The Pennsylvania Biotechnology Center, a life science incubator, launched its Hatch BioFund Management LLC, a $50 million internal investment arm meant to support its early-stage companies.
A key part of Hatch Management, is the creation of the Hatch BioAccelerator Program. The BioAccelerator will reside on the PABC campus and is scheduled for completion in 2020. The Hatch BioAccelerator Program will provide concept-stage entrepreneurs with seed capital, lab space, business creation services and guidance, and numerous other resources to support new areas of innovation. Hatch Management will work to identify companies within the PABC Incubator in Doylestown and "graduates" from the Hatch BioAccelerator for additional funding.
PABC has appointed Vladimir Walko as CEO Hatch Management to lead the investment program, which will be located in the PABC headquarters in Bucks County.