The £300,000 project, called Innospace, on Chorlton Street, has been funded by MMU and the European Regional Development Fund with the aim of helping nurture business ideas, improving entrepreneurial skills and providing a viable career alternative for graduates who want to work for themselves. It was officially opened by Trevor Baylis, inventor of the clockwork radio, on Tuesday October 2nd and around 200 guests from the worlds of business, training and education attended the launch, which was presided over by MMU Vice-Chancellor Professor John Brooks.