Paul D. Morano, Jr.
MassBio is a non-profit organization representing 600 member companies and organizations. MassBio is also committed to helping communities, local and state governments and regulatory agencies understand biotechnology, its realized and potential contributions to society, the impetus it gives the economy and the specific needs of the industry.
Worcester is also home to the headquarters of the Massachusetts Biomedical Initiatives (MBI). MBI is a private, independent economic development organization that serves as a catalyst for life science and healthcare innovation.
MBI supports three world-class incubators in Worcester: Gateway Park (50 & 60 Prescott Street), MBIdeas (100 Barber Avenue) and the Redstone Center (55 Union Street). These incubators support creative entrepreneurs in the field of life sciences by providing affordable high-quality laboratory space with the flexibility to meet changing needs throughout the stages of development.
Worcester has the intellectual capital necessary to support the biotechnology industry with over nine higher education institutions offering degrees in life sciences and/or healthcare. Worcester colleges and universities are actively committed to advancing biomedical research and economic development through partnerships. In 2006, UMass Medical School professor Dr. Craig Mello won the Nobel Prize in Physiology or Medicine for his research involving RNA interference. UMass Medical School owns five buildings totaling over 450,000 square feet in the Biotech Park, now known as the UMass Medicine Science Park on Plantation Street off Route 9 in Worcester. The City of Worcester and Worcester Business Development Corporation partnered to create the Biotech Park in the 1980s. Also, Worcester Polytechnic Institute played a pivotal role as a partner in the Gateway Park development. Since 2010, WPI has been the sole owner of the park and is seeking to pursue additional development in partnership with interested companies.