Spinout Space has secured a $250,000 grant from Bank of America Charitable Foundation to incubate nascent WSU life science projects.
Washington State University (WSU)’s Health Sciences unit marked the official debut of its new life science incubator on Thursday.
Spinout Space (Sp3nw) is anchored by a $250,000 grant from financial services institution Bank of America’s Charitable Foundation.
Sp3nw will offer faculty researchers access to office and lab space in addition to resources such as mentoring, consultants and legal assistance.
Local entrepreneurs will be able to track WSU life sciences projects through the programme to weigh up the licensing and commercialisation potential.
Target sectors for the incubator include biotech, pharmaceuticals, diagnostics and medical devices.