Public/Private Partners to Launch Delaware Innovation Space

A new incubator is slated to become a catalyst for economic growth and innovation in Delaware.

Delaware Innovation Space, an incubator that is being launched by DuPont, the University of Delaware and Delaware state government, will be located just outside of Wilmington and will contain 100,000-square-feet of space for science-based startups.

“This partnership between private business, academia and the state is precisely the recipe for economic growth that has proven successful in other regions across the country,” said Bob Perkins, executive director of the Delaware Business Roundtable in a Delaware Online article. “It’s an enlightened approach that will create opportunities for an entrepreneurial ecosystem to grow and create the future jobs our state needs.”

Investment from each of the three partners will add up to $25 million for the project.

Delaware Innovation Space will soon join the over 65 co-working spaces, accelerators and incubators located in the Greater Philadelphia region that are spurring economic growth and innovation.