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Alexandria Debuts NY’s Latest Bio Incubator With 13 Startups in Tow

Xconomy New York — 

A new startup incubator has just opened in Manhattan this morning, adding to a growing list of facilities meant to help support seedling New York City biotechs. LaunchLabs, first announced by Alexandria Real Estate Equities a year ago, officially opened its doors and revealed the 13 startups that will grow there.

LaunchLabs is a 15,000-square-foot lab and office space that will effectively serve as an incubator inside the Alexandria Center, a sprawling campus on Manhattan’s East Side that up until now has largely housed outposts for pharmaceutical companies and startups already with substantial financial backing. Alexandria (NYSE: ARE) charges upwards of $1,995 per month for shared wet lab and office space in the facility, and tenants can apply for seed cash through a fund led by the company’s venture arm, Alexandria Venture Investments.


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