Posted On: 03/20/2015 8:40:37 AM
Post# of 30034
Johnson & Johnson (JNJ) Opens Biotech Incubator In South San Francisco; Announces 10 Startups To Call It Home
Johnson & Johnson runs similar incubators in San Francisco, San Diego and Boston and plans to open a fifth in Houston next year. Members of each incubator rent space and gain access to laboratory equipment, business services, educational programs and offices as part of a “no strings attached” arrangement, according to the company’s website. However, it's clear that Johnson & Johnson sees the 70 companies housed in its JLabs throughout the country as a loosely held extension of the company's own innovation arm. Over the years, Johnson & Johnson has struck 20 deals with member companies for products or medicines created at its incubators and is currently in negotiations for 20 more, as reported by San Francisco Business Times.
Johnson & Johnson runs similar incubators in San Francisco, San Diego and Boston and plans to open a fifth in Houston next year. Members of each incubator rent space and gain access to laboratory equipment, business services, educational programs and offices as part of a “no strings attached” arrangement, according to the company’s website. However, it's clear that Johnson & Johnson sees the 70 companies housed in its JLabs throughout the country as a loosely held extension of the company's own innovation arm. Over the years, Johnson & Johnson has struck 20 deals with member companies for products or medicines created at its incubators and is currently in negotiations for 20 more, as reported by San Francisco Business Times.
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