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May 20, 2004
Purdue Research Foundation breaks ground for expanded incubator
From left, Joseph Hornett, senior vice president and treasurer of the Purdue Research Foundation; Ron Ellis, president and CEO of Endocyte Inc; Martin C. Jischke, president of Purdue University; and Jan Mills, mayor of West Lafayette take part in a ceremonial groundbreaking Thursday (May 20) at the Purdue Research Park to mark the beginning of construction to double the size of the park's flagship business incubator facility.
The Purdue Research Foundation has selected the Indianapolis firm of Shiel Sexton to manage construction of the new 60,000-square-foot wing on the north end of the Purdue Technology Center. The new wing's anchor tenant will be Endocyte Inc., a life sciences venture developing Purdue University-licensed cancer detection and treatment technologies. Endocyte attracted $15 million in investment last year, by far the largest of all Indiana-based venture capital deals. The company is expected to occupy approximately 15,000 square feet of space that will be equipped with state-of-the-art wet labs and offices. In addition, the company will have access to all of the park's incubator amenities, including business consulting, human resources, marketing and public relations.
(Purdue News Service photo/David Umberger)
A publication-quality photo is available at http://news.uns.purdue.edu/images/+2004/ptc-groundbreak.jpg
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