Welcome!

News Feed Item

Governor Patrick Celebrates Grand Opening of LabCentral Biotech Hub, Announces $5 Million in Capital Funding

MLSC capital grant will double the size of LabCentral

CAMBRIDGE, Mass., April 2, 2014 /PRNewswire/ -- Governor Deval Patrick today joined the Massachusetts Life Sciences Center (MLSC), MIT President Rafael Reif, LabCentral's leadership, industry stakeholders and state and local officials to celebrate the grand opening of LabCentral's state-of-the art 28,000 square-foot facility in Kendall Square in Cambridge. The Governor also announced $5 million in additional capital funding from the MLSC for LabCentral to fund build-out of additional space of equal size near LabCentral's existing 700 Main Street location, continuing the Patrick Administration's dedication to expanding opportunities for innovative life sciences and biotech companies. 

A 28,000 sq. ft. facility in the heart of the Kendall Square, MA, biotech innovation hub, LabCentral is a first-of-its-kind shared lab space designed as a launchpad for high-potential life-sciences startups. It offers fully permitted laboratory and office space for up to 25 startups comprising approx.100 scientists and entrepreneurs. LabCentral provides 1st-class facility and administrative support, skilled lab personnel, a domain-relevant expert speaker series and other critical support.

"Almost one year ago today, I was pleased to take part in the groundbreaking event for LabCentral," said Governor Patrick. "I spoke then about shaping our own future through the choices we make in public investment. The Massachusetts Life Sciences Center and an impressive array of sponsors decided to bet on LabCentral – precisely the kind of decision that can help make the economy stronger and grow opportunity in the Commonwealth. It's a bet that's paying off. Today, LabCentral is the embodiment of innovation and in nurturing the next generation of life-sciences companies that will grow jobs, grow ideas and grow solutions to improve health."

LabCentral is a first-of-its-kind shared laboratory space designed as a launchpad for high-potential life-sciences and biotech startups. Currently, LabCentral can house a maximum of 25 companies. The MLSC capital grant will enable LabCentral to become home to many more early-stage companies. LabCentral is a unique facility, founded on the open innovation model, which has revolutionized the tech environment. State-of-the-art laboratory equipment is critical, but not enough. Life-sciences companies are more likely to develop quickly when they start out in a supportive environment that facilitates creative exchange of science and business ideas. LabCentral's staff and partners anticipate residents' needs and help eliminate roadblocks to growth. LabCentral's open floor plan and inspired work, lab, and play spaces foster collaboration and the sharing of best practices. Designed to benefit the entire life sciences community, LabCentral targets what is the most critical unmet need for Massachusetts life sciences entrepreneurs – to make it easier, or "lower the bar," for scientists to start new, high-risk companies with transformational potential. 

Through the MLSC, Massachusetts is investing $1 billion over 10 years in the growth of the state's life sciences ecosystem. These investments are being made under the Massachusetts Life Sciences Initiative, proposed by Governor Patrick in 2007, and passed by the State Legislature and signed into law by Governor Patrick in 2008.  To date the MLSC has awarded more than $370 million to support life sciences-related capital projects across the state, creating thousands of jobs and more than 1.3 million square feet of new education, research and manufacturing space.

"We are thrilled to be an ongoing partner in LabCentral, a vital resource for the Commonwealth and indeed the world," said Susan Windham-Bannister, Ph.D., President & CEO of the MLSC.  "Our initial $5 million investment has helped LabCentral attract nearly three-times that in donations of cash, state-of-the-art equipment, and in-kind services. LabCentral exemplifies one of the key strategies for the use of our capital dollars – the establishment of unique resources that are available to industry, and that will allow Massachusetts to further expand our global leadership in the life sciences. It's clear that demand for LabCentral's unique combination of shared lab space and expert services will fast outpace its current capacity, and we are pleased to be announcing today a second round of funding to support LabCentral's expansion."

"What an exciting day for all of us," said Dr. Johannes Fruehauf, founder of LabCentral. "Our goal has been to create a fertile environment where visionaries can thrive. It's extraordinarily gratifying to see our vision of LabCentral come to fruition here at historic 700 Main Street. We've been successful thanks to the generosity of our sponsors, the dedication of our employees and partners, and the creativity of our residents.

LabCentral has partnered with MIT to create its community space. One of Cambridge's oldest industrial complexes, the building was renovated by the Institute to showcase its historic architecture and significant contributions to industry and manufacturing. From the first two-way long distance phone call to the invention of the Polaroid camera, the building is no stranger to innovation. A dozen startups are currently in residence at LabCentral, several of which are developing technologies out of MIT, and more companies are slated to move in over the next few months.

About LabCentral (www.labcentral.org; twitter @labcentral)
A 28,000 square-foot facility in the heart of the Kendall Square, Cambridge, biotech innovation hub, LabCentral is a first-of-its-kind shared laboratory space designed as a launchpad for high-potential life-sciences and biotech startups. It offers fully permitted laboratory and office space for as many as 25 startups comprising approximately 100 scientists and entrepreneurs. LabCentral provides first-class facility and administrative support, skilled laboratory personnel, a domain-relevant expert speaker series ‒ as well as the other critical services and support that early-stage companies need to begin laboratory operations on day one. A private, nonprofit institution, LabCentral was funded in part by a $5 million grant from the Massachusetts Life Sciences Center, with support from its real-estate partner, MIT. Founding sponsors include Triumvirate Environmental and Johnson & Johnson Innovation.

MEDIA CONTACTS:
LabCentral:      Caroline A. Grossman  +1.781.771.5579 [email protected]

LabCentral logo

 

Photo - http://photos.prnewswire.com/prnh/20140402/NE96861
Photo - http://photos.prnewswire.com/prnh/20140401/NE94903LOGO

SOURCE LabCentral

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
One of the biggest challenges with adopting a DevOps mentality is: new applications are easily adapted to cloud-native, microservice-based, or containerized architectures - they can be built for them - but old applications need complex refactoring. On the other hand, these new technologies can require relearning or adapting new, oftentimes more complex, methodologies and tools to be ready for production. In his general session at @DevOpsSummit at 20th Cloud Expo, Chris Brown, Solutions Marketi...
At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
HyperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let's say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it...
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.