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.
About the Relocation:
- 100 new jobs
- 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.
“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.”
“BioStem Technologies’ growth in Boca Raton highlights the cutting-edge innovation driving Palm Beach County’s life sciences industry,” said Kelly Smallridge, President and CEO of the Business Development Board of Palm Beach County. “We were proud to work with the City of Boca Raton and the Research Park at Florida Atlantic University to support BioStem’s continued expansion and long-term commitment to the region.”
BioStem Technologies will continue to focus on developing and manufacturing products that change lives, leveraging its proprietary BioRetain® processing method. BioRetain® applies the latest research in advanced wound care, maintaining growth factors and preserving tissue structure to support healing and tissue regeneration.
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About BioStem Technologies:
BioStem Technologies is a leading innovator focused on harnessing the natural properties of perinatal tissue in the development, manufacture, and commercialization of allografts. The Company is focused on manufacturing products that change lives, leveraging its proprietary BioRetain ® processing method. BioRetain ® has been developed by applying the latest research in advanced wound care, focused on maintaining growth factors and preserving tissue structure. BioStem Technologies’ quality management system and standard operating procedures have been reviewed and accredited by the American Association of Tissue Banks (“AATB”). These systems and procedures are established per current Good Tissue Practices (“cGTP”) and current Good Manufacturing Processes (“cGMP”). Our portfolio of quality brands includes AmnioWrap 2 ™, VENDAJE ®, VENDAJE AC ®, and VENDAJE OPTIC ®. Each BioStem Technologies placental allograft is processed at the Company’s FDA registered and AATB accredited site in Pompano Beach, Florida.
About the Business Development Board of Palm Beach County:
The Business Development Board of Palm Beach County (BDB) serves as the county’s official public/private economic development organization. Established in 1982, the BDB is dedicated to attracting and retaining industries, fostering business investments, creating high-quality jobs, and supporting workforce development through corporate relocations, expansions, and international trade initiatives. Over the past five years, the BDB has supported more than 140 companies, contributing to the creation or retention of over 13,110 direct jobs with average salaries exceeding $80,000 per year. These efforts have driven more than $1.12 billion in capital investments into Palm Beach County.
