November 6, 2025 – Boca Raton, FL – The Business Development Board of Palm Beach County (BDB) is pleased to announce the growth of BioStem Technologies, Inc., a leading MedTech company specializing in the development, manufacturing, and commercialization of placental-derived products for advanced wound care. The company will locate its new headquarters at the Research Park at Florida Atlantic University (FAU) in Boca Raton and create 100 new jobs.
Biostem Technologies Expands Operations in Boca Raton
- Purchased four acres of land
- New location will be at the Research Park at Florida Atlantic University (FAU)
- Up to $300,000 in economic incentives through the City of Boca Raton
The Business Development Board of Palm Beach County facilitated introductions for incentives through the City of Boca Raton and continues to support BioStem Technologies through connections across the community. The new location places the headquarters among technology companies and research-based organizations in the Research Park at Florida Atlantic University.
Economic Impact on Palm Beach County
“While opportunities were presented to us in other states, we knew from the start that we wanted to remain in South Florida and continue contributing to the growth of the local life sciences industry. The Research Park location places us among technology innovators and near a university with leading science and healthcare programs, allowing us to attract and train our highly specialized workforce,” said Jason Matuszewski, Chairman and CEO of BioStem Technologies.
“We’re thrilled BioStem chose Boca Raton for its headquarters. Our talented workforce, strategic location, and supportive community provide the perfect foundation for their continued success,” said Jessica Del Vecchio, Economic Development Manager of the City of Boca Raton.
“The decision of BioStem Technologies to join the Research Park’s community of innovation demonstrates the importance of our university research park for meaningful economic growth and long-term prosperity for South Florida,” said Andrew S. Duffell, President of the Research Park at Florida Atlantic University. “The ability to collaborate with peer scientists close-by and to offer training opportunities for students is an essential factor in developing a sustainable MedTech industry here.”…