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has received a $50,000o planning grant from the . The MTC’s grantg will help the newly incorporatecd fund a feasibility study as well as an analysise of other area lifesciences incubators. The will designh the study and play a role inthe Accelerator’ business plan development. Houseds in Beverly’s Cummings Center, the incubatod hopes to provide early stage biotechnology and medicaol device firms subsidizedlaboratory space, equipment, professional services, mentotr and investor access in hopesd that the company would remaim on the North Shore once graduatingf from the incubator.
“Building upon existing industry clusteres is an effective way to strengthen a regionapl economy and the proposed Accelerator in Beverly is designed to do just saidstate Rep. Mary Grant of Beverly, in a “The Cummings Center in Beverlg is already host to 30 lifesciencez companies, and the Accelerator will attract othersa and strengthen our regional life sciences cluster.” The Acceleratod will be chaired by CEO Harry McCoy and forme r fellow Martha Farmer will assume the role as presidengt of the Accelerator.
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