Global health and biosciences leader IFF deepens its support for Innovation Space startup ecosystem through employee engagement and board leadership
WILMINGTON, Delaware (Date) — The Innovation Space™ announced today that it has entered a new strategic partnership with, IFF (NYSE:IFF), a global leader in flavors, fragrances, food ingredients, health and biosciences. This partnership marks a major step forward in The Innovation Space’s mission to empower science entrepreneurs and their startups with expert resources, particularly those in the life sciences and health & biosciences sectors.
“This strategic collaboration enhances our ability to hyper support high-potential startups and offers an unmatched opportunity to bring world-class commercial insights in industrial biotechnology sectors to entrepreneurs in our ecosystem,” said Bill Provine, CEO of The Innovation Space.
This further expands the breadth of The Innovation Space’s strategic corporate collaborations and partnerships which also includes foundational partner DuPont™ who is a market leader in advanced materials and key markets such as electronics, transportation, construction, water, healthcare and worker safety.
As part of this new initiative with IFF and The Innovation Space, Dr. Casper Vroemen, IFF’s Chief Technology Officer, will join the Board of Directors of The Innovation Space and will work with The Innovation Space to further intensify collaborative interests with IFF. This deepened relationship underscores the shared commitment between the two organizations to foster innovation and deliver meaningful impact for both parties through employee engagement, startup mentorship, and ecosystem engagement in support of the growth our startups in our ecosystem.
“I am delighted to join to the Board of Directors of The Innovation Space and believe that the synergy of IFF’s global reach and expertise in industrial biotechnology with The Innovation Space’s leadership with startups will create long-term value for all involved,” said Casper Vroemen, Chief Technology Officer of IFF.
The Innovation Space was built with collaboration as part of its DNA. The Innovation Space was formed with a foundational partnership between DuPont™, University of Delaware, and State of Delaware and continues to expand to include additional partners from across the life sciences, cleantech, and advanced materials sectors, now with the addition of IFF.
“Our strategic mission at The Innovation Space is to provide best-in-class support for science entrepreneurs who are tackling critical world challenges and striving to make lives better,” said Bill Provine CEO of The Innovation Space. “Our corporate partners and their expert employees are critical mentors to keep our startups focused and commercially relevant which enhance their abilities to scale, raise funding and investment, and get to market more quickly; as such, we are so pleased to add IFF now as one of those partners.”
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About The Innovation Space™:
The Innovation Space™ is a nonprofit innovation ecosystem and the virtual and physical home for science-driven startups. Located on the historic Experimental Station campus in Wilmington, Delaware, it offers 130,000 ft2 of state-of-the-art lab and office space, access to cutting edge equipment, and a suite of strategic entrepreneurship programs and funding opportunities. With a mission to transform science and technology startups into industry-leading companies, The Innovation Space supports founders in life sciences, clean tech, and advanced materials with the resources, capital, and community they need to grow and scale.
Learn more at innovationspace.org, and subscribe to our quarterly newsletter for updates on programs, funding opportunities, and community milestones: innovationspace.org/signup.
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At IFF (NYSE: IFF), we make joy through science, creativity and heart. As the global leader in flavors, fragrances, food ingredients, health and biosciences, we deliver groundbreaking, sustainable innovations that elevate everyday products—advancing wellness, delighting the senses and enhancing the human experience. Learn more at iff.com, LinkedIn, Instagram and Facebook.
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