Facility Feasibility Study for Wet-Laboratory Incubator in Austin, TX

Facility Feasibility Study for Wet-Laboratory Incubator in Austin, TX
Authors/editors: WalkerPeach, Cindy R.
Type: technical report
Publisher: IC² Institute, The University of Texas at Austin
Date: 2011-07-31
Full text: http://hdl.handle.net/2152/18976

Description

Feasibility study for the development of a wet-laboratory incubator in Austin, Texas, conducted by the Austin Technology Incubator. Constitutes the final report for Economic Development Administration Grant F08-06-04600. Investigates the hypothesis that, due to a shortage of commercial wet laboratories in the Austin area, the creation of a wet-lab space available to startup companies would stimulate commercialization within the biosciences. Concludes that a wet-lab incubator would generate between $41 million and $109 million in additional earnings and create between 694 and 1832 jobs. Presents best practices from a study of eight successful wet-laboratory incubators. Includes detailed recommendations for marketing, siting, architecture, and facilities, as well as draft legal agreements.

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