Funding for Biotech Startups - The Advantages of Leasing Space at HCAR
The Hershey Center for Applied Research is among the leading research parks in the country focusing on the natural sciences, with innovative companies and university researchers making important breakthroughs in the fields of medicine, biotechnology, nanotechnology and more. Tenants at HCAR enjoy access to the latest research equipment, technology, and expertise thanks to our close relationship with numerous partner organizations and institutions.
For a biotech company, capital investment is crucial to growing the business and commercializing high-technology research. HCAR specializes in connecting companies to sources of biotech funding from across the state and around the country. Tenants at HCAR enjoy access to the Wexford Science & Technology network of research parks, where some of the most respected research institutions call home.
Because of the nature of the field, a biotech company requires a large amount of capital to get off the ground. The HCAR staff understands the unique needs of the biotech community, as well as the most promising avenues for raising venture capital and other funding. Our long-standing professional partnerships with investment groups and support organizations are leveraged for the benefit of our tenants through our Strategic Business Services, matching companies with eager investors and institutions.
Funding for a biotech company is available in a number of different forms. In addition to venture capital, many of our tenants have been the recipients of grants and contracts from public and private institutions working to promote innovation in biotechnology.
The central East Coast location of HCAR provides a tangible advantage to early stage startups seeking the right place to launch a biotech venture. With close proximity to the major business hubs of New York, Philadelphia, Boston, Baltimore and Washington D.C., startups working in the research sciences and bio technology fields gain access to everything, including top-flight talent to execute their vision, valuable exposure and prominent sources of biotech venture capital.
Our state-of-the-art research and technology park is adjacent to the Penn State Milton S. Hershey Medical Center and College of Medicine — centers that we share a strategic partnership with. We have also established relationships with many of the leading institutions and organizations capable of playing an integral role in securing funding for promising biotech startups.
Working alongside other researchers in a collaborative environment fosters innovation among all the tenants of HCAR. Our tenants include companies of all sizes, from startups to established businesses. When looking for biotech company funding, the experience of both the HCAR staff and fellow tenants is indispensable, especially for a biotech startup. With contacts and connections throughout the venture capital community, we aim to help companies raise the funding needed to pursue their research.
Get in touch with us today to schedule a tour of our facilities, and learn more about how HCAR can help your biotech startup secure the funding it requires to achieve great things.