“Rhode Island’s first, dedicated incubator for start-up life science companies now has a home, and a developer under a $10 million, non-binding contract approved by the Rhode Island Life Science Hub board Thursday.
The quasi-public state agency’s unanimous vote came minutes after a closed-door, virtual discussion on the terms of state funding for the wet lab reserved for testing drugs, chemicals and other biological material. A term sheet outlining details of the partnership and public financing is not being made public until finalized, according to Jillian Scott, a spokesperson for the agency.”
Read more via The Rhode Island Current.