Room for innovation

By Marco Cillario - Tue 21 June 2016, 6:02 pm

A business incubator in London Bridge is offering co-working space and tools to start-ups in the clean technology sector.

Sustainable Bridges, in 29 Shand Street, provides 650sq m of office space to businesses committed to developing new technological tools to protect the environment.

Prototyping space, flexible desks and meeting rooms are also available to resident ventures in the four converted railway arches.

Supported by Southwark Council, the incubator aims to assist its members in the early stages of their development through knowledge sharing, network and resource collaboration across ventures.

Since opening in October 2014, the project has created 80 jobs and raised £8 million, including a £18,000 investment from the mayor of London in September 2015, as part of the £9 million High Street Fund, aiming to support creativity and innovation in the capital. 

Sustainable Bridges does not take equities. Pricing starts at £50 per month for a hot desk – shared by different businesses or workers – £200 for a fixed one and £25 per sq m of prototyping space. 

The 15 ventures currently using the space include E-car, UK’s first entirely electric pay-per-use car club, Powervault, which is developing a device to store energy generated by solar panels during the day and release it when required, and SafetyNet, devising a trawling system capable of separating different types of fish and letting those that are undersized escape, in order to protect endangered species.