Ziylo co-founder Harry Destecroix launches new £15m EIS Fund to back Deep Tech in Bristol

Harry Destecroix, the co-founder of Ziylo, has launched Science Creates, a project based in Bristol to create deep-tech, science-based startups.

Science Creates will offer a £15 million EIS Investment fund, a network of strategic partners to nurture science and engineering start-ups and spin-outs, and a specialised incubator space able to house Wet Labs.

The hub has been created in partnership with the University of Bristol.

In a statement for the launch, Harry explained: “Where a discovery is made has a huge bearing on whether it’s successfully commercialised. While founding my own start-up, Ziylo, I became aware of just how many discoveries failed to emerge from the lab in Bristol alone. No matter the quality of the research and discovery, the right ecosystem is fundamental if we are going to challenge the global 90% failure rate of science start-ups, and create many more successful ventures.”

Science Creates is be grown out of the original incubator, Unit DX, that Harry set up in collaboration with the University of Bristol in 2017 to commercialise companies like his own.

Find out more about Science Creates at https://sciencecreates.co.uk.

By UKBAA10 Dec 2020