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Innovation & Job News

Inventing the Future: Science Center's Port community expands

Science Center's Port Business Incubator expands

Science Center's Port Business Incubator expands

Science Center's Port Business Incubator expands

Two new biotechnology companies have moved to the University City Science Center's Port Business Incubator. They join the 45 other life science, healthcare IT, and emerging technologies startups currently working there. 

Targeted Therapeutic Solutions and Innolign Biomedical both launched as part of the University of Pennsylvania's UPstart Program, which develops Penn's intellectual property by helping faculty form new companies. The initiative provides participants with access to business planning, advice and support resources through collaborative relationships with entities such as the Science Center.

Targeted Therapeutic Solutions is currently developing a unique agent to reduce the incidence of stroke and bleeding for patients at risk for pulmonary embolism, deep vein thrombosis and certain types of heart attacks. Innolign Biomedical is utilizing its microfabrication technologies and tissue engineering to develop assessment platforms for the pharmaceutical industry and biomaterials to promote therapeutic tissue regeneration.

"These two new companies complement the diverse composition of the Science Center's Port incubator," says Christopher J. Laing, MRCVS, Ph.D., the Science Center’s vice president of Science and Technology. "The UPstart Program is creating an exciting pipeline of startups in biotech and emerging technologies. We are delighted to provide an ecosystem that will allow these companies to continue to grow." 

Both startups will use laboratory and office space at the Science Center for product research and development. They have each received Phase 1 Small Business Innovation Research (SBIR) funding from the National Institutes of Health.

Laing points out that with 198 hospitals and six major medical schools in the region, Philadelphia is the largest market for healthcare in the country -- which makes it a great city for startups in the field. 

"Greater Philadelphia is also home to 15 leading life science companies, and 78 have headquarters in the region," he says. "That is very important for health companies looking to establish relationships with industry."

Writer: Nicole Woods
Source: Christopher J. Laing, University City Science Center
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