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Biotech, life sciences incubator opens in Manhattan

Lieutenant Governor Kathy Hochul joins representatives of NYCEDC, NYU Langone Health and BioLabs at the official opening.

The largest biotechnology incubator of its kind in New York City has opened at 180 Varick Street in Hudson Square.

BioLabs @ NYULangone is designed to attract the nation’s most innovative companies working in early stage life sciences.

The co-working facility currently has 22 companies and is expected to house more than 40 early-stage biotechnology and life sciences companies, 160 scientists, business personnel and support staff, in 50,000 s/f of newly renovated and fully equipped laboratory and office space.

The BioLabs staff will provide educational programming and operational support, enabling startups to focus on science and innovation.

BioLabs @ NYULangone received $5 million from NYCEDC’s LifeSci NYC initiative, a $500 million commitment to establishing New York City as a global leader in life sciences R&D and innovation

NYU Langone Health, Empire State Development, Bristol Myers Squibb, and a number of other corporations also provided funding for the development of BioLabs @ NYULangone.

“Life Sciences is a fast growing-sector in New York and represents an opportunity to make ground-breaking discoveries and create good jobs for New Yorkers,” said NYCEDC President and CEO James Patchett.

“It’s why we’re thrilled to be a founding sponsor for BioLabs @ NYULangone, which will serve as an invaluable space for startups and companies to innovate, grow and thrive. .”

The opening builds upon a series of recent LifeSci NYC announcements including a new partnership with Deerfield Management to redevelop a 12-story building located at 345 Park Avenue South into a life sciences campus and an expansion of the Alexandria Center for Life Sciences North Tower on Manhattan’s East Side offering a 550,000 s/f facility to commercial laboratory and office space for growth-stage life science companies.

NYCEDC also approved a $10 million fund to help NYC companies expand in NYC and launched an internship program to train the next generation of life sciences talent.

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