The JLABS Incubator Helps Startups Develop Smart Health Technology
Katherine Pendrill — May 12, 2016 — Tech
References: jlabs.jnjinnovation & business.financialpost
Johnson & Johnson recently opened a new JLABS incubator inside Toronto's MaRS Discovery District. The new life science facility will join the company's extensive network of incubators, all of which are helping startups works on pharmaceutical, medical, consumer and digital health research.
The new JLABS incubator occupies a 40,000-square-foot space that includes a modular and scalable lab, collaborative workstations and state-of-the-art equipment. The space is designed to help startups design and develop their technology to the point that it can be brought to market. Not only does the incubator serve as a functional workspace, but companies will also have access to investors, educatoral programs and networking opportunities with industry experts. Additionally, Johnson & Johnson will not take any stake in the startups, giving the companies a chance to grow before giving away equity to new partners.
With 22 startups already on board, the accelerator demonstrates the need for designated spaces for new companies to grow and develop their ideas.
The new JLABS incubator occupies a 40,000-square-foot space that includes a modular and scalable lab, collaborative workstations and state-of-the-art equipment. The space is designed to help startups design and develop their technology to the point that it can be brought to market. Not only does the incubator serve as a functional workspace, but companies will also have access to investors, educatoral programs and networking opportunities with industry experts. Additionally, Johnson & Johnson will not take any stake in the startups, giving the companies a chance to grow before giving away equity to new partners.
With 22 startups already on board, the accelerator demonstrates the need for designated spaces for new companies to grow and develop their ideas.
Trend Themes
1. Smart Health Technology - The JLABS incubator provides startups with the resources to develop innovative smart health technology.
2. Modular and Scalable Labs - The JLABS incubator offers startups the opportunity to work in a modular and scalable lab environment, promoting experimentation and flexibility.
3. Access to Investors and Networking - The JLABS incubator provides startups with access to investors and networking opportunities, aiding in their growth and development.
Industry Implications
1. Pharmaceutical - The JLABS incubator supports startups in the pharmaceutical industry with resources and connections to advance their research and development.
2. Medical - The JLABS incubator offers startups in the medical industry the facilities and support to develop innovative medical technology solutions.
3. Consumer and Digital Health - The JLABS incubator assists startups in the consumer and digital health industries in creating cutting-edge health technology products and services.
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