Peoria, Ill (May 5, 2008) – zuChem Inc, a privately held biotechnology company, announced today that it has become a tenant in the PeoriaNEXT Innovation Center.
The Peoria Next Innovation Center is a new technology incubator owned by the Heartland Foundation and managed by Bradley University. zuChem joins fellow tenants, including Caterpillar Inc. and Bradley University’s Heartland Illinois Technology Enterprise Center in the facility that was opened in September 2007. zuChem previously maintained its research operations at the USDA National Center for Agriculture Utilization Research (NCAUR), also located in Peoria, Ill.
“This move marks an important step in our Company’s growth”, commented zuChem’s CEO, David Demirjian, Ph. D. “The PeoriaNEXT facility in addition to excellent resources also provides us with a key location to maintain our ties with NCAUR and other local academic groups.”
Peoria, Ill. is recognized by Forbes as one of the nation’s top metro areas for its low cost of doing business, and is a growing hub of entrepreneurial opportunity ready with key resources to assist economically viable businesses.
zuChem Inc., headquartered in Chicago, Illinois, focuses on commercializing innovative manufacturing processes for unique glycochemicals (varieties of specialized sugars) for the pharmaceutical and specialty chemicals industries. Glycochemicals are key components of many antibiotics, anticancer and antiviral drugs as well as many specialty food ingredients. Please visit www.zuChem.com for more information.