Startups located in Forward BIOLABS have collectively received more than $360 million in grants and investment, according to the organization’s first impact report.
More than 40 businesses have resided at the Madison-based coworking space since it launched five years ago, the report shows. Jessica Martin Eckerly, CEO and co-founder of Forward BIOLABS, notes all of the companies that have moved onto their own spaces have stayed in the greater Madison area.
“As we celebrate these accomplishments, there are fantastic new opportunities on the horizon — to impact more entrepreneurs with our offerings and grow the recognition of Wisconsin as a hub for young companies,” she said in the report.
Due to the capital-intensive nature of launching and growing a company in the biotech space, Forward BIOLABS provides fully equipped scientific laboratory spaces to help these companies get off the ground.
Read more here: https://www.wisbusiness.com/2024/report-reveals-impact-of-forward-biolabs-on-madison-startup-landscape/