Owned by MU and operated by the Missouri Innovation Center, the MU Life Science Business Incubator at Monsanto Place opened in January 2009.
So far, 22 tenants of the incubator have raised $20 million from federal grants, state programs and private investors, and they have created 50 local jobs, incubator CEO Jake Halliday said.
“We made an active decision as part of our strategy to increase high-quality, high-paying jobs by attracting young companies and creating a high-tech company cluster,” he said.
The biggest selling point for the incubator is its collaboration with MU. There’s an abundance of scientific discoveries, but not all of them grow into commercial products that benefit people — partly because of a lack of necessary help.