City of Peoria Economic Development Services Department to Host Open House for Bioinspire

September 24, 2012 -- The focus of Bioinspire is on medical device companies to ensure the creation of a comprehensive ecosystem to support these companies.

WHO:

- Tom Rainey, Director of Bioinspire - www.bioinspire.com.

- Bob Barrett, Honorable Mayor, Peoria

- Mary Ann Guerra, BioAccel CEO

- Randall Schulhauser, Medtronic

- Sandra Watson, Interim CEO, Arizona Commerce Authority

WHAT:

- Open House for Bioinspire’s new incubator facility at Plaza Del Rio Campus

- Meet the portfolio company residents, learn about device development

WHEN:

- Tuesday, September 25th

- Time: 4:30pm arrivals - 5:00pm Speakers - 5:30pm Tours and refreshments

WHERE: Bioinspire- Plaza Del Rio Campus 13660 N 94th Drive (cross street Thunderbird)

ADDITIONAL INFORMATION: Peoria’s Economic Development Implementation Strategy identified a bioscience incubator as one of the 11 initiatives that the city should follow to foster economic growth in the city. The city is partnering with BioAccel and Plaza Companies on this initiative. BioAccel will leverage their expertise and reputation in the medical device/bioscience community to provide the necessary energy to enable the successful launch and management of the incubator. The operating agreement provides BioAccel with funding for the operation, management, oversight and services part of the Incucelerator program, as well as seed funding capital for loans and investments in bioscience technology and eligible businesses housed within Bioinspire. The medical device incubator is located on the Plaza del Rio Campus, a 180-acre “medical hub” featuring 400,000 square feet of medical and healthcare offices and outpatient centers owned by Plaza Companies.

While reporters may attend without replying, should you need additional information or photos

Please contact Sheryl Bettencourt @ sbettencourt@prfectmedia.com or call 480 706-6880 x 124

About City of Peoria - Economic Development Services Department: EDS is designed to expedite and facilitate economic development activities in Peoria. Our aim is to build a diversified local economy that will create a strong and sustainable community in which residents are able to work, shop, and be entertained. ED’s core services are business attraction, business retention, small business, redevelopment and workforce development. Learn more at www.peoriaed.com