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A*STAR launches innovation facility for biotech start-ups

22-Sep-2016 (Thu)


Biotech start-ups that are short of space and cash are getting a boost from a new facility providing offices and life science labs. Called A*StartCentral, the space aims to foster innovation while helping scientist-entrepreneurs keep costs down and access mentorship and funding.

 

The 983 sq m facility at one-north was officially opened on 21 Sep 2016 and is the first of its kind here. It will bring scientists, entrepreneurs, investors, mentors, incubators and accelerators together under one roof. A*StartCentral is part of the Agency for Science, Technology and Research's (A*STAR) efforts to develop the nascent medtech and life sciences start-up scene, said the agency's managing director, Dr Raj Thampuran. These companies have to grapple with high costs, lengthy development processes - and the risk of failure.

Information extracted from coverage on The Straits Times, 22 September 2016