Southern Research, Innovate Alabama join to attract biotech firms

Two notable state organizations have partnered on an initiative to attract biotech firms into Alabama and also help expand the already-existing start-up companies in the Yellowhammer State. Innovate Alabama has awarded Southern Research close to $3 million in tax credits courtesy of the Innovate Alabama Tax Credit Program, the two organizations announced Tuesday. As a result of the new funding, the Therapeutics Development Fund will be added to Station 41, Southern Research’s recently launched biotechnology commercialization hub. The fund is projected to create 139 biotech jobs, support almost