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UConn Doubling Capacity to Cultivate Business Startups

October 20, 2014 By: Chris DeFrancesco

A new construction project now underway on the UConn Health campus will double the University’s total business incubator space for the cultivation of startups throughout the state.

The $19.4 million addition to the Cell and Genome Sciences Building represents an expansion of UConn’s Technology Incubation Program (TIP), which provides lab space and services to dozens of companies that are commercializing technology.

The project is the latest in a series of initiatives funded by Bioscience Connecticut, a nearly $1 billion package of state investments, which supports the vision of creating a regional hub that can serve as a catalyst for biomedical science and health care advancement, and the anticipated economic growth associated with it.

The incubator expansion at UConn Health is a great opportunity for Connecticut’s citizens and industry,” says Jeff Seemann, vice president for research. “This expansion provides a physical resource to capture the companies and jobs emanating from Bioscience Connecticut for the state, and ensures that opportunities rapidly develop by extending a bundle of services designed to grow and sustain them.”

The first occupants are expected to move into the new TIP space at UConn Health by December 2015. The expansion in Farmington will add 28,000 square feet for new tenants, which have the option to develop their ideas in high-tech facilities at the Farmington, Storrs, or Avery Point campuses.

“UConn’s incubator offers even greater value by providing access to unique assets and expertise that can only be found at a leading research institution,” Seemann adds.

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