SETsquared
{{Short description|UK business incubation network}}
{{for|the triangular drawing tool|Set square}}
{{Use dmy dates|date=April 2022}}
{{Location map+|England south|width=300|alt=Map of Southern England showing the SETsquared centres: university and other|float=right|caption=Map of Southern England showing the SETsquared centres: 8px university 8px other
|places=
{{Location map~ |England south|label=Bath |label_size=86 |position=bottom |lat=51.38|long=-2.33 |mark=Red pog.svg |marksize=8 |link=University of Bath}}
{{Location map~ |England south|label=Bristol |label_size=86 |position=left |lat=51.46|long=-2.60 |mark=Red pog.svg |marksize=8 |link=University of Bristol}}
{{Location map~ |England south|label=Exeter |label_size=86 |position=left |lat=50.74 |long=-3.53 |mark=Red pog.svg |marksize=8 |link=University of Exeter}}
{{Location map~ |England south|label=Southampton |label_size=86 |position=right |lat=50.93 |long=-1.40 |mark=Red pog.svg |marksize=8 |link=University of Southampton}}
{{Location map~ |England south|label=Surrey |label_size=86 |position=right |lat=51.24 |long=-0.59 |mark=Red pog.svg |marksize=8 |link=University of Surrey}}
{{Location map~ |England south|label=Basingstoke |label_size=86 |position=top |lat=51.27|long=-1.08 |mark=Steel pog.svg |marksize=8 |link=Basingstoke}}
}}
The SETsquared Partnership, usually known simply as SETsquared, is a business incubation network run by five universities in Southern England.{{cite news |url=https://www.timeshighereducation.com/news/setsquared-does-it-have-key-incubator-success |last=Matthews |first=David |title=SETsquared: does it have the key to incubator success? |newspaper=Times Higher Education |date=11 February 2016 |accessdate=4 December 2016 }} SETsquared stands for Southern England Technology Triangle.{{cite book |title=Handbook of Research in Entrepreneurship Education, Volume 1: A General Perspective |editor1-last=Fayolle |editor1-first=Alain |chapter=Changing the entrepreneurship education paradigm |last1=Kirby |first1=David |year=2007 |publisher=Edward Elgar Publishing |location=Cheltenham |isbn=978-1-84542-106-9 |page=32 }} The partnership was formed in 2002, between the University of Bath, the University of Bristol, the University of Southampton and the University of Surrey. The University of Exeter joined the partnership in 2011.{{cite book |title=New Technology-Based Firms in the New Millennium |volume=XI |editor1-last=Groen |editor1-first=Aard |editor2-last=Cook |editor2-first=Gary |editor3-last=Van der Sijde |editor3-first=Peter |chapter=High-Tech Entrepreneurial 'Soft Starters' in a University-Based Business Incubator: Space for Entrepreneurial Capital Formation and Emerging Business Models |last1=Kitagawa |first1=Fumi |last2=Robertson |first2=Susan |year=2015 |publisher=Emerald Group Publishing |location=Bingley |isbn=978-1-78560-033-3 |pages=105–6 }}
In addition to hosting and supporting startup companies, SETsquared promotes university-to-business technology transfer and guides students into entrepreneurship. It has been mainly financed by the Higher Education Funding Council for England's Higher Education Innovation Fund and by membership fees for businesses.
In 2015, it was ranked as the top university-based business incubator in the world by UBI Global,{{cite news |url=https://www.telegraph.co.uk/finance/businessclub/technology/12015866/British-university-incubator-SETsquared-named-best-in-world.html |last=Burn-Callander |first=Rebecca |title=British university incubator SETsquared named best in world |newspaper=The Daily Telegraph |date=26 November 2015 |accessdate=4 December 2016 }} as well as being ranked by UBI Global as the top one in Europe for the third year running.{{cite news |url=http://www.westernmorningnews.co.uk/university-partnership-named-best-university/story-28056724-detail/story.html |last=Vergnault |first=W. M. N. O. |title=
University partnership named best university business incubator in Europe |newspaper=Western Morning News |date=27 October 2015 |accessdate=4 December 2016 }} By 2016, the network had assisted over 1,000 startups.
Centres
At Bath, SETsquared are based in the University of Bath Innovation Centre in Carpenter House.{{cite news |url=http://www.bathecho.co.uk/news/council-welcomes-award-for-innovation-centre-57489/ |title=Council Welcomes Award For Innovation Centre |newspaper=Bath Echo |date=3 July 2014 |accessdate=4 December 2016 }}
Bristol's centre, launched in 2003, was located adjacent to the university's Department of Computer Science. In 2013, the centre moved into the Engine Shed business incubator, housed in Isambard Kingdom Brunel's building at Bristol Temple Meads railway station, within Bristol Temple Quarter Enterprise Zone.{{cite news |url=http://www.bristolpost.co.uk/meet-driving-force-bristol-s-silicon-valley/story-20256066-detail/story.html |title=Meet the driving force behind Bristol's silicon valley |newspaper=Bristol Post |date=4 December 2013 |accessdate=4 December 2016 }} An Engine Shed 2 is planned.{{cite news |url=http://www.bristolpost.co.uk/engine-shed-marks-third-anniversary-with-public-consultation-for-engine-shed-2/story-29946048-detail/story.html |title=Engine Shed marks third anniversary with public consultation for Engine Shed 2 |last=Clensy |first=David |newspaper=Bristol Post |date=30 November 2016 |accessdate=4 December 2016 }}
The Exeter centre is based at the University of Exeter Innovation Centre and, since 2015, also at the Exeter Science Park.
Southampton's centre is at the Southampton Science Park.{{cite news |url=http://www.businessmag.co.uk/southampton-setsquared-achieves-global-recognition-for-its-work-with-start-ups/ |title=Southampton: SETsquared achieves global recognition for its work with start-ups |newspaper=The Business Magazine |date=25 September 2013 |accessdate=4 December 2016 }}
In Surrey, SETsquared is based in the Surrey Technology Centre within Surrey Research Park, Guildford.{{cite book |title=Technopolis: Best Practices for Science and Technology Cities |editor1-last=Oh |editor1-first=Deog-Seong |editor2-last=Phillips |editor2-first=Fred |chapter=The Surrey Research Park: A Cast Study of Strategic Planning for Economic Development |last1=Parry |first1=Malcolm |year=2014 |publisher=Springer |location=London |isbn=978-1-4471-5508-9 |page=330 }}
In December 2014, SETsquared opened another centre, in the Basing View business park in Basingstoke, Hampshire, assisted by a grant of £100,000 from Basingstoke and Deane Borough Council.{{cite news |url=http://www.basingstokegazette.co.uk/news/11742935.New_business_expert_answers_potential_entrepreneurs__questions/ |last=Bave |first=Jessica |title=Simon Bond, innovation director at SETsquared, answers potential entrepreneurs' questions |newspaper=Basingstoke Gazette |date=23 January 2015 |accessdate=4 December 2016 }}
References
{{reflist|30em}}
External links
{{Official website|setsquared.co.uk}}
{{University associations and groupings in the United Kingdom}}
Category:Business education in the United Kingdom
Category:Business incubators of the United Kingdom
Category:College and university associations and consortia in the United Kingdom
Category:Science policy in the United Kingdom
Category:University of Bristol
Category:University of Southampton