The story of QPS‘s origin was recently included in the 2019/2020 issue of Innovation Delaware: Showcasing Delaware’s Innovators, which is a supplement to Delaware Business Times. In the article, entitled “Supporting Innovation,” journalist Pam George explores why so many businesses choose to incorporate in Delaware and how the community fosters connections between innovators. QPS as we know it wouldn’t have been possible without the support of the people of Delaware, making it a natural fit for the article.
Why Innovators Prosper in Delaware
In a variety of ways, Delaware seeks to help innovators launch, grow, and sustain their businesses. George mentions the following advantages, amongst others, in the article in Innovation Delaware:
- The General Corporation Law: The General Corporation Law, enacted in Delaware in 1899, simplifies the incorporation process and provides some tax advantages to legal entities. Due to this law, many entrepreneurs choose to incorporate in Delaware. In fact, according to LegalNature.com, almost half of Fortune 500 and publicly traded companies in the United States are developed in Delaware.
- The Delaware Prosperity Partnership: Created in 2017, the Delaware Prosperity Partnership (DPP) is an economic development agency that seeks to recruit and retain businesses in Delaware. The DPP acts as a resource for business owners and works with employers to help their businesses thrive.
- A Business-Centric Legal Community: There is a thriving legal community in Delaware that focuses on business law. For example, the Delaware Judiciary is known internationally for its legal analysis. Additionally, because Delaware has the most patents per capita in the United States and is a major epicenter for patent litigation, many experts in intellectual property (IP) and patent law work in Delaware.
- A Supportive Community of Innovators: When innovators connect with industry leaders, policymakers, researchers, and peers, they broaden their horizons. Delawareans are often willing to connect with other leaders in their communities, which can lead to game-changing collaborations.
The Connection That Strengthened QPS
Delaware Technology Park fostered the growth of QPS through financial flexibility, excellent facility management, and other support. As Dr. Benjamin Chien, CEO of QPS Holdings LLC, describes in the article, “Mike always tried to find space for us to accommodate our growth needs. He also sometimes coordinated and moved people around to help us.”
QPS is proud to be a part of Delaware’s community of innovators.
Since 1995, QPS has provided discovery, preclinical, and clinical drug development services. An award-winning leader focused on bioanalytics and clinical trials, QPS is known for proven quality standards, technical expertise, a flexible approach to research, client satisfaction and turnkey laboratories and facilities. For more information, visit www.qps.com or email [email protected].