Mansfield BioIncubator

This EDA investment will help establish the Southeastern Massachusetts Life Science Ecosystem, a regional biotech ecosystem that fosters growth within existing biotech firms, attracts new biotech firms, and supports the industry cluster through a prepared and skilled workforce. To foster an ecosystem that supports the development of the biotech industry in Southeastern Massachusetts, the Incubator will take on activities to scale existing, proven mentorship programs that support workforce development and entrepreneurship. The Southeastern Massachusetts Life Science Ecosystem will tap into existing resources including data, angel and venture capital investors, existing partners in biotech and professional trade organizations to attract additional startups, investors, and higher education institutions located in and near four Gateway Cities, and existing partners in biotech and professional trade organizations to attract additional partnerships. This initiative seeks to support at least 80 new biotech startups, assist in securing over $200 million in venture money, and facilitate 10 strategic partnerships, encouraging collaboration and mutual growth within the sector.