{"id":392905,"date":"2020-12-03T11:03:31","date_gmt":"2020-12-03T16:03:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392905"},"modified":"2020-12-03T11:03:31","modified_gmt":"2020-12-03T16:03:31","slug":"washington-state-university-health-sciences-launches-life-sciences-incubator-sp3nw-supported-by-250000-grant-from-bank-of-america","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/washington-state-university-health-sciences-launches-life-sciences-incubator-sp3nw-supported-by-250000-grant-from-bank-of-america\/","title":{"rendered":"Washington State University Health Sciences Launches Life Sciences Incubator, sp3nw, Supported by $250,000 Grant From Bank of America"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Washington State University Health Sciences Launches Life Sciences Incubator, sp<sup>3<\/sup>nw, Supported by $250,000 Grant From Bank of America<\/b><\/p>\n<p class=\"bwalignc\"><i>sp<sup>3<\/sup>nw to Accelerate WSU Life Science Innovation and Entrepreneurship Into Biotech, Pharma, Diagnostics, and Medical Device Companies Through Faculty, Affiliate Expertise<\/i><\/p>\n<p>SPOKANE, Wash.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/spokane.wsu.edu\/\">Washington State University (WSU) Health Sciences<\/a> today announced the launch of <b>S<\/b>pinout <b>S<\/b>pace in <b>S<\/b>pokane (<a rel=\"nofollow\" href=\"https:\/\/www.sp3nw.org\/\">sp\u00b3nw<\/a>), a new life sciences incubator that will launch start-up companies. As part of this launch, the <a rel=\"nofollow\" href=\"https:\/\/about.bankofamerica.com\/en-us\/partnering-locally.html\">Bank of America Charitable Foundation<\/a> confirmed its support for sp<sup>3<\/sup>nw with a $250,000 grant, allowing sp<sup>3<\/sup>nw to begin incubating WSU research and innovation into biotech, pharma, diagnostics, and medical device companies, while also connecting regional entrepreneurs with WSU faculty expertise.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20201203005670\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201203005670\/en\/<\/a><\/p>\n<p>\n\u201cThere is a long-unmet need in the state of Washington for an entity like sp<sup>3<\/sup>nw to identify, support, incubate and accelerate early-stage life science and health care companies,\u201d said Glenn Prestwich, WSU President\u2019s Distinguished Professor, and director of sp<sup>3<\/sup>nw. \u201cWith Bank of America\u2019s support and commitment to creating economic advancement across the state, sp<sup>3<\/sup>nw can now begin to spin out companies from WSU technologies, while also connecting emerging life sciences companies to WSU researchers and experts.\u201d\n<\/p>\n<p>\nWith its extensive networks of affiliates and mentors, sp<sup>3<\/sup>nw offers something truly unique to WSU and community bio-entrepreneurs. The collaborative program makes it easier to commercialize discovery and invention. The resulting products will catalyze global health care innovation, while also driving economic opportunity and job growth in the region.\n<\/p>\n<p>\nsp<sup>3<\/sup>nw, its partners and supporters join a growing movement to apply life sciences beyond the laboratory. Organizations are coming together to bring life-saving and life-enhancing products to market faster and at a reduced cost. The resulting products will catalyze global health care innovation, drive economic growth, and create high-value jobs.\n<\/p>\n<p>\nThe grant provided by Bank of America is intended to advance economic mobility by supporting nonprofit organizations serving education and workforce, community development and basic needs. In addition to funding from Bank of America\u2019s <a rel=\"nofollow\" href=\"https:\/\/newsroom.bankofamerica.com\/press-releases\/bank-america-announces-four-year-1-billion-commitment-supporting-economic\">$1 billion, four-year initiative<\/a>, year to date, the bank has deployed more than $830,000 to 32 local organizations across Eastern Washington and Northern Idaho to address basic community and health needs.\n<\/p>\n<p>\n\u201cThe health and humanitarian crisis brought on by the coronavirus illustrates the importance of health care innovation. This grant represents our confidence in sp<sup>3<\/sup>nw\u2019s mission to provide vital support for local entrepreneurs and researchers bringing life-changing technologies to market,\u201d said Kurt Walsdorf, Bank of America Spokane and Idaho market president. \u201cAt Bank of America, we believe this innovative incubator model will help foster economic growth that further anchors Eastern Washington\u2019s prominence in our state\u2019s fast-growing health care industry while creating sustainable, local, high-wage jobs in the Inland Northwest.\u201d\n<\/p>\n<p>\nThis project ties to the foundational land-grant mission of WSU and its health sciences campus, where service to the community is bolstered by students\u2019 access to life-changing education and research. These future physicians, nurses, pharmacists, and researchers then bring the benefits of innovation to the health care needs of the citizens of Washington.\n<\/p>\n<p>\n\u201cBank of America\u2019s generosity and support are enhancing quality of life and economic vitality, while also aligning with our efforts to foster learning, inquiry, and public service,\u201d said Daryll DeWald, WSU Health Sciences vice president and chancellor. \u201cWe\u2019re excited about others following in Bank of America\u2019s footsteps and coming forward in our shared pursuit to support education and research that results in broad societal impact.\u201d\n<\/p>\n<p>\nAdditional sp<sup>3<\/sup>nw funding will allow the incubator to address critical entrepreneurial gaps throughout the state of Washington and in the sector. The incubator affords opportunity for innovators to engage with nearly three dozen affiliated consultants, investor groups and service providers, as well as a mentor network comprised of nearly two dozen experienced entrepreneurs. Assistance offered to entrepreneurs includes grant preparation and submission, operational and intellectual property support, and legal and marketing services.\n<\/p>\n<p>\nAlso, through sp<sup>3<\/sup>nw, entrepreneurs have access to office and lab space adjacent to the WSU Health Sciences Spokane campus. The building currently known as Ignite NW will soon transform to sp<sup>3<\/sup>nw in brand and purpose. Satellite sp<sup>3<\/sup>nw sites are also forthcoming on WSU\u2019s other campuses in Washington (Pullman, Vancouver, Tri-Cities, and Everett). sp<sup>3<\/sup>nw also boasts cooperative MOUs with Boise State University, University of Montana, University of Idaho, and North Idaho College to broaden the outreach and impact of WSU technology in the region.\n<\/p>\n<p>\nConcluded Prestwich, &#8220;Together with the university and partners such as Bank of America, we can help reduce the complexities that arise when going from the bench to business to product. It&#8217;s a paradigm that we see transforming the industry in the greater Spokane region, the Inland Northwest and beyond.&#8221;\n<\/p>\n<p>\nFor those interested in being an sp<sup>3<\/sup>nw affiliate or mentor, entrepreneur, or investor, visit <a rel=\"nofollow\" href=\"https:\/\/www.sp3nw.org\/\">sp3nw.org<\/a>.\n<\/p>\n<p><b>About sp<sup>3<\/sup>nw<br \/>\n<br \/><\/b>sp\u00b3nw is a life sciences incubator located in the University District of Spokane, Washington. In alignment with the land-grant mission of Washington State University, sp\u00b3nw supports the bench to business, and business to consumer paradigm. Experts help to grow companies with innovative new products in Spokane and the Inland Northwest.\n<\/p>\n<p>\nsp\u00b3nw brings together academia, life science companies, entrepreneurs, innovators, funding sources, and industry mentors to help identify, grow, and deploy emerging life science solutions to the region.\n<\/p>\n<p><b>Bank of America\u2019s Environmental, Social and Governance Approach<br \/>\n<br \/><\/b>At Bank of America, we\u2019re guided by a common purpose to help make financial lives better, through the power of every connection. We\u2019re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It\u2019s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at <a rel=\"nofollow\" href=\"https:\/\/about.bankofamerica.com\/en-us\/index.html\">about.bankofamerica.com<\/a>, and connect with us on Twitter (<a rel=\"nofollow\" href=\"https:\/\/www.twitter.com\/BofA_News\">@BofA_News<\/a>).\n<\/p>\n<p>\nFor more Bank of America news, including dividend announcements and other important information, visit the <a rel=\"nofollow\" href=\"https:\/\/newsroom.bankofamerica.com\">Bank of America newsroom<\/a> and <a rel=\"nofollow\" href=\"https:\/\/newsroom.bankofamerica.com\/content\/newsroom\/email-subscription-form.html\">register for news email alerts<\/a>.\n<\/p>\n<p><b>About WSU Health Sciences<br \/>\n<br \/><\/b><a rel=\"nofollow\" href=\"https:\/\/spokane.wsu.edu\/\">WSU Health Sciences<\/a> is an entrepreneurial health sciences campus and includes the WSU colleges of Medicine, Nursing and Pharmacy and Pharmaceutical Sciences. The campus brings together world-class scholars, health care practitioners, students and community partners to collaborate in teams to make discoveries that lead to measurably healthier people and communities.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201203005670r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201203005670\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201203005670\/en\/<\/a><\/span><\/p>\n<p>\nWSU Health Sciences, Kim Papich<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:kim.papich@wsu.edu\">kim.papich@wsu.edu<br \/>\n<\/a><br \/>Phone: 509.202.3955<\/p>\n<p>Bank of America, Britney Sheehan<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:britney.w.sheehan@bofa.com\">britney.w.sheehan@bofa.com<br \/>\n<\/a><br \/>Phone: 425.466.0378\n<\/p>\n<p><b>KEYWORDS:<\/b> North Carolina Washington United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> University Banking Education Professional Services Other Health Health Philanthropy Other Science Foundation Science Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201203005670\/en\/691133\/3\/BAC_logo_%28standard%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201203005670\/en\/843489\/3\/SP3NW.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201203005670\/en\/843490\/3\/WSUHS.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Washington State University Health Sciences Launches Life Sciences Incubator, sp3nw, Supported by $250,000 Grant From Bank of America sp3nw to Accelerate WSU Life Science Innovation and Entrepreneurship Into Biotech, Pharma, Diagnostics, and Medical Device Companies Through Faculty, Affiliate Expertise SPOKANE, Wash.&#8211;(BUSINESS WIRE)&#8211;Washington State University (WSU) Health Sciences today announced the launch of Spinout Space in Spokane (sp\u00b3nw), a new life sciences incubator that will launch start-up companies. As part of this launch, the Bank of America Charitable Foundation confirmed its support for sp3nw with a $250,000 grant, allowing sp3nw to begin incubating WSU research and innovation into biotech, pharma, diagnostics, and medical device companies, while also connecting regional entrepreneurs with WSU faculty expertise. This press release features multimedia. View the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/washington-state-university-health-sciences-launches-life-sciences-incubator-sp3nw-supported-by-250000-grant-from-bank-of-america\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Washington State University Health Sciences Launches Life Sciences Incubator, sp3nw, Supported by $250,000 Grant From Bank of America&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392905","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Washington State University Health Sciences Launches Life Sciences Incubator, sp3nw, Supported by $250,000 Grant From Bank of America - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/washington-state-university-health-sciences-launches-life-sciences-incubator-sp3nw-supported-by-250000-grant-from-bank-of-america\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Washington State University Health Sciences Launches Life Sciences Incubator, sp3nw, Supported by $250,000 Grant From Bank of America - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Washington State University Health Sciences Launches Life Sciences Incubator, sp3nw, Supported by $250,000 Grant From Bank of America sp3nw to Accelerate WSU Life Science Innovation and Entrepreneurship Into Biotech, Pharma, Diagnostics, and Medical Device Companies Through Faculty, Affiliate Expertise SPOKANE, Wash.&#8211;(BUSINESS WIRE)&#8211;Washington State University (WSU) Health Sciences today announced the launch of Spinout Space in Spokane (sp\u00b3nw), a new life sciences incubator that will launch start-up companies. As part of this launch, the Bank of America Charitable Foundation confirmed its support for sp3nw with a $250,000 grant, allowing sp3nw to begin incubating WSU research and innovation into biotech, pharma, diagnostics, and medical device companies, while also connecting regional entrepreneurs with WSU faculty expertise. This press release features multimedia. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/washington-state-university-health-sciences-launches-life-sciences-incubator-sp3nw-supported-by-250000-grant-from-bank-of-america\/","og_locale":"en_US","og_type":"article","og_title":"Washington State University Health Sciences Launches Life Sciences Incubator, sp3nw, Supported by $250,000 Grant From Bank of America - Market Newsdesk","og_description":"Washington State University Health Sciences Launches Life Sciences Incubator, sp3nw, Supported by $250,000 Grant From Bank of America sp3nw to Accelerate WSU Life Science Innovation and Entrepreneurship Into Biotech, Pharma, Diagnostics, and Medical Device Companies Through Faculty, Affiliate Expertise SPOKANE, Wash.&#8211;(BUSINESS WIRE)&#8211;Washington State University (WSU) Health Sciences today announced the launch of Spinout Space in Spokane (sp\u00b3nw), a new life sciences incubator that will launch start-up companies. As part of this launch, the Bank of America Charitable Foundation confirmed its support for sp3nw with a $250,000 grant, allowing sp3nw to begin incubating WSU research and innovation into biotech, pharma, diagnostics, and medical device companies, while also connecting regional entrepreneurs with WSU faculty expertise. This press release features multimedia. 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