Innovation Space Launches Spring Accelerator Program with 9 New Startups

Spring cohort includes companies specializing in life sciences, clean tech, and advanced materials.

Wilmington, Delaware — The Innovation Space™ today announced that it has accepted nine companies to join its Spring 2024 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 ramp up their businesses. 

Science Inc.™ gives companies access to industry and investment experts who  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 an investment of up to $200,000 in support through The Innovation Space’s First Fund™. 

“This is an exciting Science Inc. cohort, with companies representing a broad range of industries,” said Bill Provine, Innovation Space founder and CEO. “These startups are innovating on some of the most important issues facing us today, from decarbonization and sustainable materials to therapeutics that will improve health outcomes for patients.”

Companies participating in the Spring 2024 cohort include: 

Amalgent Therapeutics is dedicated to enhancing the treatment of severe pain by exploring novel combinations of molecules to develop innovative drugs that offer effective pain relief with reduced side effects, particularly addiction.

Eco Carbon is a chemical startup that aims to sell high-value carbon products through its patented game-changing technology that can de-plasticize plastic wastes and transform them into various carbon products.

Ephemeral Devices creates hardware and software solutions for automating and advancing dynamic imaging and real-time analysis at the nanoscale for creating digital twins in solar and semiconductor manufacturing.

Green Spear is generating anode grade graphite from sustainably sourced CO2 for the lithium-ion battery industry.

ImmuNoVx Biotech is an early-stage company whose mission is to develop a groundbreaking platform technology that allows rapid, low-cost, large-scale manufacturing of live-attenuated, replication-defective DNA pathogens to produce a novel class of vaccines.

NucleoTech is developing a drug delivery platform leveraging nanobody carriers to shuttle therapeutics to the brain, addressing a critical challenge where only ~3% of drugs that enter the bloodstream reach the brain and enabling improved treatment for dozens of conditions.

Silisium Tech is a Carnegie Mellon University spinoff whose mission is to rebuild the US solar supply chain while decreasing cost and decarbonizing at the same time through their novel process of continuous silicon wafer production.

Simmbion is a living medicine company dedicated to replacing needle-based treatment delivery with cell therapy.

Unsmudgeable is a green permanent anti-smudge eyewear lens coating for a lifetime of clear vision.

To date and including the current cohort, Science Inc.™ has supported 70 startup participants from 15 states and four countries, including the U.S. 

“For any aspiring founder or startup, we highly recommend applying for this expertly organized and moderated accelerator program,” said Christopher DiMarco, PhD, CEO and founder of Sindri Materials Corp., a Science Inc. alumni company. “It is fast paced, yet comprehensive, offering a wealth of knowledge each week. The dedicated team and experienced Entrepreneurs-in-Residence make the journey truly invaluable.”

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.  

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 startups.  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. Sign up for more information and updates to learn more about all The Innovation Space™ programs and funding opportunities. 

Innovation Space Selected for ARPA-H Investor Catalyst Hub

Wilmington, Del. —  The Innovation Space™ has been chosen as a Spoke Member of the federal ARPA-H (Advanced Research Projects Agency for Health) Investor Catalyst Hub. Innovation Space joins this network to lend expertise in advancing, funding and supporting innovative new healthcare solutions that can make a difference in the lives of millions of Americans.

“We are immensely pleased to participate in the ARPA-H Investor Catalyst Hub and proud to represent the First State in this endeavor,” said Bill Provine, Founder and CEO of Innovation Space. “Innovation Space is eager to contribute our expertise in scaling up healthcare innovations that can ease suffering and improve the human condition.”

The Investor Catalyst Hub fosters collaboration between public, private, federal and academic institutions to speed the development and delivery of healthcare solutions nationwide. Based in Cambridge, Massachusetts, and managed by VentureWell, the Investor Catalyst Hub will focus on “advancing ARPA-H’s mission of activating and accelerating revolutionary advancements in science and medicine to improve health outcomes for all Americans.”

As an Investor Catalyst Hub spoke, Innovation Space gains access to potential funding and flexible

contracting for faster award execution compared to traditional government contracts. Spoke

membership also offers opportunities to provide input on ARPA-H challenge areas and priorities.

Innovation Space helps science entrepreneurs in multiple industries scale up and accelerate their trajectory to commercialization. In the life sciences sector, Innovation Space has helped launch dozens of therapeutics and medical device startups including the now-public Prelude Therapeutics (PRLD). 

In just six years since its inception in 2017, Innovation Space has supported and enabled more than 100 startups throughout the country through their growth journeys in which these companies have raised more than $1 billion in investments.

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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. Innovation Space works to “transform science and technology startups into industry leading companies.” Located on the historic Experimental Station campus in Wilmington, Delaware, 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 Innovation Space programs and funding opportunities. 

Innovation Space Awarded $750,000 Grant from U.S. Department of Commerce

 EDA’s Build to Scale Capital Challenge invests in accelerator’s “First Fund program

Wilmington, Del. —  The Innovation Space™ has been selected for a U.S. Department of Commerce Economic Development Administration (EDA) grant that will provide $750,000 in support for First Fund, the Wilmington-based innovation ecosystem’s signature seed stage investment program for early-stage science startups. Innovation Space is one of just 20 organizations in the country chosen for an EDA Capital Challenge grant and received the top tier of funding awarded.

“The Capital Challenge grant is a testament to the quality of our programs and the criticality of seed investment to power economic development,” said Bill Provine, Founder and CEO of Innovation Space™. “We are proud to have been chosen for this funding and gratified by EDA’s recognition of our model to support entrepreneurs who will bring us the next big discoveries in life sciences, cleantech and advanced materials. We look forward to expanding the mentorship we provide through our investment program and creating even more connections for our portfolio companies with investors nationwide.” 

Funding will be dedicated to increasing staffing for Innovation Space’s First Fund program, which will enhance the ability to expand geographic reach, attract private co-investors, and deepen the support the Innovation Space can provide to science entrepreneurs.

First Fund is Innovation Space’s most competitive and comprehensive startup support program, including state-of-the-art lab space, capital funding and access to an international network of mentors, experts, and investors.    

“The support from our congressional delegation has been a critical component to securing funding such as this EDA grant, which helps us deliver on our mission to transform science-based startups into industry leading companies. We are grateful to Senator Chris Coons, Senator Tom Carper and Representative Lisa Blunt Rochester for their support,” said Provine.

In just six years since its inception in 2017, Innovation Space™ has supported and enabled more than 100 startups through their growth journeys in which these companies have raised more than $1 billion in investments.

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, 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. 

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

Innovation Space Marks $1 Billion Milestone

Portfolio companies have now raised over $1B in funding to support world-changing innovations

Wilmington, Delaware — The Innovation SpaceTM today announced that its portfolio companies have now raised more than $1 billion in funding since its launch as a not-for-profit organization six years ago.   The Innovation Space is one of the largest science-based entrepreneurial ecosystems in the world and has worked with over 100 startups from across the country and internationally to accelerate their trajectory to market and commercialize their world-changing innovations. The Innovation Space supports startups via virtual programs as well as in its 130,000 ft2 of state-of-the-art laboratories and office space equipped with cutting edge scientific equipment.

“This is a defining moment for the Innovation Space and our community of inspiring innovators,” said Bill Provine, Innovation Space founder and CEO. “From entrepreneurs in clean tech working to curb climate change to those in healthcare endeavoring to cure cancer to others developing advanced materials that will improve the way we live in the future; these visionaries are progressing forward innovations that will improve the quality of our lives while simultaneously making our existence on earth more sustainable.  At the Innovation Space, we are so proud to play a critical and enabling role in the growth and impact journey of these startups.”

Innovation Space has supported science-based startups across a broad spectrum of industries such as healthcare, innovative ingredients, agriculture, advanced materials, clean tech, and advanced manufacturing.   Its portfolio of companies includes healthcare startups like now-public Prelude Therapeutics (NYSE:PRLD), NiKang Therapeutics and Synnovation Therapeutics; agriculture biotechnology company Napigen; renewable hydrogen company and University of Delaware spin-out Versogen; and innovative ingredient companies such as Adesis, which grew rapidly as a business unit of Universal Display (NYSE:OLED) with the enabling assistance of the Innovation Space.

“Innovation is critical to creating jobs, opportunity, and prosperity for our state,” said Delaware Governor John Carney. “In 2017, we partnered with DuPont and the University of Delaware to create the Innovation Space, to offer what many startups cannot afford on their own: state-of-the-art laboratories, premium lab equipment, and quality office space. This partnership has yielded strong results, assisting over 100 startups, including Prelude Therapeutics. The Innovation Space will continue to lead the way for entrepreneurs and changemakers for years to come.”

The foundation of the Innovation Space was built from a strong partnership between DuPont, the University of Delaware and the State of Delaware. Together, this collaboration contributes resources such as financial support, a pipeline of expertise and talent derived from a rich and prolific legacy of innovation that helps startups get off the ground and rapidly grow and scale their impact.

“Reaching this milestone is a remarkable achievement for the Innovation Space,” said Alexa Dembek, Chief Technology and Sustainability Officer at DuPont and Innovation Space Board Member. “Since day one, DuPont has been a proud partner in supporting the Innovation Space’s pursuit of scientific entrepreneurship, and I look forward to many more years of progress from our collaboration. This partnership will help unleash the pioneering spirit of discovery that contributes to our quality of life and fuels a thriving economy.”

“At the University of Delaware, research, innovation and entrepreneurship have always been part of our DNA. We are proud that the partnership we founded with DuPont and the State to launch the Innovation Space has been so successful in transforming discoveries into innovative companies, and ultimately the economic development of our entire state and region,” said Dennis Assanis, President of the University of Delaware and Chair of the Board of Directors of the Innovation Space. “We look forward to continuing our work together to realize the limitless possibilities ahead.”

With a multi-industry mix comprised of 55% healthcare, 30% industrials and 15% clean tech startups, the Innovation Space supports companies innovating solutions to humanity’s challenges in energy, agriculture, the life sciences and engineering.

“This is a great example of cooperation by Delaware’s universities, business partners like DuPont, government at all levels, and philanthropy. I am grateful for the federal funds that helped make this possible, and particularly proud of the $2.5 million in congressionally directed spending I helped secure last year to keep their momentum moving forward”, said U.S. Senator Chris Coons.

Innovation Space has already supported over 700 jobs nationally, including over 450 onsite at the historic Experimental Station campus in Wilmington, Delaware since 2017.

“The Innovation Space continues to inspire science-based startups and support entrepreneurship while showing tremendous success,” said U.S. Senator Tom Carper. Along with Delaware’s Congressional Delegation, Sen. Carper helped secure a grant from the U.S. Economic Development Administration to support the early days of the Innovation Space. “This is a great example of what can happen when all levels of government, private organizations and higher education partner to help continue Delaware’s strong legacy of innovation in the sciences.”

“What helps drive innovation in the First State is our entrepreneurial spirit, and the Innovation Space has become a critical partner in fostering that spirit through its critical support of science-based startups,” said Representative Lisa Blunt Rochester. “I’m proud to be a long-time supporter of the Innovation Space’s work, having secured federal funding alongside Senators Carper and Coons for it to expand its footprint in Delaware and across the country. Simply put, the Innovation Space represents the best kind of partnership that we must continue to utilize and leverage to help our state reach its full entrepreneurial, innovative, and economic potential, and I am excited to see what comes next.”

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.

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 Chosen to Host NASA’s ClimateTech Startup Studio Showcase Event

Concepts by teams of entrepreneurs supported by FedTech and enabled by cutting edge NASA technologies will be showcased

WILMINGTON, Delaware — The Innovation Spacewill host the first NASA Climate Tech Startup Studio showcase, powered by FedTech, this fall. Planned for October 4, 2023, the showcase will feature pitches from a cohort of entrepreneurs who are applying existing NASA technologies toward new commercial climate-focused solutions. Entrepreneurs are currently engaged in curriculum through the Startup Studio to create new climate tech businesses.

“As an accelerator of clean-tech startups ourselves, we at Innovation Space could not be prouder to host the inaugural NASA Climate Tech Startup Studio showcase for new climate solutions-based businesses,” said Bill Provine, founder, president and CEO of Innovation Space. “When a partnership combines advanced NASA technologies with brilliant entrepreneurial minds and FedTech’s intensive coaching, exciting prospects are bound to result. We are eager to learn more about these innovative climate startups and the individuals behind them when they visit us this fall.”

Innovation Space will host the showcase as well as participate in judging at the event. The Startup Studio cohort was selected this spring, kicked off in June and will complete a 16-week program in which each team develops a business model and seeks investment funding for their concept. The showcase serves as the culmination of this startup studio experience and is expected to feature business concepts for a range of NASA technologies in the climate space.

Located on the campus of the Experimental Station and sharing resources with the historic DuPont, Innovation Space supports a vast array of biotechnology, chemistry, and materials science research for companies specializing in clean-and-renewable energy technologies, life sciences and advanced materials. 

Since its 2017 inception, Innovation Space has supported and enabled more than 100 startups in their growth and development. In turn, these companies have raised more than $900 million in funding and employ hundreds of people.

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.

Innovation Space™ CEO to Judge Science Start-Up Pitches at BIO International Convention 

Innovation Space™ CEO to Judge Science Start-Up Pitches at BIO International Convention 

Wilmington, DE – Bill Provine, President and CEO of The Innovation Space™ and a member of the National Council for Innovation and Entrepreneurship will serve as a judge at the Start-Up Stadium pitch competition happening at this year’s BIO International Convention in Boston from June 5-8.

The “Shark Tank”-style event will feature 48 presenting companies from 12 countries across 15 therapeutic areas. Provine will provide feedback to start-ups alongside a panel of highly qualified and experienced industry experts in sessions on June 6th and 7th.

The 2023 Bio International Forum is the second consecutive gathering for which Innovation Space will sponsor a prize for the “Seed-Stage” category (less than $1 million raised) of finalists of the Start-Up Stadium, which includes fast-track admission to Innovation Space™ incubator programs.

“Supporting start-ups on their journey to success is the core of our work at The Innovation Space™,” said Provine. “BIO International is a marquee forum that attracts some of the most exciting life science innovations in development and we want to contribute our expertise. There is nothing more exciting than seeing hard work and new ideas come together under one roof.”

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 startups in their quests to become leaders in their respective industries. Provine serves on the American Association for the Advancement of Science and has decades of experience in science and engineering at DuPont, where he oversaw both the company’s global innovation centers and regional labs. 

The BIO International conference is one of the many ways that Innovation Space is supporting start-ups across the country and attracting global talent. Across the Mid-Atlantic, California and the world, The Innovation Space™ has invested in dynamic startups in the fields of healthcare, advanced materials, diagnostics, therapeutics, nutrition, chemical ingredients, industrial and agricultural biotechnology and renewable energy.  

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.

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The Innovation Space™ Joins Delaware Business Roundtable

FOR IMMEDIATE RELEASE: April 25, 2023

Contact:   Meredith Montalto
Email: meredith@ceislermedia.com
Phone: (610) 322-1703

The Innovation Space™ Joins Delaware Business Roundtable

WILMINGTON, Del. —  The Innovation Space™, one of Delaware’s leading economic engines based on science entrepreneurship, has joined the prestigious Delaware Business Roundtable.  The partnership will focus on attracting and supporting science startups in Delaware as they build and scale their businesses.  Bill Provine, Founder and CEO, will represent Innovation Space among the Roundtable’s volunteer consortium of CEOs who help to guide economic growth in the First State.

“Delaware is my home as well as the home of The Innovation Space™. The community here has allowed our ecosystem to thrive and support some very important discoveries happening in the sciences right now; ones that enable innovations that help to cure cancer and others to confront climate change,” Provine said. “I am honored to join this group of leaders at the Roundtable and work collectively with them to intensify Delaware’s position as the best place to do business.”

Provine has spent nearly a decade cultivating and growing the Innovation Space™ ecosystem, which was formed via a public-private partnership between DuPont, the University of Delaware and the State of Delaware. Today, it includes a range of mentors, founders, and funders, who together support science entrepreneurs in their journeys from ideation to market.

Since its 2017 inception, The Innovation Space™ has supported and enabled more than 100 startups in their growth and development, which in turn, these companies have raised more than $800 million in funding and employ hundreds of people, most of those in Delaware.

Delaware Business Roundtable members head up cross-sector companies that employ more than 75,000 people across the state. As a non-partisan consortium, the Roundtable leads on and promotes broad public policy issues that impact economic growth, advocate for quality public education and resources for entrepreneurs, and offer key business community perspectives to lawmakers and regulators when called upon.

“The Innovation Space is a major contributor to the current and future growth of Delaware’s science entrepreneurship sector and business community,” said Delaware Business Roundtable CEO Bob Perkins. “We are proud to have them as Roundtable members.”

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.

About The Delaware Business Roundtable (www.dbrt.org):

The Delaware Business Roundtable is a non-partisan, volunteer consortium of CEOs whose companies collectively employ over 75,000 people in Delaware. Since its inception in 1981, the Roundtable’s broad mission is to enhance the quality of life in Delaware by promoting commerce, job creation and select public policy issues. In recent years, the Roundtable has been a leading supporter of public education transformation and entrepreneurs in Delaware.

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Innovation Space CEO: Public-Private Partnerships Spur Innovation

FOR IMMEDIATE RELEASE: April 17, 2023

Innovation Space CEO: Public-Private Partnerships Spur Innovation  

Innovation Space President and CEO Bill Provine Shares Experience with Attendees of University-Industry Partnership Conference

Nashville, TN. — Bill Provine, President and CEO of The Innovation Space ™ will speak to attendees of the 2023 University-Industry Development Partnership (UIDP) conference this week about the ways such partnerships can energize innovation ecosystems. The Innovation Space is a prime example of a successful partnership between the State of Delaware, DuPont, and the University of Delaware that is catalyzing scientific innovation.

While public-private partnerships (P3) have become common models for local governments to fund infrastructure needs, this dynamic is only starting to become more popular for large-scale workforce development initiatives and startup development.

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 boards for the National Council on Innovation and Entrepreneurship, The Resolution Project, and the American Association for the Advancement of Science. He 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.

“What we have found with the Innovation Space model is that early-stage startups thrive in an ecosystem where many resources can be brought to bear to support them,” said Provine. “We’ve combined a strong innovation pipeline through our partners and networks at leading research universities such as the University of Delaware combined with the industry leadership and commercialization expertise of DuPont and the investment of our state government to create a platform that has launched and accelerated over 100 companies. This model has catalyzed innovation on both a regional and nationwide scale through our virtual programs and state-of-the art scientific laboratories.”

The UIDP brings together university and private industry entities to share challenges and successes and build new partnerships. Provine will be joined by Clarence Anthony Jr., the Workforce Development Program Manager for the Partnership for Inclusive Innovation. The full UIDP schedule can be found here.

In just six years since its inception in 2017, Innovation Space, located on the Experimental Station campus in Wilmington, Delaware, has supported and enabled more than 100 startups in their growth journeys, which in turn has raised over $800 million in private capital.

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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