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Technium is the brand name of a business incubation scheme in Wales. The scheme provides tenants with office space, business support, fast telecom links and venture finance. The concept was originally developed by a partnership between Swansea University and the Welsh Development Agency (WDA), which built an Innovation Centre at the university in 1986. The project led to the construction of the first Technium building, a purpose-built Pds. 2m facility to house general technology at Prince of Wales Dock, Swansea, opened in 2001.