ON gives $19.4 M to secure uToronto biotech incubator partnership

September 10, 2015

Ontario has announced that it has spent $19.4 M to successfully attract a Johnson & Johnson biotech incubator lab to the province. The newest branch of JLABS will occupy a floor of a University of Toronto-owned portion of the MaRS west tower in Toronto. Economic Development Minister Brad Duguid said that Johnson & Johnson will match and add to the province’s investment. The new incubator will also provide high quality research facilities for biotech startups. uToronto President Meric Gertler said that partnering with Johnson & Johnson is a vital part of the “vibrant entrepreneurial ecosystem” the university has established in Toronto and beyond. MaRS | Toronto Star | ON