Kent-based Discovery Park has reached an agreement with investors Oyster Venture Partners as it bids to create a Neuroscience Centre of Excellence.
The deal aims to drive investment and accelerate the creation of a Neuroscience Centre of Excellence at the park.
David D’Alton, Executive Chairman for Oyster Venture Partners, said: “Discovery Park has built up a burgeoning reputation as a life sciences park where companies develop and thrive, so we are delighted to be collaborating in support of the Neuroscience Centre of Excellence, its tenant growth, and new investment. “
The partnership will also complement the recently established Discovery Park Ventures investment fund which provides risk capital to businesses in the life-sciences and technology sectors. It has already provided funding to two companies based at the park, with plans to grow to £25m in the next three years.
Furthermore, it builds on Discovery Park’s pre-existing relationship with the University of Kent, which sees them work together in several areas including Industrial Biotechnology, Neurosciences and ‘Tech Bio’ - digital and data driven healthcare. They also signed an MOU earlier this year.
Mayer Schreiber, CEO Discovery Park, added: “Our partnership with OVP signals an important milestone as we continue to drive the growth of Discovery Park’s innovative community and work to tackle unmet healthcare needs in neuroscience research and treatment.
“Our close working relationship with our tenant companies, combined with OVP’s expertise, will lay the foundations for their future success.”