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Article: Incubator Firm Accelerator Gets $15 Million To Seed Start-Ups.
- Article from:
- BIOWORLD Today
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 A Thomson Healthcare Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Staff Writer
Late last week, the biotech community took its first look at Accelerator Corp., a new entry in the industry created to foster biotech start-ups.
Funded with $15 million in commitments provided by three venture capitalist firms, a research institute and a real estate company, Seattle-based Accelerator is setting its wheels into motion.
"We already have a consortium involved in this project that is unique and pretty highpowered," Accelerator President and CEO Carl Weissman told BioWorld Today, making note of the biotech-based pedigree of all players in the enterprise. "Bringing all of these different assets together, I think you have ...