NEWTON, Mass.--(BUSINESS WIRE)--LabShares Newton celebrated today the opening of 19,000 square feet of new incubator lab space and expects to open another 6,000-foot lab in September. LabShares’ new space incorporates 12 private suites, 15 lab benches in the open lab, and a comprehensive set of shared resources and equipment. All private suites have already been committed to a group of exciting startup biotechs. In total, LabShares operates over 40,000 square feet of shared lab and office space for over 30 member companies.
LabShares is also re-starting the Launch@LabShares Pitch Competition, where one winning startup will be awarded free lab and office space for one year. The bench and desk will be located in LabShares’ newly renovated and fully equipped laboratory in Newton, MA. Two runners-up will be chosen as well, and each will be awarded a free bench in the shared lab plus dedicated desk for three months.
“Our mission is to provide best-in-class services and facilities to early-stage biotech startups - no matter how big or small,” said Jeff Behrens, CEO and Founder of LabShares. “Our members range from very early stage, grant-supported companies to well-funded startups who have closed large A-rounds from top tier venture firms. We are excited to offer free lab space once again to emerging startups as a way of helping them hit the ground running.”
LabShares offers a fully equipped BL2 (Biosafety level 2) laboratory located conveniently off I-90. The Launch@LabShares award, as well as general membership, includes full equipment and use of conference rooms, hazardous waste/gas management, monitored cold storage, and other amenities such as free parking and fitness center access. The shared space provides a collaborative, affordable, and entrepreneurial research environment for early-stage companies along the Charles River near Watertown Square.
LabShares will accept applications from qualifying startups until September 15th, 2022. Five finalists will be chosen and announced by LabShares on September 30th. The finalists will be asked to deliver an in-person pitch to the LabShares team and representatives from LabShares’ sponsors which include DT Ward PC, Faber Law Group, Safety Partners, ThermoFisher Scientific and Tobin Scientific,
Interested startups should visit www.labshares.com/launch for eligibility information and to begin the online application process. Once the application is completed, contestants are asked to submit their pitch decks to info@labshares.com for consideration.
About LabShares Newton, LLC.
LabShares Newton is a laboratory incubator for emerging biotechnology and life science start-ups. The shared space provides a collaborative, affordable and entrepreneurial research environment for early-stage companies in a convenient location along the Charles River and close to Cambridge and Boston. LabShares has developed a state-of-the-art facility that is fully permitted and professionally maintained, offering a variety of support services and amenities. For more information on LabShares, visit www.labshares.com.
