Public-Private Partnership Funds Innovation Incubator In Alapocas, Delaware
“DuPont’s vision for the Experimental Station is to harness the power of collaboration to drive innovation,” said Doug Muzyka, DuPont Senior Vice President & Chief Science and Technology Officer. “The Delaware Innovation Space will accelerate new business growth and give entrepreneurs, scientific leaders, and businesses access to best-in-class talent, resources and the culture of the Experimental Station.”
The Delaware Innovation Space will focus on key Science, Technology, Engineering and Mathematics areas that align with strengths both DuPont and UD bring to the venture. They include industrial biotechnology, renewable energy, advanced materials, chemical ingredients, nutrition and healthcare to help strengthen Delaware’s presence as a leader in those areas.
It also will provide education to entrepreneurs and startups, help accelerate the formation of new businesses, and connect Delaware’s students with the work of innovators and entrepreneurs.
The Delaware Innovation Space will be located in a dedicated building at the Experimental Station. It will include approximately 100,000 square feet of innovative laboratory and office space comprised of a mix of large shared lab spaces and open office areas in addition to private laboratory and office suites. Delaware Innovation clientele also will have access to other common spaces and leveraged capabilities at the Experimental Station.
“The Innovation Space at the Experimental Station shows that DuPont, the state and the University of Delaware are committed to creating a nurturing environment for business to grow and thrive,” said U.S. Senator Tom Carper. “Delaware may be small, but we are nimble. We have all levels of government partnering with the private and non-profit sectors to find ways to make Delaware a more attractive place to do business. The Innovation Space is another example of a great idea that came from the power of partnerships.”
State of Delaware contributed $5 million in startup funding support over 3 years from its Strategic Fund. DuPont donated $1.25 million in startup funding, along with an investment of $15 million in a modern laboratory and office building at the Experimental Station, as well as laboratory equipment valued at up to $2 million The University of Delaware contributed $1.5 million in startup funding over three years.
“Delaware’s economy remains in transition, and we should do everything we can to support innovation, and partner with the private sector to drive business and job growth,” said Governor Carney. “DuPont and the University of Delaware have long histories of innovation, and remain crucially important to the future of our economy and our state. This partnership will draw upon the resources of those institutions to help science-based businesses grow here in Delaware, and connect Delaware’s students to the work of our most talented innovators.”
2018 Leading Metro Locations: Pacific and Mountain Metros Dominate the List
33rd Annual Corporate Survey & the 15th Annual Consultants Survey
2018 Top States for Doing Business: Georgia Ranks #1 Fifth Year in a Row
Made in America: An Outlook for Manufacturing in the U.S.
Location USA 2018
A Changing Food Manufacturing Industry
2017 Food Processing
Opportunity Zones Can Uplift Communities and Investors Alike