BioLabs and UVM to Open New R&D Incubator
The University of Vermont (UVM) and Cambridge-based BioInnovation Labs (BioLabs) have announced plans to launch a dedicated incubator at UVM’s Colchester facility.
The partnership will provide a space to support entrepreneurs and start-up companies specializing in all areas of life sciences R&D with fully equipped combination office and laboratory space.
Through this strategic partnership, UVM will oversee the new facility and provide technology, equipment, and direct collaboration with faculty at The Robert Larner, M.D. College of Medicine at the University of Vermont. The college includes nearly 200 research faculty and over 700 clinical faculty who practice in the UVM Health Network. BioLabs will support UVM with facility operations, access to industry partners, and networking and programming events.
Currently, BioLabs partners with an elite group of universities, pharma companies, and other engaged stakeholders worldwide. The UVM-BioLabs partnership reinforces the university’s steadfast commitment to research, education, and innovation. Additionally, UVM is the first rural university to join the BioLabs ecosystem.
Although the Center is expected to open in late 2025, the BioLabs Innovation Center at UVM will begin accepting applications and hosting tours in the coming months.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.
