 The success of the Merseyside Innovation Centre established in 1980 to promote technology transfer between local academia and industry in Liverpool spawned a second wave of Science Parks in the UK.Riding on its crest, in late 1985, the Borough Council of Newcastle-under-Lyme declared interest in creating a Science Park at Keele University.The Stephenson building, located close to the main university campus was the first development unit and currently houses Cobra Biologics Ltd, a pharmaceutical company.