Description
The Innovation Space is an innovation ecosystem and science-startup accelerator based in Wilmington, Delaware that supports early-stage companies in life sciences, clean tech, and advanced materials. Through programs including Science Inc.™ Accelerator, The First Fund™ investment program, and community resources such as lab and office space, expert mentorship, and investor introductions, it helps technology-driven startups accelerate commercialization, build traction, and position for future investment.
Eligibility
Startups developing science-driven innovations, particularly in life sciences, clean tech, and advanced materials.
• Companies should demonstrate a defined technology or scientific innovation, some early validation, and a business model, often with a baseline of early funding (~$50k raised) for the accelerator track.
• Founders should be willing to locate at The Innovation Space to access The First Fund™ investment and lab resources.
Process
Application Submission: Startups apply to the Science Inc.™ Accelerator cohort.
Selection for Accelerator: Accepted founders enter a 14-week hybrid accelerator with sector-focused content and mentoring.
Participation in Programming: Founders receive coaching, milestone planning, and exposure to investors and partners.
Investor Demo Day / Networking: The program culminates in pitch opportunities and ecosystem exposure.
Optional Investment via The First Fund™: Startups may apply for up to $240,000 in support through a convertible note, subject to residency requirements at The Innovation Space.
What an Applicant can Obtain
✔ Up to $240,000 in capital support through The First Fund™ (convertible note with typical investment terms including discount, valuation cap, interest, etc.).
✔ Access to lab space, equipment, office space, and support services as part of the funding and residency package.
✔ 14-week accelerator program participation via Science Inc.™ with mentorship and sector-focused guidance.
✔ Networking and investor exposure through curated events and Demo Days.
✔ Community of scientific founders, coaches, and expert advisors to help validate technology and advance milestones.
