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Alberto Osio, CEO of Yolia Health, at his company's office with BioInspire, a bioscience incubator in Peoria. (Cronkite News Service Photo by Tian Chen)

PEORIA, Ariz. -- Alberto Osio said he has a way to help older people see better. His San Diego-based company, Yolia Health, is developing a combination of contact lenses and eye drops that modifies the shape of corneas to produce clearer vision.

But the 5-year-old company has been struggling to get seed funding, network with researchers and obtain Food and Drug Administration approval -- challenges that can put a bioscience startup out of business.

Those challenges led Osio and Yolia Health to Peoria, where the West Valley city and two partners have created a bioscience incubator offering up initial funding, mentoring, free office space and access to laboratories.

Yolia Health was one of five companies taking part in BioInspire when the incubator launched in September.

To read the original article: Peoria starts incubator to attract medical-device makers - Phoenix News - KTAR.com