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JLABS @ NYC 3rd Anniversary Milestones: Growing the Greater New York Life Science Community

By JLABS
Articles

Johnson & Johnson Innovation – JLABS @ NYC turns THREE this month! It’s an exciting time for the region since NYC just announced [1] it would double its investment in the Life Sciences in an effort to advance the research and development of new medicines, medical devices, diagnostics, materials, and research tools. As we start to see the city bounce back from the pandemic, we’re reminiscing on our impact in the ecosystem to date.

First, we are proud to share where our residents and alumni stand today as captured in our JLABS Navigator – a great tool for getting to know our startups whether you’re an investor or looking for space to grow your company.

JLABS @ NYC by the Numbers

  • $1.3B in financing and strategic relationships (including deals with The Johnson & Johnson Family of Companies)
  • 40% serial entrepreneurs and 60% first-time entrepreneurs
  • 50% female-led companies
  • 40% minority-led companies
  • More than 340 jobs created since 2018

Since the Grand Opening, our community has helped transform great ideas into potentially life-changing solutions for patients around the world. We celebrated successes with our Johnson & Johnson Innovation leaders, and we shared milestones with JLABS @ NYC residents. We welcomed our first residents to BLUE KNIGHT™, a joint initiative between Johnson & Johnson Innovation and the Biomedical Advanced Research and Development Authority (BARDA).

In 2020, JLABS @ NYC announced the NYC Innovation QuickFire Challenge on Neuroscience. Our awardee, Biorchestra, is a pharmaceutical company developing RNA-based therapeutics that regulate mRNA and microRNA and a drug delivery system that can effectively and safely deliver them to specific target organs.

Take a look at some of our favorite memories from the past three years.

[1] https://www1.nyc.gov/office-of-the-mayor/news/414-21/recovery-all-us-new-york-city-invests-1-billion-life-sciences

Memories and Milestones

A toast to our incredible team: we wouldn’t be where we are today without you. As we reflect on the past three years and look ahead to the next three and beyond, Stephen Pitt, Head of Johnson & Johnson Innovation – JLABS US North East shares his gratitude and outlook.

JLABS @ NYC

Johnson & Johnson Innovation leaders, residents and partners who celebrate with us have shared some anniversary wishes!

Notes

Notes

Cheers to filling the pages of our next anniversary scrapbook with memories of some of the world’s best and brightest innovators in their pursuit of pharmaceutical, medical device, and consumer health solutions! To stay in touch with Johnson & Johnson Innovation, sign up for our Newsletter at https://jlabs.jnjinnovation.com/subscribe.

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