DSU’s High Technology Incubator Will Allow Delaware Companies to Thrive, Landmark Facility will Bring Business and Jobs to State while Allowing Innovative Exchange Between Small High Tech Businesses

DOVER, DE – Today’s groundbreaking for the High Technology Incubator building at Delaware State University marks a significant investment by the community in the state’s economy. Senator Tom Carper grabbed a shovel and joined Governor Ruth Ann Minner and Delaware State University President William B. DeLauder today at the facility, which is expected to attract a significant amount of business and jobs to the state while allowing for innovative exchanges between small high technology businesses. “The High Tech Incubator will prove significant both to our state’s economy and to our reputation for leadership in this field. Innovative partnerships like this continue to put Delaware in the spotlight,” Carper said. “When we started working on this years ago, I had no idea how quickly the idea would catch on. Today we are looking at the groundwork for a building with room for research, innovation and mentoring. Delaware continues to be a laboratory for fresh ideas.” The Incubator Building will be located on the DSU campus and will provide office, research and laboratory space for high-tech, start-up companies in the biotechnology field. The DSU High Technology Incubator was created by DSU and is a result of efforts from the state, the university and private industry. It is slated for completion in March 2004. “It’s important that we continue to support an environment where new business can grow,” Carper said. “This venture does just that.”