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News & Press: Life Science Washington News

Life Science Washington launches new nonprofit institute

Thursday, October 19, 2017  
Posted by: Colleen Toomey
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 For Immediate Release

www.lifesciencewa.org

 

 

Contact: Amber Benson, for Life Science Washington

(206) 343-1543, abenson@feareygroup.com

 

 

Life Science Washington launches new nonprofit institute 

 

The Life Science Washington Institute aims to fuel commercialization and startup growth for biomedical and biotechnology industries within Washington state. 

 

 

SEATTLE – Oct. 20, 2017 Life Science Washington, the state’s life science trade association, announced it is launching a new nonprofit organization, the Life Science Washington Institute.

 

The Institute aims to fuel commercialization and startup growth for life science companies within Washington state, encompassing biopharmaceutical, medical device, digital health and health IT, global health and more.

 

Building upon Life Science Washington’s existing commercialization services, the Institute will offer business mentoring, SBIR/STTR grant assistance, health economics workshops and entrepreneurship education. Institute staff are also developing an expansive online marketplace that will provide startups with a single access point for resources within Washington state to help grow their business, including listings for law firms, laboratory space, and other service providers.

 

The development of many of these programs was originally made possible through a two-year $1.8 million grant to Life Science Washington from the Life Sciences Discovery Fund in April 2016. The grant supports the development of programs to help entrepreneurs and support the long-term, sustainable growth of the life sciences ecosystem in Washington state through successful company creation.

 

“The Institute is a critical part of Life Science Washington’s larger strategic plan,” said Dr. Leslie Alexandre, Life Science Washington President and CEO. “Together we are building on our great legacy of commercialization mentorship and entrepreneurial investment, and ultimately ensuring greater ecosystem vibrancy statewide.”

 

Dr. Patricia Beckmann, currently Vice President for Commercialization at Life Science Washington, will serve as executive director for the Institute. Dr. Beckmann, a life science industry veteran, joined Life Science Washington in 2016.

 

“I’m incredibly excited to lead this new non-profit focused on growing life science companies in Washington,” said Beckmann. “Creating the Life Science Washington Institute will allow us to access the long-term funding necessary for successful entrepreneurial and mentorship programs.”

 

As a 501(c)3 non-profit organization, the Life Science Washington Institute will be eligible to compete for diverse public and private funding to support its educational programming, including funding not traditionally available to non-profit trade associations. Life Science Washington, as a non-profit trade association, will continue to support legislative advocacy and public policy work around industry issues.

Drs. Alexandre and Beckmann unveiled the Institute to more than 400 members and industry executives Friday morning at the association’s annual summit in Bellevue. While closely affiliated with Life Science Washington, the Institute will operate independently with its own board of directors and is slated to open in early 2018. To learn more, visit www.lswinstitute.org.

 

 

About Life Science Washington

Life Science Washington is an independent, non-profit 501(c)(6) trade association whose mission is to stimulate life science innovation, job creation and ecosystem vibrancy across Washington state through engagement, collaboration, promotion, and advocacy. Serving more than 500 members, Life Science Washington brings together research institutions, investors and innovators to grow the state’s life science economy. More information can be found at www.lifesciencewa.org. 


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