A major tech incubator to expand to CORTEX
St. Louis Post-Dispatch
By Tim Bryant
05/16/13
CIC-St. Louis website
Cambridge Innovation Center, one of the nation’s leading business incubators, plans to establish a startup facility at the CORTEX bioscience district in St. Louis.
The center will be CIC’s first expansion from its home in Cambridge, Mass.
At CORTEX, CIC will occupy most of a floor at a former telephone factory undergoing a $73 million conversion into labs and research space by Wexford Science & Technology of Baltimore. Renovation of the building, at 4240 Duncan Avenue, is scheduled for completion this fall.
CIC says it serves more than 500 startups and small- to mid-sized companies in Cambridge, adding that it anticipates the ability to house as many as 100 companies.
CORTEX officials have scheduled for today a ceremony to rename the former phone factory @4240, in reference to its location. The CIC announcement is to be part of the event.
“We were struck by the breadth and energy of the startup community in St. Louis,” Ranch Kimball, CIC Partners’ president and chief executive, said in a statement. “We saw that energy in the dynamic companies we met and the university campuses we visited.
“When we decided to expand, we felt we could play an exciting role in the innovation environment in St. Louis.”
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