Industry-Sponsored Research Week

Incubator at Rosalind Franklin U gets support from AbbVie


By David Schwartz
Published: July 28th, 2020

Rosalind Franklin University of Medicine and Science announced that its Helix 51 incubator, located in the school’s new Innovation and Research Park, has snagged corporate support from global biopharma company AbbVie.

“We are pleased that AbbVie, one of Chicagoland’s life science leaders and also one of its largest global companies, is stepping up to support the regional entrepreneurial activities energized by our new Helix 51 incubator,” said Dr. Ronald Kaplan, RFU’s executive vice president for research. “AbbVie’s support in the regional bio ecosystem is pivotal given its global role and impact on this industry and local community.”

The Helix 51 incubator — named in recognition of the iconic Photo 51 captured by the university’s namesake, which led to the discovery and description of the structure of DNA — provides meeting, office, and wet lab space for companies working to develop diagnostics and treatments for disease and other healthcare innovations. Expansion plans call for the park to eventually house 15 or more early-stage, lab-based bioscience companies. 

“AbbVie is committed to growing the life science ecosystem both globally and in the greater Chicago area,” said Henry Gosebruch, the company’s executive vice president and chief strategy officer. “Supporting regional entrepreneurship through the Helix 51 incubator and Innovation and Research Park is one of the many ways that AbbVie fosters next-generation innovative science that can have a global impact.” 

Helix 51 provides a soft landing zone for international bioscience companies looking to establish a presence in the U.S. The incubator is supported in part by $2.5 million in funding under the federal New Market Tax Credit program aimed at fueling job creation and training opportunities in low-income communities.

Source: Cision

Posted under: University-Industry Engagement Week

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