Author: info-innovationspace
Giving unused NASA tech new life
Innovation Space zeros in on Delaware growth industries after its companies raised $1B in funding
Innovation Space and Silicon Catalyst Establish Collaboration for Joint Incubation to Fuel Growth of Semiconductor Startups
Wilmington, Delaware & Silicon Valley, California – The Innovation Space™ a not-for-profit innovation ecosystem – and one of the nation’s largest for science entrepreneurs – and Silicon Catalyst, the world’s only incubator + accelerator focused on semiconductor solutions, have established a collaboration to co-incubate early-stage science-based enterprises focused on advanced materials and other enabling technologies critical for the semiconductor industry.
Startups and early-stage entrepreneurial teams will have access to the best-in-class science labs, mentorship, and customized programming available from The Innovation Space alongside Silicon Catalyst’s startup development expertise and its comprehensive ecosystem of Strategic Partners, Advisors and In-Kind Partners, providing a unique opportunity to drive business growth.
“The partnership between The Innovation Space and Silicon Catalyst was inspired and catalyzed by the pending transformative changes on the horizon for the semiconductor industry as a result of the bipartisan CHIPS & Science Act that was championed by President Biden,” said Bill Provine, founder, President and CEO of The Innovation Space. “Our new partnership will provide startups with critical resources and support that will build and grow a more vibrant domestic semiconductor innovation ecosystem.”
Silicon Catalyst Co-founder and former CEO Dan Armbrust is one of the original 24 members appointed to the Industrial Advisory Committee (IAC), an advisory body that is providing guidance to Commerce Secretary Gina Raimondo on a range of issues related to domestic semiconductor research and development in support of the CHIPS & Science Act. In addition, CEO Pete Rodriguez served on the semiconductor working group of the President’s Council of Advisors in Science and Technology (PCAST).
Collectively, this new partnership will present opportunities to startups that leverage the industry-specific expertise of Silicon Catalyst and its powerful semiconductor ecosystem coupled with the state-of-the-art laboratories and scientific infrastructure and the hands-on, mentorship
and coaching prowess of The Innovation Space. Startups can now be considered for lab space at The Innovation Space in Wilmington, Delaware and/or with virtual support provided by both entities for startups from anywhere in the world.
“We are very pleased to announce our collaboration with The Innovation Space. Our joint efforts to assist science-based entrepreneurs develop and deliver new technologies for semiconductor materials offers a unique opportunity for our industry,” stated Dr. Atiye Bayman, Silicon Catalyst Partner.
The Innovation Space is a not-for-profit organization and is a virtual and physical innovation ecosystem located in Wilmington, Delaware on the historic grounds of the DuPont Experimental Station campus. It is built from the foundational partnership between the State of Delaware, DuPont, and the University of Delaware and its mission is to catalyze the scientific innovation of entrepreneurs working in the fields of advanced materials, innovative ingredients, agriculture, healthcare, renewables, and advanced manufacturing. Innovation Space has supported more than 100 companies on their trajectory toward commercialization and those companies have raised $1 billion in funding since the founding of Innovation Space in 2017.
Silicon Catalyst is the world’s only incubator + accelerator focused on semiconductor solutions, (including Photonics, MEMS, sensors, IP, materials & Life Sciences) to accelerate startups from idea through prototype, and onto a path to volume production.
Silicon Catalyst has developed an unparalleled support ecosystem for its semiconductor start-ups, providing a strong network of financiers, business advisors, and industry professionals who help companies to launch and scale in the market. In addition, the incubator provides privileged access to services, expertise, and intellectual property that can empower their companies ’technological innovation.
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ABOUT
The Innovation Space™ – “The home for science entrepreneurs”™
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. www.innovationspace.org
Silicon Catalyst – “It’s about what’s next”®
Silicon Catalyst is the world’s only incubator focused exclusively on accelerating semiconductor solutions, built on a comprehensive coalition of in-kind and strategic partners to dramatically reduce the cost and complexity of development. More than 900 startup companies worldwide have engaged with
Silicon Catalyst and the company has admitted 97 exciting companies. With a world-class network of mentors to advise startups, Silicon Catalyst is helping new semiconductor companies address the challenges in moving from idea to realization. The incubator + accelerator supplies startups with access to design tools, silicon devices, networking, and a path to funding, banking and marketing acumen to successfully launch and grow their companies ’novel technology solutions. Over the past nine years, the Silicon Catalyst model has proven to dramatically accelerate a startup’s trajectory while at the same time de-risking the equation for investors. Silicon Catalyst has been named the Semiconductor Review’s 2021 Top-10 Solutions Company award winner as well as the 2023 Top Photonics Solutions Provider. The Silicon Catalyst Angels was established in July 2019 as a separate organization to provide access to seed and Series A funding for Silicon Catalyst portfolio companies. SiliconCatalyst.UK. a subsidiary of Silicon Catalyst, was selected by the UK government to manage ChipStart UK, an early stage semiconductor incubator funded by the UK government. More information is available at www.siliconcatalyst.uk, www.siliconcatalyst.com and www.siliconcatalystangels.com.
Contacts:
Richard Curtin, Managing Partner richard@siliconcatalyst.com
Meredith Montalto, Ceisler Media & Issue Advocacy, meredith@ceislermedia.com
Pitt alum develops improved medical technology to heal bone fractures
Science, Inc. welcomes 11 new startups for its fall cohort
Innovation Space Welcomes 11 New Startups to Science Inc. Accelerator Program
Fall cohort includes companies specializing in advanced materials, therapeutics, and clean technology.
Wilmington, Delaware — The Innovation Space™ today announced that it has accepted 11 companies, for its Fall 2023 Science Inc.™ Accelerator Program, a virtual, cohort-based accelerator for early-stage science-based startups. With the support of expert coaches (Entrepreneurs-in-Residence), Science Inc.™ participants will work toward major milestones to quickly and successfully ramp up their businesses.
Science Inc.™ gives companies access to industry and investment experts who can advise participants on decision-making in the critical early stages of their development. Through the connections with experts and their cohort, participants cultivate a network of potential investors and collaborator partners.
Eligible participating startups also have an opportunity to apply for up to an additional $200,000 in support through the First Fund™ investment program.
“We’re excited by the growth potential in all members of this cohort,” said Bill Provine, Innovation Space founder and CEO. “From repurposing food waste to developing medicines and technologies that will improve health outcomes, these startups are creating new solutions to some of world’s most important and pressing needs. Our role at The Innovation Space and through our Science Inc. accelerator program is to help these startups magnify their impact and speed their trajectory to market.”
Companies participating in the Fall 2023 cohort include:
Cyta Therapeutics is developing a therapeutic to treat obesity and associated cardiometabolic diseases.
Edulis Therapeutics is developing a minimally-invasive bioresorbable implant for localized drug delivery in patients with inflammatory bowel disease (IBD).
EndoShunt is a developing medical device that aims to end preventable deaths from abdominal bleeding by giving trauma surgeons the gift of time so they can give trauma patients the gift of life.
Foogly is a cleantech startup that uses food waste to make bioplastics and biopolymers through a one-step, eco-friendly process.
Graftable is developing oxygen microspheres to improve graft survival after reconstructive surgery.
Margik is the world’s first low-cost high-volume Organic LED platform that is enabling automotive lighting to become efficient and sustainable.
NKA Bio is developing therapeutic, temperature stable antibodies for critical care.
PriZm is a clinical-stage pediatric rare disease company developing a platform that comprises small molecule, oral therapy for treating MCT8 deficiency in pre- and post-natal babies.
RecurX has developed a microfluidic based diagnostic technology platform that informs the seriousness of the disease, the standard of care needed, and drug treatment options.
Serentrix is developing non-addictive medicine for pain management.
Sindri Materials is an advanced materials company committed to bringing the absolute highest quality graphene into the highest impact applications through novel and proprietary manufacturing methods.
To date and including the current cohort, Science Inc.™ has supported 61 startup participants from 15 states and four countries, including the U.S.
“The Innovation Space entrepreneurs-in-residence are fantastic, and extremely experienced in all aspects of startup management,” said Jason Winder, CEO of Sonogen Medical, a Science Inc. alumni company. “They helped me improve my pitch deck, enhance my financials, and refine my fundraising strategy in ways that I never would have expected.”
The Science Inc.™ Accelerator program accepts companies twice per year, in the fall and spring. The selective program receives applications from across the United States and beyond, with special consideration given to startups who are located or interested in locating within the Mid-Atlantic region.
Eligible industries include: aerospace, agriculture, biotechnology, chemicals and chemical products, therapeutics, diagnostics, clean technology, electronics/instrumentation, food and beverage, healthcare services, industrial/energy, marine and blue technology, medical devices and equipment, nanotechnology, oil and gas, renewables/renewable energy, semiconductors, telecommunications, therapeutics, and transportation.
Science Inc.™ is among a suite of Innovation Space programs funded by a $1.5 million U.S. Department of Commerce grant, which is designed to build regional economies by supporting the growth of technology-oriented startups.
About The Innovation Space™:
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.
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
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:
- Sebastian Alamillo, E.D. of RxnHub
- Randy Allen, Managing Director of Activate
- Sam Crum, Growth Manager at Greentown Labs
- Sam Liss, E.D. of Strategic Partnerships at the Harvard Office of Technology Development
- Sujatha Ramanujan, Managing Director at Luminate
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