The Institute for Life Science Entrepreneurship (ILSE) has been awarded a $100,000 planning grant in partnership with Union Township to expand its outreach to life science entrepreneurs and its university programs. A Union Township proposal to expand ILSE Life Science Incubator received one of nine New Jersey Economic Development Authority (NJEDA) Innovation Challenge awards. The ILSE incubator, as it is called, is a facility that currently supports eight startup life science businesses by providing physical space, shared equipment, and experienced support and consultation on the challenging issues facing entrepreneurs.
The incubator currently host about 10 life sciences startups and plans to expand to about 25 companies as the incubator is expanded.
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