Kyle
Peoria Arizona is preparing for a new biotech incubator called Bioninspire. The incubator will launch next month and is a partnership between the city of Peoria and BioAccel and Plaza Companies a real estate firm.
BioAccel is a Phoenix Arizona based non profit that works in life science technologies. Plaza Companies specializes in medical and technology real estate. BioInspire will focus on medical device technologies. The incubator will operate out of 6800 feet that will encompass office space, lab space, conference rooms and more.
The city will support BioInspire with an aggressive marketing campaign.
For selected biotech startups BioInspire could provide up to $300,000 in seed investment along with free office space, free lab space and mentoring. Mary Ann Guerra, Chief Executive of BioAccel said that she hopes to bring in the right people that want to succeed and plans to do this with a vigorous vetting process.
The Bionspire Incubator will have an advisory council that includes; Russ Yelton, President of Northern Arizona Center for Emerging Technologies; John Lineham, a biomedical engineer professor at Northwestern University; and Enrico Picozza, director of SensAble Technologies.
The city is hoping that the incubator will help fuel the local economy and that the companies incubated there will stay in the area and continue to grow.
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Source: AZ Central
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