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Award success for Cornwall Innovation Centre business

A pioneering businessman based at one of Cornwall’s three innovation centres, has been recognised for excellence in employment and skills.

Peter McCann-Downes, director of The Magnificent Science Company topped the 2015 Cornwall Works WISE Awards for outstanding individual innovation.

 

Judges were impressed by Peter and The Magnificent Science Company’s drive to explore areas in need of innovation and change while acting as a research and development incubator.

 

Peter McCann-Downes, Director of The Magnificent Science Company, said: 

“It is fantastic to have received this award, which is great recognition for the work we do here.
 
“We are helping people to innovate within the workplace and make the best of their skills.”

Based at Tremough Innovation Centre, Penryn, the company has grown from an initial investment of £500 to having a £1million projected turnover for 2015/16.

 

It is also one of the largest specialist green energy planning consultancies in Europe and works alongside global investment and private equity groups as well as museums and Non Governmental Organisations (NGOs).

 

And a new arm of the business, Magnificent Data Enterprises is already working with a company that owns 70 hospitals across Asia to implement risk management strategies. The organisation is also in talks with the NHS focusing on risk management and cutting unplanned hospital admissions.

 

Peter added: 

“We have been here at the innovation centre for a year and they have been a fantastic support offering an inspirational environment to work in. I love it.”

Richard Snell, Manager of Tremough Innovation Centre (TIC), said:

“We are delighted that Peter and The Magnificent Science Company has been highlighted for its business excellence.
 
“We are dedicated to supporting our companies to grow and prosper and it is always great to see a successful, Cornish company thriving in the business market and in this case, taking its brand globally.”

Tremough Innovation Centre is one of three business incubation facilities set up to support growing businesses in the county, with centres also located at Pool and at Treliske in Truro.


The Penryn-based acceleration facility has supported companies based there to grow by up to 33 per cent in the last year – more than three times the national average – and create 43 new jobs.

 

All three innovation centres are operated on behalf of Cornwall Council by Plymouth University and with the support of GAIN, the Growth, Acceleration and Investment Network which aims to boost business growth and job creation in the South West. The innovation centres are supported with £29million of investment provided by the European Regional Development Fund (ERDF).

 

The Works WISE event, which is a celebration of achievements in the workplace, is in its eight year and hosted by ESF Convergence.

 

The ceremony, held at the Headland Hotel, Newquay earlier this month, was also a chance to highlight the role the European Social Fund has played in employment, skills and innovation across Cornwall and the Isles of Scilly.

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