A growing Dallas biotech hub backed by philanthropist and investor Lyda Hill has attracted an early-stage accelerator program that has helped startups...
MassChallenge now works with startups on three continents and plans to link its offices in Austin and Houston with Dallas to form a ‘Texas Triangle.’
The centerpiece of the Pegasus Park project is this 18-story office tower that was once the headquarters of jeweler Zale Corp. and, before that, Exxon Mobil.backed by philanthropist and investor Lyda Hill has attracted an early-stage accelerator program that has helped startups globally reel in investments totaling $8.6 billion.
MassChallenge will establish a footprint at Pegasus Park with an initial early-stage group made up largely of biotech and life sciences startups. It said it plans to work over the next three to five years to grow the region’s ecosystem for innovation. “Finding bold, long-term solutions from the science innovators that MassChallenge will attract and support in North Texas is more critical than ever,” said Lyda Hill, entrepreneur and founder of
. “[Its] presence is a signal of our region’s rich history of supporting entrepreneurs and will augment North Texas’ reputation for scientific and medical innovation.”, recently joined UT Southwestern Medical Center, Massachusetts-based BioLabs and Taysha Gene Therapies as tenants at Pegasus Park. The 23-acre business complex that formerly housed operations of Mobil Oil Corp. is being redeveloped by Hill and J.
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