Score another one for the so-called “Route 202” corridor in Chester County.
Just last month, Chester County got a life sciences business incubator and now it’s got another option for early-state tech companies: Evolve IP‘s Innovation Center. (Broadening the incubation conversation.)
In a partnership with the Chester County Economic Development Council, who was also behind the life sciences incubator, and the realty company that owns Evolve IP’s office space, tech provider to businesses Evolve IP recently launched a 10,000 sq.ft. incubator in its Wayne, Pa. facility with more office space to come, said Evolve IP’s COO Gary Fardone through a spokeswoman.
The incubator, located in a Keystone Innovation Zone (KIZ), is housing about six startups right now, Fardone said, including tech service provider SparkNet Technologies and court reporting provider NextGen Reporting. The KIZ status allows businesses in the incubator to get up to $100,000 tax credits per year, according to the Evolve IP release.
The space opened up when companies that previously resided in Evolve IP’s building expanded and left, Fardone said.
Check out more coverage on Chester County’s growing incubator scene from the Philadelphia Inquirer.-30-