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Business

J&J launches Toronto incubator

by Lisa M. Jarvis
May 16, 2016 | APPEARED IN VOLUME 94, ISSUE 20

Johnson & Johnson Innovation has opened its first life sciences incubator outside the U.S. Like J&J’s five other incubators, JLABS @ Toronto features shared lab and office spaces. The facility has room for 50 start-ups; 22 companies are moving in at the site’s launch. J&J rolled out the incubator concept in 2012 in San Diego as a way of nurturing the biotech ecosystem while developing good relationships with entrepreneurs. The firm does not take a stake in tenants of JLABS, although in some cases it has forged pacts with tenants.

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