Delaware Technology Park: Building a Nexus of Innovation in Fintech, Life Sciences
As is so often the case in Delaware, the inception of the Delaware Technology Park (DTP) came down to collaboration. “DTP was a trifecta between the university, the state and the private sector, created 25-plus years ago,” says Mike Bowman, DTP’s president and CEO.
In 2016, DTP’s footprint expanded with DTP@STAR, an incubator on the University of Delaware’s (UD) 272-acre Science, Technology and Advanced Research (STAR) Campus. DTP is widely renowned as one of the leading nonprofit research parks on the East Coast and its footprint is soon set to expand again with a new building that will be known as 6 Innovation Way.
That building — DTP’s sixth — on the eastern edge of the UD campus will comprise three stories and 90,000 square feet. It aims to become a hub for life science and research companies, as well as potentially providing wet-lab space for commercial spinouts from the university.
DTP serves development-stage life science, information technology, advanced materials, financial technology (fintech) and renewable energy companies, providing them with access to the resources and connections needed to drive and accelerate their economic success.
“Since 2016, the DTP@STAR Incubator has seen 25 companies start there and then grow back out larger to the community,” Bowman says.
