve their “full potential”. The team has experience managing projects for growth around the world, working within start-ups, scale ups, and managing VC investment and exit.
Managing director, James Adams, explained: “We wanted to create an incubator that was about the business and the founders, not about a certain specialism and looking for the next unicorn. Full potential is about businesses that can have a positive impact on the founder, the staff they employ, the local community and the sector they operate within.”
Applications for incubated tenants are being accepted now. Companies will receive free office space in the city centre for the duration, as well as support from the directors while working together. Akcela operate on a shareholding model, taking a small shareholding in the company, which dilutes along with incoming investment.