|[March 15, 2013]
iBIO Institute's PROPEL Center Awards 25 Grants to Early-Stage Life Sciences Companies
CHICAGO --(Business Wire)--
Center of the iBIO
Institute, dedicated to increasing the number and success rate of
early-stage life sciences companies in Illinois, announced today that it
has awarded 25 grants to help local entrepreneurs attend the 2013
BIO International Convention in Chicago. The BIO convention is the
world's largest gathering of biotechnology companies, research
institutions and governmental organizations.
PROPEL awarded nine full or partial grants to enable more Illinois
early-stage life sciences companies to participate in the convention's BIO
Business Forum® Partnering. The PROPEL grant recipients
Cooling Therapy, ArborVita
"This award will provide us with a great opportunity to meet one-on-one
with potential partners at the BIO International Convention," said Nancy
Tyrrell, vice president, Business Development of Shamrock Structures.
PROPEL distributed a total of 25 grants to 21 companies to support their
presence at BIO 2013, including the BIO
Entrepreneurship Boot Camp and the BIO
"So many of our early-stage life sciences companies can benefit from
attending the BIO International Convention, but in some cases financial
constraints hamper their ability to participate," said Barbara Goodman,
senior vice president of PROPEL. "With these awards, and with the
convention returning to Chicago for the third time, Illinois can
showcase our outstanding technologies and entrepreneurs and our thriving
The PROPEL Center awarded the 25 grants in partnership with the Illinois
Department of Commerce & Economic Opportunity (DCEO). Ten
members of the BIO 2013 Community Relations Committee reviewed the
applications and selected the recipients.
"PROPEL is such a fantastic resource. It has been instrumental in
helping us become more credible, more believable and even more appealing
to our investors," said Dimitra Georganopoulou, Ph.D., vice president,
Research and Development of Ohmx. "We can't thank PROPEL enough for
choosing Ohmx for this award."
For more information on PROPEL or the iBIO Institute, visit www.ibioinstitute.org.
For more information on the 2013 BIO International Convention, returning
to Chicago April 22 - 25, visit www.convention.bio.org.
PROPEL is a group of programs aimed at increasing the number and success
rate of early-stage life sciences companies in Illinois. PROPEL helps
guide the development of formation-stage and early-stage life sciences
companies by providing entrepreneurs with access to specialized
resources and expertise to prepare them for early-stage funding. PROPEL
is a Center of the iBIO Institute. To learn more about PROPEL and its
programs, visit www.ibiopropel.org.
About iBIO Institute
The mission of the iBIO Institute is to orchestrate business leadership
in delivery of world-class educational programs and job-creating new
technology ventures. The Institute's EDUCATE Center delivers science and
math programs for teachers and students, thereby inspiring the next
generation of innovators and helping restore America's leadership in
technology education. The Institute's PROPEL Center increases the
number and success rate of early-stage life sciences companies in
Illinois. To learn more about iBIO Institute and its programs, visit www.ibioinstitute.org.
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