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.

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