J&J opens JLABs site in Canada
US healthcare giant Johnson & Johnson (NYSE:JNJ) has opened a new life science incubator in Toronto, Canada, giving entrepreneurs access to facilities, funding and expertise to help them build early-stage companies and develop products.
While J&J and its European subsidiary Janssen have similar facilities in Europe and China, the Toronto site is the first of its JLABs to open outside of the USA.
The 40,000-square-foot life sciences incubator aims at providing entrepreneurs shared lab space and offices, modular lab suites and access to scientific, industry and capital funding experts. It can accommodate up to 50 start-ups and opens with 22 companies that represent a range of sectors, including therapeutics, medical devices and consumer health solutions.
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