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
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
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? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...