The Centre for Process Innovation (CPI) is expanding its North East operations after opening a new office at The Catalyst building on Newcastle Helix.
The 24-acre city centre development brings together industry leaders, businesses and researchers into an innovation cluster.
Co-located alongside National Innovation Centre’s for both Ageing and Data, CPI’s new home will enable it to nurture existing relationships in the region and connect with more high potential start-ups, SMEs and investors.
The business, which is also established in the Tees Valley and Sedgefield, is a founding member of the Government’s High Value Manufacturing Catapult, which is a network of technology and innovation centres designed to transform the UK’s capability for innovation in specific technology areas and markets to help drive future economic growth.
It has a number of active projects in place with universities and businesses in the North of Tyne area, including working with the North East Battery Alliance which aims to build on the regions strengths as a hub for the battery industry.
As a result of the move, the CPI also plans to recruit a number of new employees to work across its North East sites.
Sophie Walton, director of strategic partnerships at CPI, said: “This new home will enable us to increase our strategic engagement with the regional ecosystem and strengthen involvement in ongoing projects.
“We’d also like to work more closely with universities, NHS Trusts, industry and investors in the region alongside NICA and the National Innovation Centre for Data (NICD), and we’re excited to use this base to continue to support start-ups, SMEs, and high-growth companies in the region, and to drive forward the deep tech innovations that make our world a better place.”
Jen Hartley, director of Invest Newcastle who are part of NewcastleGateshead Initiative, added: “The expansion of CPI into the award-winning Catalyst Building on Newcastle Helix demonstrates the continued confidence in the city as a place for innovative companies to locate.
“CPI has a powerful reputation for helping companies commercialise and take ideas to market, and their new location will provide a focal point for their continued work as a deep tech innovation partner of choice. They are the perfect fit for the Helix community and we’re looking forward to working with the team as they grow.”