Johnson & Johnson’s 30,000-square foot facility, located at the New York Genome Center in the heart of SoHo, is a collaboration between Johnson & Johnson Innovation, New York State, and the New York Genome Center. JLABS @ NYC can accommodate up to 30 biotech, pharmaceutical, medical device, consumer and health tech companies and opens with 26 resident companies, including the four winners of the JLABS @ NYC QuickFire Challenge.
“Johnson & Johnson has deep entrepreneurial roots in New York and we are pleased to see our unique JLABS model applied in this rich ecosystem to foster the creation of new healthcare innovations that have the potential to change the trajectory of health for humanity,” said Paul Stoffels, M.D., Chief Scientific Officer, Johnson & Johnson. “Expanding our JLABS network to NYC will link entrepreneurs around the region with Johnson & Johnson Innovation experts, allowing some of the brightest minds in healthcare to work collaboratively in a shared space.”
Governor Cuomo commented, “By investing in JLABS @ NYC, we’re connecting early-stage companies with the tools, resources, and networks to succeed while enhancing the life sciences industry and fostering job growth across New York.”
In addition to opening the new site, JLABS @ NYC announced the four winners of the JLABS @ NYC QuickFire Challenge. The winners of the QuickFire Challenge receive one year of residence in JLABS @ NYC, providing access to a bench, workstation, and the global JLABS community. The four winners are: Lab11 Therapeutics LLC; Manhattan Biosolutions; Sapience Therapeutics, Inc.; and Mobile Sense Technologies, Inc.
“For too long, patients and consumers have not fully benefitted from the incredible genius throughout the world. NYC and its environs are home to some of the greatest minds in scientific innovation, whose skills and their spirit have so much to offer,” said Melinda Richter, Global Head of JLABS at Johnson & Johnson Innovation. “JLABS provides those innovators the environment they need to deliver life-enhancing, life-saving solutions to the people who need them. By opening up vital industry connections, entrepreneurial programs and a capital-efficient, flexible platform to help alleviate the cost burden that typically slows or kills innovation, we know NYC will light up our world.”
JLABS facilities have incubated more than 370 companies to date, focusing on biotech, pharmaceutical, medical device, consumer and health tech programs. JLABS @ NYC will follow the same no-strings-attached approach across all JLABS locations: San Diego; San Francisco; South San Francisco; Boston; Lowell, MA; Houston; Toronto; Beerse, Belgium; and Shanghai.
(Source: Johnson & Johnson Innovation)
Filed Under: Drug Discovery
