Modern Meadow, a biofabrication company pioneering techniques to biologically generate materials such as leather is moving from its location at Brooklyn Army Terminal to ON3, the former Hoffmann-La Roche campus in Nutley, N.J.
The firm is receiving Grow NJ tax credits of up to $32 million approved by the New Jersey Economic Development Authority (NJEDA).
CEO Andras Forgacs said, “We are excited to be part of the growing New Jersey biotech community. With this move, Modern Meadow is committed to expanding its biofabrication platform and continuing to build next-generation materials for the consumers of the future. We are thrilled to be in close proximity to a scientific talent pool and look forward to growing with Nutley.”
Gene Diaz, a principal partner with ON3 owner Prism Capital Partners, added, “We are thrilled to welcome Modern Meadow to the ON3 campus and look forward to expanding this site with more innovators across tech, entrepreneurship, medical education and retail.”
Modern Meadow was founded in 2011 with a mission to re-imagine animal materials, such as leather, by applying design and engineering to biology. With $53.5 million total funding to date, and this new 72,900 s/f space to expand, they are now hiring and planning to add 200 new employees by 2020.