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Thomas Jefferson once gave the Diamond State its nickname because of its strategic central and waterfront location, calling it a “gem.” It’s true, Delaware’s biggest industries have easy shipping routes to large east-coast cities. Beneficiaries include chemicals, manufacturing, and the state’s petroleum refinery.
The state is no stranger to new business ventures, too. Because of its reputation for corporate privacy and courts that only handle corporate matters, many venture funds require incorporating companies to register in Delaware, so startups already in the state have a simpler journey.
Biotech is an up-and-coming industry growing in the fertile Delaware corporate landscape. It’s home to NiKang, which recently raised $200 million to scale its small molecule cancer treatments. A year before, Prelude Therapeutics, based at the Delaware Innovation Space, went public at a valuation of over $1 billion. These pharmaceutical companies join manufacturing heavy-hitters like Fujifilm, which makes inkjet cartridges in New Castle.
The state offers support in the form of multiple incubators and accelerators to businesses growing and scaling in Delaware.
Billing itself as the home for “science-based” startups in Wilmington, this innovation space is outfitted for biotech, chemical, and manufacturing. Multiple funding programs focus on science-based startups, offering coaching, office hours, funds, and equipment.
Wilmington supports its thriving startup scene with an incubator that’s helped launch 73 companies. There are popular pitch events, office space, mentorship, and networking here.
Newark’s incubator on the campus of the University of Delaware, the hub focuses on science and technology, including IT. It provides office space, labs, grants, and networking opportunities.
With locations in Wilmington and Philadelphia, this maker-space-oriented incubator can help provide office/fabrication space, coaching, and an extensive community of educators, artists, and engineers.
Michael Seibel CEO at Y Combinator
Jason Ovryn Co-founder & COO at Carry