The Innovation Space™ Receives Federal Funding to Expand and Enhance Support For Science Start-Ups

FOR IMMEDIATE RELEASE: February 6, 2023

The Innovation Space Receives Federal Funding to Expand and Enhance Support For Science Start-Ups

Wilmington, Del.The Innovation Space ™ will receive $2.475 million in congressional funding for a project to upgrade and expand its scientific facilities on Wilmington’s Experimental Station campus. New lab spaces with additional scientific equipment and upgraded mechanical and HVAC capabilities will enable The Innovation Space to aggressively support the needs of more science startups in the next phase of its mission.

“This investment marks an exciting milestone for The Innovation Space as we continue to grow and help cultivate the next generation of innovators,” said Bill Provine, Founder and CEO of The Innovation Space™. “We appreciate the support of the leaders who advocated for this funding and are committed to supporting our mission of creating and scaling companies in the biotechnology, cleantech, and advanced materials sectors, knowing it will advance scientific discovery as well as yield economic benefits for our region.”

Innovation Space™ leaders plan to allocate funding toward expanded laboratory capabilities with the addition of more flexible lab and office space for growing startups in addition to providing state of the art biotechnology, chemistry and material science modular lab space.

In just six years since its inception in 2017, The Innovation Space™ has supported and enabled more than 100 startups in their growth journeys in which these companies have raised over $800 million in investment.

“We see The Innovation Space™ as a leading example of how to pull together a powerful coalition of organizations in a structured way to advance and grow science-based start-up companies that can ultimately impact all our lives,” said New Castle County Executive Matthew Meyer.

Across the Mid-Atlantic and throughout the country, The Innovation Space™ has invested in dynamic startups in the fields of health care, advanced materials, diagnostics, therapeutics, nutrition, chemical ingredients, industrial and agricultural biotechnology, clean technology and renewables. Innovation Space™ clients are working to advance science and improve lives from cancer treatments to climate change solutions and nearly everything in between.

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About The Innovation Space (www.innovationspace.org):

The Innovation Space ™ is a not-for-profit innovation ecosystem and is a virtual and physical home for leading science entrepreneurs.  The Innovation Space™ works to “transform science and technology startups into industry leading companies.” Located on the historic Experimental Station campus in Wilmington, Delaware, The Innovation Space™ is comprised of 130,000 ft2 of state of the art lab and office space with access to cutting edge equipment alongside a suite of entrepreneurship programs and opportunities supporting startup growth. Register for more information and updates to learn more about all The Innovation Space™ programs and funding opportunities.

Contact: Meredith Montalto  

610-322-1703  

meredith@ceislermedia.com 

National Innovation and Entrepreneurship Leader Offers Guidance to Startups at iMatSci Innovation Showcase in Boston

FOR IMMEDIATE RELEASE: November 28, 2022

National Innovation and Entrepreneurship Leader Offers Guidance to Startups at iMatSci Innovation Showcase in Boston

Innovation Space President and CEO Bill Provine joins experts from Harvard, Greentown Labs, Activate, RxnHub, & Luminate, in a discussion on finding the right support community

Wilmington, Del. — Bill Provine, President and CEO of The Innovation Space ™ will lead a panel discussion including experts in science and tech startup community from across the US at the iMatSci Innovation Showcase on Tuesday, Nov. 29 in Boston. The panelists of “Start-Up Support Communities for Materials-Based Companies: Which is Right for You?” will discuss the difference between incubators, accelerators, CROs and research centers, so that entrepreneurs can assess and decide the best opportunity for their company.

As the founder and CEO of The Innovation Space™, a not-for-profit innovation ecosystem as well as a virtual and physical home for leading science entrepreneurs, Provine has supported and cultivated dozens of science and technology startups in their quests to become leaders in their respective industries. Provine serves on the board for the National Council on Innovation and Entrepreneurship and the American Association for the Advancement of Science and has decades of experience in science and engineering- based innovation and commercialization at DuPont, where he oversaw both the company’s global innovation centers and regional labs.

“There is no one-size-fits-all approach to an entrepreneurship program in the sciences. Choosing the right ecosystem that will both challenge and support an early-stage startup is one of the most critical decisions that a company can make,” Provine said. “It is my privilege to moderate a discussion with such an esteemed panel of experts in order to help the next generation of innovators find the right fit for them.”

The iMatSci Innovation Showcase is a leading convening of independent technology leaders and startup companies as part of the Materials Research Society Annual Conference. iMatSci spurs collaboration and accelerates the use of new materials technologies by connecting innovators with early-stage investors, corporate scouts, potential collaborators, and research and development professionals. The full iMatSci schedule can be found here.

Provine will moderate a panel consisting of the following experts:

The iMatSci conference is one of the many ways that Innovation Space is supporting startups across the country and attracting global talent. Across the Mid-Atlantic and throughout the country, Innovation Space has invested in dynamic startups in the fields of health care, advanced materials, diagnostics, therapeutics, nutrition, chemical ingredients, industrial and agricultural biotechnology and renewable energy.

In just five years since its inception in 2017, Innovation Space, located on the Experimental Station campus in Wilmington, Delaware, has supported and enabled more than 80 startups in their growth journeys, which in turn has raised over $800 million in private capital.

“Cooperation and collaboration is the lifeblood of innovation. Connecting startups with the physical resources, capital and mentorship opportunities they need to succeed is vital,” Provine said. “Supporting early-stage companies in the ecosystem that is right for them is critical to helping them advance to the next stage of their growth. The Innovation Space is proud of our efforts to foster scientific collaboration and build regional economies by supporting the growth of  entrepreneurs.”

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About The Innovation Space (www.innovationspace.org):

The Innovation Space ™ is a not-for-profit innovation ecosystem and is a virtual and physical home for leading science entrepreneurs.  The Innovation Space™ works to “transform science and technology startups into industry leading companies.” Located on the historic Experimental Station campus in Wilmington, Delaware, The Innovation Space™ is comprised of 130,000 ft2 of state of the art lab and office space with access to cutting edge equipment alongside a suite of entrepreneurship programs and opportunities supporting startup growth. Register for more information and updates to learn more about all The Innovation Space™ programs and funding opportunities.

Contact: Meredith Montalto  

610-322-1703  

meredith@ceislermedia.com