J&J In­no­va­tion ex­pands its biotech in­cu­ba­tor JLABS in­to Man­hat­tan

John­son & John­son In­no­va­tion is tak­ing a bite of the Big Ap­ple. The new ven­ture group has tied up with the New York Genome Cen­ter to hatch plans for a 30,000-square-foot JLABS in­cu­ba­tor in So­Ho with $17 mil­lion in state fund­ing.

The new fa­cil­i­ty will open next year, but it’s al­ready look­ing for a blend of life sci­ences star­tups to prep a move-in.

New York of­fi­cials — state and city — have been rolling out some am­bi­tious plans to jump­start a biotech hub. Man­hat­tan is home to a large line­up of pres­ti­gious re­search or­ga­ni­za­tions, and this ef­fort will be in­clud­ed in the list of ini­tia­tives aimed at build­ing a con­cen­tra­tion of new com­pa­nies.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER