Innovation is a hot topic right now specifically in the science and tech fields. Wilmington and Delaware as a whole happen to be at the center of it. Siteselection.com just announced that the seventh most innovative company is Incyte, the start-up company that came about in 2002. Incyte develops innovative cancer treatments with emphasis on immune and targeted treatments here in Delaware. They are one of many companies that are choosing Wilmington and Delaware as their home because of the access to major cities and cheap living costs.
The First State has the high-end scientific and business talent without the high-end price tag. According to Forbes’ the seventh most innovative company in the world is based in Delaware. Incyte, the start-up company that came about in 2002, develops cancer treatments with emphasis on immune and targeted treatments. It employs more than 1,200 people in the U.S., Europe, and Japan.
“It was a natural decision to stay in Wilmington,” says Hervé Hoppenot, Chairman, President, and CEO. “As we have grown, we have explored other options, however, the city and state continue to provide the support and resources companies like ours need to be able to drive innovation.”
Perhaps the best example of great minds and collaborative partnerships in the state is STRIDE — the Science, Technology, and Research Institute of Delaware, which provides research and development services to companies of all sizes in the chemical value chain.
So would the coding talent they would find in Wilmington and elsewhere in the state. Some of that is thanks to Ben duPont, who in 2015 co-founded Zip Code Wilmington, a nationally recognized, non-profit coding boot camp.
“In the future, no matter what industry you’re in, software will be very important. That’s one reason we started Zip Code Wilmington — to build that base. We now have 200 alums in the city, and we’re graduating students at a rate of about 100 per year. Almost all are placed locally. While we’re very excited about placing them in an average salary of just over $75,000, finding an equivalent coder in Palo Alto or New York City will run about $120,000. We’re an inexpensive place in which to build a software development team.” said Ben duPont.