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TMCNet:  Prince William County welcomes ISOThrive as the first tenant of the Prince William Science Accelerator

[April 08, 2014]

Prince William County welcomes ISOThrive as the first tenant of the Prince William Science Accelerator

PRINCE WILLIAM COUNTY, Va. --(Business Wire)--

The Prince William Board of County Supervisors today announced that ISOThrive LLC (ISOThrive) a start-up life sciences company, will occupy 603 s.f. of space in the Prince William Science Accelerator commencing May 15, 2014.

As a targeted industry, and the first tenant of the Prince William Science Accelerator, the Board of County Supervisors committed $9,200 from the Prince William County Economic Development Opportunity Fund to offset a portion of the costs of equipment purchases by ISOThrive and to assist the company in the location of its life science research facility in Prince William County. ISOThrive announced its intent to invest $143,000 in this project.

ISOThrive recognizes the benefits of locating in the Prince William Science Accelerator, the only public-private commercially available property featuring wet laboratory spaces in Northern Virginia. The facility provides close proximity to key federal institutions and is ideally situated in the heart of a well-established life sciences ecosystem, adjacent to George Mason University's Prince William Campus. The company is dedicated to bringing to market dietary supplements through a new patented process in the growing field of microbiome health.

"The Board has a long-standing commitment to the life sciences industry, which dates back to 1992," said Corey Stewart, Chairman of the Prince William Board of County Supervisors. "This Board made a firm commitment to the growth of start-up life sciences companies when we supported the Prince William Science Accelerator in 2013, and we welcome ISOThrive as the Science Accelerator's first teant. We look forward to the continued growth of the life science industry right here in Prince William County, Virginia."


"Establishing our business in Prince William County, Virginia will significantly aid in our scientific research and bringing our products to market," said Jack Oswald, Chief Executive Officer, ISOThrive. "We're delighted to become the first tenant in the Prince William Science Accelerator and excited about our future business opportunities, which has been made possible by this unique public-private partnership established by Prince William County."

"Prince William County and George Mason University have a long and successful history in attracting and developing life sciences here in Innovation Park, and the Science Accelerator enhances our ability to establish and grow new companies here in Prince William County," said W. S. Wally Covington, III, Brentsville District Supervisor, Prince William Board of County Supervisors.

Scheduled to open in spring 2014, the Prince William Science Accelerator will accommodate and support start-up and fast-growing life sciences and biotechnology companies, to help propel the industry forward. The Prince William Science Accelerator contains approximately 9,000 s.f. of modern wet laboratory space which can be flexibly subdivided into nine laboratories for individual companies. In addition to the web laboratory areas, theses spaces also contain fume hoods, various laboratory equipment, conference rooms, a reception area, a receiving area and other high end amenities, in a brand new and modern working environment.

For more than 20 years, Prince William County has focused on the life sciences as a target industry and reaffirmed its commitment to furthering the industry in its current 2013-2016 Board adopted Strategic Plan. The County completed a Life Sciences Strategy Assessment in 2012 which identified a gap in 'wet lab' space in Northern Virginia. The lack of specialized laboratory space inhibited the location and growth of early stage life science companies in Prince William County. The Prince William Science Accelerator was created as the catalyst for new and faster growth of the County's already robust life sciences business community and to serve as a model to accelerate the rate of private development of this type of commercial space.

Prince William County is home to 8,000 businesses and is a location of choice for many well established life sciences companies and forensic research facilities, such as: American Type Culture Collection (ATCC); Corning (News - Alert) Life Sciences; Virginia Forensics Lab; FBI Northern Virginia Resident Agency; and the GMU/NIH Level-3 Biosafety Research Laboratory, to name a few. For information about locating in the Accelerator, please contact: Martha A. Schoonmaker at: (703) 792-5191 or mschoonmaker@pwcgov.org or visit the website.


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