bioLOGIC, a Covington based life science accelerator, in partnership with the City of Covington has been awarded a $50,000 grant by The Carol Ann and Ralph V. Haile, Jr/U.S. Bank Foundation to support the continued development of Covington's Life Science corridor.
The City of Covington will apply the award to assist bioLOGIC with the implementation of the Life Science Accelerator program which includes the expansion of 7,500 sq ft of lab and office space at bioLOGIC's current location at 632 Russell Street. The space will provide wet labs to support life science start-ups as well as an open office atmosphere for a variety of creative technologists to work and collaborate with other innovators.
Additionally, conference and training space will be available to companies in the new facilities. bioLOGIC will also begin coordinating a series of workshops and speakers to educate and mentor these start-ups toward a successful business launch.
"We are excited to have The Haile/U.S. Bank Foundation as a partner," stated Keith Schneider, Managing Director of bioLOGIC. "Our partnership with the City of Covington continues to grow as we leverage private and public resources together to make faster progress. We know that bringing more life science companies to the urban core will also draw more innovative companies and people to the City, letting Covington thrive as an innovation and entrepreneurship hub."
"The Haile/U.S. Bank Foundation has been a long-time friend of Covington. It is no surprise to see them supporting and believing in the future of our city," says Covington Mayor Chuck Scheper. "These funds will support the growth of many quality jobs and innovative companies, as well as assist us in conveying that Covington understands the entrepreneurial ecosystem and can offer what is needed to sustain it."
Learn more about bioLOGIC
here.
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