Formation Zone

What is the Formation Zone? 

Formation Zone is perfect if you have a business idea you’d like to start and develop in a supportive and collaborative environment. We are talent-spotting for the most innovative* start ups in the following sectors: creative industries, hi-tech, marine, environmental, advanced engineering, health and wellbeing

Anyone can apply to join Formation Zone – you don’t have to be a student or graduate. If you can demonstrate innovation, high standards and potential for growth we would like to hear from you.

* Innovative business ideas aim to create a product or service that is new or improved in order to satisfy a customer need.

What are the benefits to me/my organisation?

• A cost effective way to start in business with support package from £60 (pre-start, two months only).
• Enhanced credibility with a professional trading address, workspace and meeting room.
• Increased motivation and support from other start-up businesses.
• An easier start-up process with advice from business experts.
• Opportunities to grow with links into Plymouth University expertise and facilities.
• A higher chance of success with award-winning support from the only independently accredited incubator in Plymouth.

How much is it going to cost?

£60 one-off fee. Ideal for assessing the viability of your business idea before starting up.

Offering you: 

• two support sessions
  
• start-up online resource
  
• up to ten days use of a workstation
  
• network events
  
• access to a professional meeting room. 
  

 Valid for two months only.

Option two: Formation Zone support and workstation hire

£180 per month per business in year one, £240 per month per business in year two.

Offering you:

A workstation in one of our open plan offices. Includes a desk, chair, pedestal storage, IP phone, broadband network and wireless, shared printer / copier / fax / scanner. Small additional charge for extra desks.

• access to expert advice sessions
• links in to Plymouth University research expertise, knowledge transfer and innovation opportunities
• access to our start-up online resource and network events
• access to our professional meeting rooms and a Formation Zone postal address
• easy-in, easy-out flexible terms.

Additional charges for a University desktop PC or Mac, where available, on request. Some overheads are included in this rate, additional charges are made for telephone calls and printing. Please note that all prices listed here include VAT, and may be subject to change according to Formation Zone’s terms and conditions.