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Business

DuPont, Delaware create incubator

by MICHAEL MCCOY
June 27, 2017 | APPEARED IN VOLUME 95, ISSUE 18

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Credit: DuPont
DuPont donated its newest building at the Experimental Station to the incubator.
Credit: DuPont
DuPont donated its newest building at the Experimental Station to the incubator.

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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