Fusebox, in New England Street, Brighton, provided a space for entrepreneurs and startups to “turn their ideas into successful innovations” by providing facilities and expertise.
The centre had to close earlier this month after the company behind it Wired Sussex went into voluntary liquidation.
But members at the research centre have been in talks with Brighton and Hove City Council and are hopeful it can continue under their management.
Fusebox in New England House, Brighton (Image: Google Maps)
Chris Chowen, a former employee at Fusebox, said: “Everyone is working really hard to get it saved.
“The closure happened so quickly. This is an incredible organisation that has done so much for so many people. So much has been invested in it.
“I believe it could continue. It is a terrible shame to see this, Fusebox is at the forefront of VR, augmented VR and AI technology.
“Brighton is one of the best in the country for these areas. It is going to badly affect the local area and the whole of Sussex.
“There have been a lot of talks over the last couple of weeks. I am optimistic that we can save it now. The council is talking to us, lots of people are trying to save it.
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“It has been pretty stressful but we are hopeful.”
Fusebox first opened in 2013 and recently celebrated its tenth anniversary.
Lead councillor for the local economy Alan Robins said: “The creative sector is really important to Brighton & Hove and New England House is an important asset for the city.
“Officers are working hard to understand the situation and to find a way forward in support of the Fusebox tenants affected, who are located in New England House.
“We are in communication with the parties involved and there is a legal process underway.”
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