Lab­Cen­tral helped cre­ate 6,300 jobs and 19 IPOs. Amid a slump, de­mand for lab space has slowed

When Lab­Cen­tral cel­e­brat­ed its 10th an­niver­sary last year, it was a bit­ter­sweet mo­ment.

The in­cu­ba­tor has helped hun­dreds of biotechs launch and gain their foot­ing. But star­tups, es­pe­cial­ly those with no clin­i­cal da­ta yet, are strug­gling to at­tract cap­i­tal as fi­nanc­ing has dried up across the in­dus­try. Lab­Cen­tral, a key play­er in the start­up scene in the Boston area, found it­self in a unique po­si­tion: Its lab spaces weren’t as ex­clu­sive as they used to be.

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