University of Delaware & DuPont Partner to Create a Business Incubator

Known as Delaware Innovation Space, the 100,000-square-foot hub will be for dozens of early-stage, science-based startups at DuPont’s Experimental Station in Alapocas.

Read the full article at DelawareOnline.com

DuPont CEO Ed Breen announced in January that the company is planning to spend $200 million on modernizing and upgrading the Experimental Station. The property, he said, will eventually house collaboration centers for DuPont customers and suppliers, along with third-party science companies.

A handful of other companies already occupy space at the 150-acre facility. DuPont spinoff Chemours, the life sciences company Hygiena that purchased DuPont’s food safety diagnostics business and Nemours Biomedical Research all lease space.

“A project like this could be very useful and beneficial here in Delaware,” said Michael Bowman, president of the Delaware Technology Park and a central figure in the state’s bioscience industry.

“The state will get jobs out of the deal, UD gets an outlet for its research collaborations and spin-out businesses, while the future DowDuPont will get access to a first-hand view and access to the innovation being produced by tenants at this new incubator,” he said. “Plus we, as a state, have a better chance of retaining some of the talent that’s out there by giving them a place to build and grow their businesses.”

Delaware’s long tradition of chemical innovation and synergizing it with technology provides a clear path for our future economy.
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Feature Image: By Corporate [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

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