Washington State University has launched a new incubator to grow early-stage health care and life science startup companies.
Spinout Space in Spokane – also known as sp3nw – will offer startups assistance with grant preparation; operational and intellectual property support; and legal and marketing services in the Ignite Northwest building at 120 N. Pine St., according to a news release.
It also will provide startups with a offices, lab space and an opportunity to interact with WSU faculty, a mentor network of established entrepreneurs and nearly three dozen consultants, investor groups and service providers.
The network of consultants and mentors will aid in the process of commercializing health care products, while driving economic and job growth in the region, according to the news release.
The Bank of America Charitable Foundation awarded sp3nw with a $250,000 grant that will go toward attracting and retaining biotech, pharmaceutical, diagnostics and medical device companies,