The University of Toronto has partnered with Cambridge, Mass.-based BioLabs to operate the 40,000-square-foot life sciences incubator space at MaRS Discovery District previously run by Johnson & Johnson.
The facility, Toronto’s largest shared lab incubator, will become BioLabs’ first Canadian location. More than 30 startups currently using the space will continue operations while gaining access to BioLabs’ global sponsor and investor network. U of T says the partnership addresses a severe shortage of wet lab space downtown, where vacancy rates are below one percent. BioLabs supports over 500 life science companies worldwide.
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