According to a news release, the partnership has already infused $3.2 million into startups for life-improving innovations developed at Purdue University. The not-for-profit Foundry Investment Fund helps accelerate these businesses and has already helped fund Symic Bio Inc., a life sciences company originating from Purdue’s Weldon School of Biomedical Engineering. That company received nearly $450,000.
“Cook has licensed several Purdue innovations that have helped untold people around the globe,” said Steve Ferguson, chairman of the board for Cook Group, in the release. “The partnership between Cook Biotech and Purdue is a wonderful example of how two entities can work together for a common good, and we received great results. It is an interesting story with a positive outcome.”