A new business incubator is targeting Cambridge’s brightest ‘fintech’ and ‘agritech’ stars. Incubyte is offering start-ups and entrepreneurs a working environment where they can network with like-minded businesses.

Based in the atrium of the Stirling House building at the Cambridge Innovation Park, Waterbeach, it is a joint venture between Paragon (which runs the property) and Rob Precious (a serial tech investor and business mentor).

Mr Precious, who came up with the idea for Incubyte, said: “This is the ideal opportunity for us. Paragon has been looking for a partner to run an incubator in its building on Cambridge Innovation Park, and Incubyte was just at the perfect stage to take advantage of this.

“I’m really looking forward to working with Paragon, growing the business and creating a unique community of technology-focused young Cambridge companies ready to stand up on the world stage. We already have a number of potential first cohort members in the pipeline, and we’re now ready to invite applications from start-up and scale-up businesses that would like to work in a nurturing and dynamic environment.”

Rick Parisi, managing director of Paragon, said: “Cambridge is continuing to attract tech start-ups, and with many of the business centres in the city full up, we have decided to use the atrium of our Stirling House to nurture a community of small and growing companies.

“We also have our new business centre — Blenheim House — completing construction later in the year, and that will give us even more space into which these growing businesses can expand.”