PRESIDENT/CEO ANNOUNCED FOR NEW INCUBATOR
Construction under way of 40,000-square-foot green facility.

ST. LOUIS, February 11, 1999 — Dr. Robert J. Calcaterra has been named president and chief executive officer of Nidus Center for Scientific Enterprise, the $8.5 million, 40,000-square-foot business incubator currently under construction in Creve Coeur.

When it opens its doors, Nidus Center will serve entrepreneur clients who are refining and preparing new technologies for market – with a focus on plant science technologies. Nidus Center is part of the investment Monsanto and others have made to help promote the St. Louis region as a world center in biotechnology and the plant sciences. The facility – expected to open in fall 1999 – will be located near the intersection of Olive Boulevard and Warson Road, within walking distance of the land sited for the Donald Danforth Plant Science Center.

"Nidus Center is fast becoming a reality, and I’m excited to be a part of this opportunity," Calcaterra said. "Of the incubators with which I’m familiar or have been directly involved, this one is certainly unique. In my experience, there has never been an incubator which – before its doors are even opened – enjoys so many advantages critical to the success of any incubator."

Calcaterra has 10 years experience in incubator management. Most recently, he was the president and chief executive officer of the Arizona Technology Incubator (ATI), which he founded in 1992. During his tenure, ATI brought $50 million and 250 new jobs to the Phoenix Metropolitan Area. Calcaterra also founded the Boulder (Colorado) Technology Incubator in 1989. Calcaterra began his career in 1965 as a research engineer for Monsanto.

Calcaterra said Nidus Center will support start-up entrepreneurs by providing support services, technical and business advice and reasonably priced office and laboratory facilities for the commercialization of promising new ideas. When up and running, Nidus Center is expected to accommodate 15-20 client entrepreneurs.

The facility will include 20,000 square feet of wet and dry laboratories and associated offices, 9,000 square feet of offices for entrepreneurs, a reception area, meeting rooms and 11,000 square feet of mechanical space and building services. St. Louis firms HOK, William Tao Associates, EDM and Paric Corporation will provide the incubator’s architecture, engineering design and construction. Another firm, Grant Cooper & Associates, already has provided significant assistance in recruiting leadership for Nidus Center.

A task force from Monsanto, Washington University, the University of Missouri-Columbia and the University of Illinois at Urbana-Champaign studied successful business incubators around the country and Europe to design Nidus Center. One goal of that design is to have the facility designated a "Green Building" by the U.S. Green Building Council. "Green Buildings" must meet stringent environmental and energy criteria, including requirements regulating indoor air quality, water conservation management, environmental impact and construction waste management, among others.

If this designation takes place, the incubator would become Missouri’s first certified "Green Building" and one of the first "Green" laboratories in the country, according to David Broughton, director of Strategic Initiatives at Monsanto.

As construction continues over the next several months, Calcaterra will hire a support staff, develop Nidus Center’s service network of business consultants and begin to reach out into the investment community. In addition, a board of directors and advisory council will be appointed to provide long-term direction for the incubator

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