Biodesign Institute raising funds for startups

December 22, 2009

By hammersmith

[Source: GenomeWeb News] – The Biodesign Institute at Arizona State University is in the process of securing $5 million to $10 million to provide funds for the first startup companies expected to move later this winter into its new Biodesign Impact Accelerator.

Those startup companies — to be selected from proposals now under review by the accelerator’s executive committee — will be designed to commercialize the institute’s research discoveries and technologies, he said.

The startups will have access to up to 8,000 square feet of research space at the Biodesign Institute, located on ASU’s Tempe, Ariz. campus — as well as an entire approximately 25,000-square-foot floor a five-minute drive away at SkySong, the ASU Scottsdale (Ariz.) Innovation Center. The center, co-developed with the city of Scottsdale, is designed to provide expanding companies entering or expanding within the US with services that include access to new technologies, capital networks, business education and skilled workers.

For more information: Biodesign Institute Raising Funds for Startups