Building work will start next month on a £6 million business centre at Anglia Ruskin University's Chelmsford campus.
The Anglia Ruskin University Medical Business Innovation Centre (MedBIC) will support new medical technology companies.
The new centre will open in spring 2014, and is expected to create up to 120 jobs in its first three years. It will house engineering research laboratories, offices and meeting space. Anglia Ruskin, Chelmsford City Council and Essex County Council are collaborating on the project.
Professor Michael Thorne, Vice Chancellor of Anglia Ruskin University, said: “Our aim is that the Anglia Ruskin University MedBIC, combined with the Anglia Ruskin MedTech Campus, will help Essex become a world-renowned centre of excellence for innovation.”