Arizona Startups: BioInspire BioTech Medical Device Incubator Taking Applications

by Kyle in Arizona, Biotech, Everywhere Else, Incubators, Startups, Venture Capital
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Earlier this month we reported on a brand new biotech/medical device startup incubator opening up in Peoria Arizona. BioInspire, a partnership between the city of Peoria, BioAccel and Plaza companies, is looking to fill the incubator with early stage companies in the biotech/medical device field.

BioAccel announced at the AZBiz Expo last Thursday, a call for applications to identify companies that can advance medical device development and popular BioInspire.  Tenants will get office space, access to labs, mentorships and up to $300,000 in seed funding.

“We want to build on our significant health care footprint” said Scott Whyte, director, economic development services, city of Peoria. Nearly 19% of the jobs available in the city are in health care. Whyte added “The new facility provides a unique focus, including resources for medical device development that will hopefully attract attention across the US and bring the best technologies to Arizona.”

Bioinspire is managed by BioAccel, a Phoenix–based non-profit that works to accelerate the commercialization of life-science technologies.  BioAccel partnered with the City of Peoria to leverage its assets to provide Bioinspire with a sound foundation, comprehensive infrastructure and significant experience needed to launch the new enterprise and to drive positive economic impact and job creation. BioAccel’s commercialization programs are embedded in Bioinspire’s operations, which provide for ongoing deal flow and new company formation.

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Arizona Startups: Peoria Getting New Biotech Incubator “BionInspire”

by Kyle in Arizona, Biotech, Everywhere Else, Incubators, Startups
Comments Off on Arizona Startups: Peoria Getting New Biotech Incubator “BionInspire” 0 Like 2,147

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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