Every successful incubator is made up of two equally important pieces: the physical space and the intangibles. The physical space includes the building, labs and the many pieces of specialized equipment. 
The intangible resources include the programs, knowledge and guidance offered to participants. INNOVATIONS accomplishes these two objectives with a new type of business plan that brings together the unique strengths of the private and public sectors. The City of Chandler has invested over 6 million dollars in the infrastructure and tangible resources of the incubator. Unlike other models which are funded by private or education funds which need to recoup their costs through equity sharing and the like, Chandler does not seek to recoup its initial investment through direct payback, instead Chandler sees the expenditure as an investment in the future life science & technology economies. This allows greater freedom for the companies inside INNOVATIONS and the low lease rates are carried forward to the small start-ups. Furthermore, the property management is handled by the City’s award-winning economic development team led by a 30 year veteran of the real estate industry.
The second part of the equation is the programs and advice designed to help scientists and engineers bring their ideas to marketability. ThirdBio has long been an established leader in helping build small biotech firms. Created as a not-for-profit, ThirdBio has developed numerous programs and resources to help engineers and scientists through the entrepreneurial process. The secret behind ThirdBio’s success is its founder who is an industry CEO with 30 years of experience and expertise in transforming ideas into marketable reality. This direction is an invaluable tool for businesses that are new to the complicated process of bringing technology to market. The intellectual resources that ThirdBio has to offer, coupled with some of the most technologically advanced and dynamic wet lab, dry lab and office space available, INNOVATIONS forms a dynamic partnership unparalleled in Arizona.