In an article from Choose Delaware the Innovation Space is featured as a catalyst for breakthrough science and startup growth, as Synnovation Therapeutics has announced plans to significantly expand its workforce at its Wilmington-area location within the Innovation Space. The expansion reflects both the company’s rapid progress in precision oncology and Delaware’s continued leadership as a hub for biotech innovation.

Launched in 2021 by a founding scientist from Incyte, Synnovation Therapeutics is focused on developing targeted small-molecule therapies designed to transform cancer treatment and improve patient outcomes. Since launching operations at Innovation Space, the company has steadily grown its team and advanced its therapeutic pipeline.

Supporting high-growth biotech companies in Wilmington, Delaware

Synnovation Therapeutics plans to create more than 40 new high-skilled jobs and, by 2026, expand its workforce to over 70 professionals, including chemists, scientists, and operational leadership roles. These new roles underscore the company’s continued growth trajectory and its commitment to advancing precision medicine from its base in Delaware.

This expansion demonstrates how Innovation Space’s flexible lab infrastructure and customized support enable early- and growth-stage biotech companies to scale efficiently. By providing purpose-built laboratory environments and access to strategic resources, Innovation Space helps startups accelerate commercialization while remaining rooted in Wilmington.

Enabling scientific innovation through flexible lab space and ecosystem support

The Innovation Space provides more than 130,000 square feet of laboratory and office space designed specifically for science-based startups in life science, clean tech, and advanced materials. Our infrastructure allows companies like Synnovation Therapeutics to focus on advancing breakthrough discoveries while accessing the operational flexibility required to grow.

In addition to lab space, Innovation Space supports startups through:

• flexible lease terms aligned with company growth milestones;
• access to funding programs and commercialization resources;
• strategic connections with investors, partners, and industry leaders;
• a collaborative ecosystem designed to accelerate innovation.

This integrated model helps reduce barriers to scaling while strengthening Delaware’s position as a destination for science entrepreneurship.

Strengthening Delaware’s leadership in precision medicine

Synnovation Therapeutics’ expansion reinforces Delaware’s growing reputation as a center of excellence in precision medicine and life sciences innovation. The company’s development of targeted oncology therapies aligns with regional efforts to advance biotechnology and improve patient outcomes through scientific discovery.
 

By supporting high-potential startups like Synnovation, Innovation Space plays a critical role in building a sustainable innovation pipeline — helping emerging companies progress from early-stage research to clinical development and commercialization.

Creating long-term value for founders, investors and partners

The continued growth of companies within Innovation Space reflects the strength of Delaware’s innovation ecosystem and the effectiveness of purpose-built infrastructure in supporting science-driven ventures.

For startups, Innovation Space provides the lab environment and strategic support needed to advance breakthrough technologies.

For investors and partners, the expansion of companies like Synnovation demonstrates the region’s ability to attract, retain, and scale high-impact biotech companies.

Explore opportunities at The Innovation Space

Whether you are:

• a biotech or life science startup seeking flexible lab space in Wilmington
• an investor exploring emerging science-driven ventures
• a corporate partner interested in engaging breakthrough innovation,

The Innovation Space provides the infrastructure, programs, and ecosystem support to accelerate growth.

➡ Explore our flexible lab space in Wilmington
➡ Learn about customized startup support programs
➡ Connect with our team to explore partnership opportunities