DuPont, Delaware create incubator | May 1, 2017 Issue - Vol. 95 Issue 18 | Chemical & Engineering News
Volume 95 Issue 18 | p. 16 | Concentrates
Issue Date: May 1, 2017 | Web Date: June 27, 2017

DuPont, Delaware create incubator

Department: Business
Keywords: start-ups, DuPont, Delaware, Experimental Station
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DuPont donated its newest building at the Experimental Station to the incubator.
Credit: DuPont
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DuPont donated its newest building at the Experimental Station to the incubator.
Credit: DuPont

DuPont is joining with the State of Delaware and the University of Delaware to form Delaware Innovation Space, a business incubator at the DuPont Experimental Station, which is a research lab where DuPont has excess capacity. DuPont is donating a building and labs valued at about $15 million plus $2.0 million worth of equipment and $1.3 million in start-up funding. The state will contribute $5.0 million in start-up funding; the university will pitch in $1.5 million. The partners hope the facilities will keep ex-DuPonters and other entrepreneurs in Delaware.

 
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