Category: Technology, Business & Economic Development
The Delaware Technology Park (DTP) is a recognized leading East Coast non-profit research park, providing development-stage life science, information technology, advanced materials, and renewable energy companies with access to the resources and connections needed to drive and accelerate their economic success.
DTP welcomed its first company in 1992. Since its inception, DTP has housed more than 75 companies, including 25 companies that have matured and graduated from the Park. There has been $300 million invested in the Park and an additional $300 million given to DTP organizations through research grants. DTP has helped create more than 16,000 new jobs in the community.
The tremendous success of DTP is possible because of its strategic alignment with the State, the University of Delaware, and the private sector, and it is successfully using this partnership model that has won DTP national recognition. In 2005, the Association of University Research Parks (AURP) recognized DTP as the Outstanding Research/Science Park of the Year. Additionally, the U.S. Council on Competitiveness recognized DTP as a model research park for its regional economic development initiatives across the U.S. and Mexico
The Delaware Technology Park (DTP) is currently home to 54 tenants, ranging from multinational corporations to university spin-outs and support organizations. The DTP facility houses five buildings, three multi-tenant buildings, the Delaware Biotechnology Institute and the Fraunhofer USA Center for Molecular Biotechnology. DTP has a laboratory extension called DTP@STAR on UD’s STAR Campus. DTP offers cutting-edge physical infrastructure, including wet labs, office space, conference facilities and a park-wide fiber optic network, to meet the varying needs of its companies and organizations.
DTP management selects the best and the brightest to set up operations in the Park. Admittance is based on technology and business focus, financial status and leadership capability. The companies must express a desire to be near the University of Delaware resources and contribute and benefit from a shared cluster environment.
The mission of the Delaware Technology Park is to stimulate economic growth and create high-value jobs in the Mid-Atlantic region by providing affordable state-of-the-art facilities, access to necessary resources and connections to the region’s industry, government and academic leaders