Innovalyst is excited to announce this strategic partnership with First Flight Venture Center
Research Triangle Park, NC (PRWEB) April 5, 2011
First Flight Venture Center (FFVC), a technology incubator and Innovalyst, a life sciences consulting firm committed to catalyzing innovation, today announced an innovative partnership to provide strategic and technical support to life science entrepreneurs in Research Triangle Park. Innovalyst’s ICaN (Intellectual Capital Network) will provide fit for purpose teams of industrial experts to FFVC’s life science and medical device companies.
“This foundational partnership between FFVC and Innovalyst represents a powerful pledge on behalf of FFVC to the life science community in Research Triangle Park. We are committed to expand our life science focus and have augmented our wet labs by more than 50 percent in the last 18 months.” Explained Dr. Andrew Schwab, President, First Flight Venture Center.
FFVC continues to implement a more structured methodology for incubation and acceleration in the start-up arena. The incubator’s improved selection process and graduation criteria position FFVC to better enable early stage companies to achieve commercial viability. Working together, Innovalyst and FFVC are committed to bolstering the creation of a more dynamic life science environment within Research Triangle Park.
“Innovalyst is excited to announce this strategic partnership with First Flight Venture Center” asserted Drake Eggleston, Managing Partner, Innovalyst. “In taking this step, Innovalyst aims to build a close working relationship with both the new FFVC management and with the current and future residents at FFVC to enable each organization to achieve its business goals through a pairing of talents. We are convinced that such relationships will further underpin and enhance the reputation of the RTP community as a hotbed for start-up incubation.”
About First Flight Venture Center
First Flight Venture Center (FFVC) provides incubation and acceleration of new technologies in the Research Triangle Park (RTP) area. FFVC has hosted over 200 companies with a cumulative economic impact of over $800M. Tenants are provided business formation, product development and market commercialization programs to help them grow and expand their businesses. At present, FFVC hosts 39 tenants involved with mobile, hardware, software, medical device and life science technologies. FFVC is also home to a wide variety of community programs including CED FastTrac, Meet-Up-Groups, gaming and software groups, the Innovalyst Innovation Forum plus several other life science gatherings. For more information please see http://www.ffvcnc.org.
Innovalyst was founded in 2006 in the heart of Research Triangle Park, NC. Innovalyst is a life science consulting company focused on catalyzing innovation in product research, development and commercialization. Acting as a virtual accelerator, Innovalyst provides an extensive suite of capabilities that support our client’s asset commercialization goals. Innovalyst’s agile workforce includes four Managing Partners, eight Principals, and over a hundred Affiliates. Through its Intellectual Capital Network (ICaN), Innovalyst creates fit-for-purpose teams of industrial experts committed to aiding organizations develop competitive products, attract strategic partners, and overcome commercial barriers. Innovalyst’s pioneering business model, ICAN and proven methodologies distinguish it from other consulting companies. Innovalyst’s clients range from the world's Fortune 50 companies to those that are new to the business of health care, pharmaceuticals, or biotechnology. For more information please see http://www.innovalyst.com.