News: Success for White City Incubator
Imperial College London’s White City Incubator won Incubator/Accelerator/Coworking Space of the Year at the West London Business Awards 2022 in February, taking home the award after five years of being nominated for the category. The innovative and entrepreneurial hub, home to deep science start-ups, continued to thrive during the pandemic which was recognised with a nomination for the coveted Company of the Year award.
Established in 2016, as the first operating collaboration space at Imperial’s White City Campus, the Incubator has been instrumental in facilitating partnerships and connections between businesses, researchers and emerging ventures, supporting entrepreneurs and start-ups on their journey all the way through to achieving Series A-funded status.
The Incubator provides office and laboratory space for early-stage companies. Alongside supporting the needs of the companies, many of which have secured massive investments and grown during the year, the Incubator team have delivered programmes for developing entrepreneurial skills, as well as creating and strengthening connections with other groups and facilities in the region to help build the White City Innovation District.
One of these start-ups, Addionics – a start-up that develops next-generation rechargeable batteries for electric vehicles – has raised an additional $27 million to scale up its operations and meet rising global demands for low-cost, high-performance energy storage solutions. The funding will enable Addionics to redesign battery architecture with the company’s Smart 3D Electrodes, a revolutionary approach that will result in batteries with increased energy power, enhanced safety, and longer lifetime. Addionics was founded in 2017 by former Imperial College London academics Farid Tariq, Moshiel Biton and Vladimir Yufit.