Michelin Scotland Innovation Parc

What Michelin Scotland Innovation Parc does

MSIP (Michelin Scotland Innovation Parc) operates a 32-hectare innovation and manufacturing campus in Dundee on the former Michelin tyre factory site, established in 2019 as MSIP Ltd (private limited company) and serving primarily Scottish and UK-wide businesses focused on sustainable manufacturing, low-carbon technologies and advanced manufacturing. The company runs three core product lines: Industrial Units across ten named buildings (including the 32,365 sq ft Parker Building with overhead crane and sustainable steam heating), Innovation Labs (flexible workshop space from 73 m² on month-to-month terms with three-phase power, drainage and 24/7 access), and the Innovation Hub (coworking desks at £3/hour, three meeting rooms, the Spark Suite workshop rooms at £120/day, and a 150 sqm event space for up to 100 guests). The site additionally features on-site wind turbines, EV charging, a UK Shared Prosperity Fund-backed Makerspace, and the Tutto Fresco Café which opened on 22 June 2026.

Revenue is generated through two mechanics: recurring industrial and lab rental subscriptions (monthly or annual, with some units priced per annum such as Blyth Office 1B at £3,500 + VAT) and pay-as-you-go Innovation Hub bookings (hourly, half-day and full-day rates). The go-to-market motion is direct-to-consumer via the msipdundee.com website, integrated Office RnD booking platform, and email enquiries ([email protected]). Customers include startups such as EV-charging firm 4SB Mobility (which progressed from TRL1 to TRL5 using Innovation Labs) and medical device manufacturer Vascular Flow, alongside enterprise users such as housing association Hillcrest Homes (event space) and financial services firm FNZ (coworking).

The organisation is led by General Manager Craig Dunlop and Innovation Director Sarah Petrie, operates with 11–50 employees, and sits within the UK Shared Prosperity Fund-supported regional innovation ecosystem. Technology dependencies are limited to third-party SaaS providers (Office RnD for bookings, Verkada for secure access, Xero for payments). There are no disclosed funding rounds, patents, AI/ML capabilities, or revenue figures, and MSIP's strategic posture to date has been incremental product and amenity expansion within the existing campus footprint rather than geographic or platform diversification.

Name

Michelin Scotland Innovation Parc

Legal name

MSIP Ltd

Website

https://msipdundee.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

MSIP operates a 32-hectare innovation and manufacturing campus in Dundee on the former Michelin tyre factory site, providing industrial units, lab space, coworking, meeting rooms and event facilities to startups, scale-ups and established businesses in sustainable manufacturing and low-carbon technologies.

Ownership category

akta.pro rank

Headquarters

HQ city

Dundee

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain, Others

Revenue model

1. Industrial Unit Rental: Rental income from modern industrial units including McCall Building, Volta Building, Cavendish Building, Bolton Building, De Rivaz Building, Johnston Building, Telkes and Foote Buildings, Parker Building, and Blyth Buildings. Units are available for manufacturing, engineering, and storage operations with flexible terms.
2. Innovation Hub Services: Revenue from coworking space, meeting room hire, Spark Suite workshop bookings, and event space rental. Flexible booking options from hourly to daily rates.
3. Innovation Labs: Month-to-month rental of flexible industrial workshop units starting from 73 m², designed for prototyping, manufacturing, and innovation-led businesses.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

MSIP operates a 32-hectare innovation and manufacturing campus in Dundee offering three main product lines: the Innovation Hub (coworking, meeting rooms, Spark Suite, and event space), Innovation Labs (flexible high-spec lab/workshop units from 73 m² on month-to-month terms), and Industrial Units (multiple named refurbished buildings for manufacturing, engineering, storage, and office use). Facilities are supported by on-site sustainable energy infrastructure, EV charging, secure 24/7 access, and access to an academic and research community.

Product overview

MSIP (Michelin Scotland Innovation Parc) is Scotland's hub for sustainable innovation and manufacturing, built on the former Michelin tyre factory site in Dundee. The company operates as a connected innovation-to-manufacturing ecosystem offering three core product lines: the Innovation Hub (flexible workspace with meeting rooms, Spark Suite workshops, event space, and coworking facilities), Innovation Labs (high-spec laboratory and workshop space for R&D and technical innovation), and Industrial Units (modern industrial and office accommodation across multiple named buildings). Additional services include an on-site café operated by Tutto Fresco. The site spans 32 hectares and focuses on supporting businesses in sustainable technologies, advanced manufacturing, and net zero solutions.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 4SB Mobility progressed from TRL1 to TRL5 using MSIP Innovation Labs

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• 4SB MobilitycoreStrategic or Co-development Partner · 1 January 20264SB Mobility is a startup tenant that credits MSIP Innovation Labs for helping them progress from TRL1 to TRL5. They develop EV charging accessibility solutions and have joined the NCAT 2026 programme. The relationship demonstrates MSIP's role in supporting mobility innovation startups.
• Hillcrest HomesminorOthersHousing association that has used MSIP's event space for corporate events. Provided a testimonial praising the MSIP team's service and support during events.
• FNZminorOthersFinancial services company that uses MSIP's coworking space. A user from FNZ provided a testimonial praising the workspace environment.
• Tutto Fresco CafécoreStrategic or Co-development PartnerOn-site café operator located in the ground floor of the Innovation Hub. Provides fresh food and catering services for hub users and the public. Opening from Monday 22 June 2026. Catering available for meetings and events.
• Office RnD LimitedcoreTechnology or IntegrationThird-party provider managing MSIP's meeting room and hot desk booking system. Enables online booking for Innovation Hub spaces including meeting rooms, Spark Suite, and coworking desks.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• WeWork: WeWork is a global coworking and flexible-workspace operator with locations across major cities worldwide. It overlaps with MSIP's Innovation Hub offering (coworking, meeting rooms, event space) but does not compete in Dundee and offers a much broader geographic and enterprise footprint.

Regional players

• Dundee Technopole: Dundee Technopole operates innovation and business incubation facilities in Dundee targeting technology and life-sciences businesses. It is directly comparable to MSIP as a Dundee-based innovation facility operator serving startups, though with a different thematic focus.
• Runway East: Runway East operates coworking and event spaces primarily in London and Bristol for startups and scale-ups. It is comparable to MSIP's Innovation Hub for the coworking and event offering, but operates in different geographies and does not directly compete in the Dundee market.

Direct peers

• BioCity: BioCity operates life-sciences incubator campuses in the UK offering lab and office space to early-stage bio and health businesses. It is comparable to MSIP's Innovation Labs offering (high-spec lab space for early-stage R&D tenants) and follows a similar facilities-plus-community model, although focused on life sciences rather than sustainable manufacturing.
• Cambridge Science Park: Cambridge Science Park is a long-established UK innovation campus offering office and lab space to growth-stage science and technology companies. It is comparable to MSIP as a large UK science and innovation park with multi-tenant recurring rental model, though with a deeper tenant base and stronger location.
• Manchester Science Park: Manchester Science Park is a UK innovation campus providing office, lab and coworking space to tech and science businesses. It is directly comparable to MSIP as a multi-tenant science/innovation park with industrial heritage and on-site amenity, though located in a different UK region.
• Harwell Science and Innovation Campus: Harwell Campus is a UK science and innovation park providing office, lab and industrial space to science and technology tenants. It is comparable to MSIP as a UK innovation campus with industrial/scientific tenants and multi-building infrastructure, though anchored by government and research organisations.
• CodeBase: CodeBase is Scotland's largest tech incubator, headquartered in Edinburgh, providing coworking space, accelerator programmes and innovation community support for tech startups. It is directly comparable to MSIP as a Scottish innovation hub serving startups and scale-ups, though skewed more toward software than advanced manufacturing.
• Whitespace: Whitespace is a Scottish flexible workspace provider offering coworking, event space and meeting rooms across Edinburgh and Glasgow. It is comparable to MSIP's Innovation Hub for coworking, event and meeting-room offerings, and competes for the same Scottish flexible-workspace customer base.

Others

• Innovate UK Business Connect: Innovate UK Business Connect is the UK innovation and technology agency supporting business-academic collaboration and innovation adoption. It is thematically comparable to MSIP's mission of bridging innovation with commercial manufacturing, though it is an enabler/funders rather than a direct facility operator.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/MSIPDundee
• LinkedInlinkedin.com/company/michelin-scotland-innovation-parc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Michelin Scotland Innovation Parc