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Nidus Center begins germination today
Virginia Baldwin Gilbert Of the Post-Dispatch Staff

Jihong Zhang, a research assistant, working in a virology lab at
the Donald Danforth Plant Science Center.
(Larry Williams/P-D) |
Just in time for spring planting, the Nidus Center for Scientific Enterprise
is holding its grand opening today as a business incubator for biotechnology
companies.
And just as you have to wait for seeds to germinate, grow and bear
fruit, the region must be patient before seeing businesses grow large
enough to be transplanted from Nidus and to reap financial success,
the center's director says.
"The gestation period is much longer" for biotech companies
than for information technology companies like those in Silicon Valley,
says Robert Calcaterra, Nidus Center director.
The effect of the center on the growing companies and the region as
a whole "won't be visible until five, maybe 10 years out,"
Calcaterra said. "That has partly to do with the field we're in
-- companies could take seven or eight years before their product comes
to market."
Nidus was created and funded by Monsanto Co. -- now merged into Pharmacia
Corp. of Peapack, N.J. -- to provide a nurturing environment for entrepreneurs
wanting to take biotechnology from the research lab to the market. The
merger has not affected the corporation's commitment to the center,
company officials say.
The $10 million Nidus building was completed late last year off Warson
Road on the east side of Monsanto's headquarters complex. The staff
and first tenants moved in in mid-December.
The first tenants are temporary -- scientists bound for the William
Danforth Plant Science Center being built across Olive Boulevard. The
Danforth Center is expected to be completed late next year.
The rest of the 20 or so labs in the Nidus Center stand empty, waiting
for the seedling companies to grow large enough to have employees to
do research. Three startups have been selected as tenants so far: Colliant
LLC, GenChemiCs LLC and Libratto.com Inc.
Colliant founder Dave Duncan moved in about a month ago as his company's
only employee. He works in a small office on the second floor of Nidus.
There, he is trying to get that first licensing deal that will bring
investors on board, allow him to hire about five people -- already hand-picked
-- and get started in his business.
Duncan, 51, worked for Monsanto for 22 years before taking early retirement
last year. His last title was director of the global forestry group.
Research on improving crops other than Monsanto's core business of
corn, soybeans, wheat and cotton was "sitting on the shelf,"
Duncan said.
"A lot of other crops could be helped - forests for paper, pulp
and timber; sugar cane; coffee and citrus," he said.
Take forests, for instance. "We're looking at growing trees like
rows of corn," Duncan said. "If you produce more, while confined
to a limited area, you can stop the encroachment of natural forests."
In addition, Duncan plans to use his experience, and that of his future
employees, in a consulting business to help other companies with what
he calls regulatory science. That is, the science needed to get a product
approved by regulatory agencies.
Today Duncan will present a poster session of his plans to the 100
or so visitors from industry, universities and government agencies invited
to tour the new facility.
Being at Nidus "means I'm elbow to elbow with business startup
experts," Duncan said.
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Nidus Center requirements
Robert Calcaterra, director of the Nidus Center for Scientific Enterprise,
says a biotechnology company wishing to join the center must:
* Have a complete management team or be willing to accept one put together
for it by a Nidus advisory group.
* Have a product or idea with real market value, as determined by independent
market research.
* Be protectable through patents or trade secret law.
* Be able to attract investors willing to put enough money in to make
the venture successful.
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