BioCT Innovation Commons is Southeast Connecticut's newest incubator dedicated to talent retention, job creation and the build of high value sustainable businesses. The Commons provides commercial-grade laboratories, offices, co-working and meeting spaces for proof of concept experiments, start-ups and growing companies. Our infrastructure and amenities are designed to help new and growing companies succeed. The Commons is a catalyst for innovation and entrepreneurship to build out a diverse understory of new companies critical to Connecticut's future.
The Department of Economic and Community Development (DECD) develops and implements strategies to attract and retain businesses and jobs, revitalize neighborhoods and communities, ensure quality housing and foster appropriate development in Connecticut's towns and cities. Understanding the importance of providing a community science incubator to convene expertise and entrepreneurs in Southeastern CT, the state and DECD funded a $4.2 M grant to the BioCT Innovations, LLC to renovate a building donated by Pfizer to create The Commons.
The Commons and BioCT will help its network connect with the DECD Office of Science which is devoted exclusively to providing business development assistance to science firms. The office supports and strengthens Connecticut's science industry by: Facilitating the growth of existing companies; Providing science companies with a single source they can turn to for financial and technical assistance; Working to make the state's policies and programs, as well as its permitting and regulatory practices, conducive to science growth; and Spotlighting Connecticut as a global center of science.
Pfizer applies science and our global resources to bring therapies to people that extend and significantly improve their lives. They strive to set the standard for quality, safety and value in the discovery, development and manufacture of health care products. Their global portfolio includes medicines and vaccines as well as many of the world's best-known consumer health care products. Every day, Pfizer colleagues work across developed and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared diseases of our time. Consistent with their responsibility as one of the world's premier innovative biopharmaceutical companies, they collaborate with health care providers, governments and local communities to support and expand access to reliable, affordable health care around the world. For more than 150 years, Pfizer has worked to make a difference for all who rely on us. Working together for a healthier world®.
The Commons will offer BioCT a convening space, enabling another mechanism for building a connected, diverse and robust science community.