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
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
SYS-CON Events announced today that China Unicom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE F...
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...