Building a successful company from scratch will always be difficult, but it helps to begin the journey in an affordable, welcoming space that provides valuable resources and connections. In their article “Accelerators, Incubators, Co-Working Spaces,” found in the 2019/2020 issue of Innovation Delaware: Showcasing Delaware’s Innovators, which is a supplement to Delaware Business Times, journalists Roger Morris and Matt Ward explore the value of these spaces to Delaware businesses and innovators. As they write, “Across the First State’s tech scene, incubators, accelerators, and co-working spaces are opening doors for entrepreneurs, providing access to lab equipment, making connections between startups and investors, and helping young companies hone their business plans.” As the article explains, QPS began in a valued startup incubator: Delaware Technology Park.
Since Delaware Technology Park (DTP) launched in 1992, it has housed and supported about 150 companies. It is located in the southeast corner of Newark and expanded to the University of Delaware’s STAR campus in 2016 to provide incubation facilities.
This startup incubator offers a number of advantages to emerging businesses:
- Inexpensive office and lab space
- Lower overhead than most office and lab spaces
- Space designed for efficiency
- Facilitated connections with other innovators and entrepreneurs
- Resources to support business growth
- Culture of innovation and progress
Led by President and CEO Mike Bowman, Delaware Technology Park plays an important role in Delaware’s tight-knit innovation community. In addition, Bowman is stated in the article as saying, DTP “helps successful companies stay in Delaware once they’ve outgrown their quarters at DTP.”
QPS, which is celebrating its 25th anniversary this year, is proud to be one of those companies. Since its start at Delaware Technology Park in 1995, QPS has grown from a startup with a handful of employees to a global contract research organization headquartered in Delaware with subsidiaries in the Netherlands, Austria, Taiwan, China, and India that employs approximately 1,200 employees. Mike Bowman and the Delaware Technology Park were integral to this evolution, providing space and resources to accommodate the growth of QPS and assisting with business connections that helped QPS flourish.
Sometimes the right workspace and connections are vital to a business’s success.
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].