|[April 08, 2014]
Prince William County welcomes ISOThrive as the first tenant of the Prince William Science Accelerator
PRINCE WILLIAM COUNTY, Va. --(Business Wire)--
The Prince William Board of County Supervisors today announced that
ISOThrive LLC (ISOThrive) a start-up life sciences company, will occupy
603 s.f. of space in the Prince William Science Accelerator commencing
May 15, 2014.
As a targeted industry, and the first tenant of the Prince William
Science Accelerator, the Board of County Supervisors committed $9,200
from the Prince William County Economic Development Opportunity Fund to
offset a portion of the costs of equipment purchases by ISOThrive and to
assist the company in the location of its life science research facility
in Prince William County. ISOThrive announced its intent to invest
$143,000 in this project.
ISOThrive recognizes the benefits of locating in the Prince William
Science Accelerator, the only public-private commercially available
property featuring wet laboratory spaces in Northern Virginia. The
facility provides close proximity to key federal institutions and is
ideally situated in the heart of a well-established life sciences
ecosystem, adjacent to George Mason University's Prince William Campus.
The company is dedicated to bringing to market dietary supplements
through a new patented process in the growing field of microbiome health.
"The Board has a long-standing commitment to the life sciences industry,
which dates back to 1992," said Corey Stewart, Chairman of the Prince
William Board of County Supervisors. "This Board made a firm commitment
to the growth of start-up life sciences companies when we supported the
Prince William Science Accelerator in 2013, and we welcome ISOThrive as
the Science Accelerator's first teant. We look forward to the continued
growth of the life science industry right here in Prince William County,
"Establishing our business in Prince William County, Virginia will
significantly aid in our scientific research and bringing our products
to market," said Jack Oswald, Chief Executive Officer, ISOThrive. "We're
delighted to become the first tenant in the Prince William Science
Accelerator and excited about our future business opportunities, which
has been made possible by this unique public-private partnership
established by Prince William County."
"Prince William County and George Mason University have a long and
successful history in attracting and developing life sciences here in
Innovation Park, and the Science Accelerator enhances our ability to
establish and grow new companies here in Prince William County," said W.
S. Wally Covington, III, Brentsville District Supervisor, Prince William
Board of County Supervisors.
Scheduled to open in spring 2014, the Prince William Science Accelerator
will accommodate and support start-up and fast-growing life sciences and
biotechnology companies, to help propel the industry forward. The Prince
William Science Accelerator contains approximately 9,000 s.f. of modern
wet laboratory space which can be flexibly subdivided into nine
laboratories for individual companies. In addition to the web laboratory
areas, theses spaces also contain fume hoods, various laboratory
equipment, conference rooms, a reception area, a receiving area and
other high end amenities, in a brand new and modern working environment.
For more than 20 years, Prince William County has focused on the life
sciences as a target industry and reaffirmed its commitment to
furthering the industry in its current 2013-2016 Board adopted Strategic
Plan. The County completed a Life Sciences Strategy Assessment in 2012
which identified a gap in 'wet lab' space in Northern Virginia. The lack
of specialized laboratory space inhibited the location and growth of
early stage life science companies in Prince William County. The Prince
William Science Accelerator was created as the catalyst for new and
faster growth of the County's already robust life sciences business
community and to serve as a model to accelerate the rate of private
development of this type of commercial space.
Prince William County is home to 8,000 businesses and is a location of
choice for many well established life sciences companies and forensic
research facilities, such as: American Type Culture Collection (ATCC);
Corning (News - Alert) Life Sciences; Virginia Forensics Lab; FBI Northern Virginia
Resident Agency; and the GMU/NIH Level-3 Biosafety Research Laboratory,
to name a few. For information about locating in the Accelerator, please
contact: Martha A. Schoonmaker at: (703) 792-5191 or firstname.lastname@example.org
or visit the website.
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