LYVA Labs has agreed a three-year deal to move into larger office space at The Spine in Liverpool.
The Liverpool City Region investment and innovation vehicle has more than doubled its office size within 18 months.
It has agreed a three-year deal with Sciontec to move into a larger private office, providing space for up to 20 desks.
Having been one of the inaugural customers when Sciontec AI was launched in April 2022 at The Spine, LYVA Labs has now outgrown its original eight-person office, having significantly expanded its team over recent months.
“We have worked closely with the Royal College of Physicians to secure this deal with LYVA Labs, which will help future proof their ongoing expansion plans and ensure that they remain an integral part of our Sciontec AI community,” said Leanne Katsande, head of commercial at Sciontec.
“Our Sciontec AI footprint within The Spine has itself expanded to accommodate this deal, which is testament to the popularity of our flexible, serviced space offer that is so highly sought after in the current market.”
This news comes just three months after Sciontec shared details of another Sciontec AI footprint expansion within The Spine, which is owned by Liverpool City Council and sits on its Paddington Village flagship development site, to accommodate a significant letting with the University of Liverpool.
LYVA Labs was set up in 2022 to support and fund entrepreneurs and innovators in the region and deliver economic growth through the commercialisation of innovation. Since then, LYVA Labs has invested £705,000 in three life science startups, supported 15 startups to secure £6 million from grants and other private investors, and enabled the creation of four new companies in the region.
More recently they launched two new programmes that offer both financial and business support: their R&D Partnership programme, and a deep tech incubator.
Additionally, LYVA Labs has been funded by Innovate UK to run two pilot programmes: the Innovation Network for the LCR Advanced Manufacturing Launchpad and a national Microbials Accelerator as part of the Biomedical Catalyst programme, both of which will be delivered from their new Sciontec AI office.
Lorna Green, CEO of LYVA Labs, added: “It is incredible to think how much we have scaled up over the past 12 months, and our new office suite marks the next step on our exciting growth journey.
“Being able to expand in Sciontec’s all-inclusive workspace at The Spine reduces the hassle of daily operations and gives us an amazing workspace from which to engage with key stakeholders and partners, whilst delivering innovation support and investment to businesses across LCR.”