Nov 20, 2013

LABCENTRAL LAUNCHES LABORATORY OPERATIONS; SIGNS ALT AS A GOLD SPONSOR

LabCentral is the first-of-its-kind flexible, fully equipped and resourced lab and office facility in the heart of the Cambridge Biotech Innovation Hub

CAMBRIDGE, Mass. (November 19, 2013) − LabCentral, an innovative, shared laboratory space designed as a launchpad for life-sciences startups, officially began laboratory operations on November 15th. Key to its onschedule opening was the generous support that the nonprofit organization received from its sponsors in the form of financial contributions, equipment donations, and in-kind services. In that regard, LabCentral announced that American Laboratory Trading, Inc. (ALT) has joined at the gold sponsorship level.

ALT Chief Operating Officer Jayson Bernstein, commented, “For the last 14 years, ALT has been providing high-quality, premium refurbished lab equipment to the Cambridge biotech community. However our commitment to this innovation hub has never been stronger as evidenced by our new Kendall Square office and now through our sponsorship of LabCentral. Partnering with LabCentral is an ideal fit for ALT as we share a common goal − provide entrepreneurs with cost-effective, turnkey solutions to support their research efforts. We’re honored to be a part of this premier biotech facility.”

“We welcome ALT as a sponsor to LabCentral,” said LabCentral President and Executive Director Johannes Fruehauf. “Its contribution help make this the single best place to build a new life-science company in Cambridge. The interest in LabCentral has been extraordinary and many dozens of companies have made inquiries about becoming LabCentral participants. As of today, five startups have already moved in, and we expect to have 10 companies here by the end of the year.“

Fruehauf continued, “LabCentral’s existing footprint comprises 28,000 square feet of space in a MIT-owned building in Kendall Square, Cambridge, with an option on additional space of similar size. Our original projection was to be fully occupied within three years, however, given the positive response, we are already exploring expansion opportunities. Clearly, there is a glaring need for such a facility centered in and around Cambridge and Boston designed specifically for the life-sciences community.”

LabCentral began reviewing applications from scientists, entrepreneurs, and life-sciences startups in July 2013. The application process starts with a short form available at: www.labcentral.org/apply-for-a-space/. Following submission of the form, the LabCentral team interviews applicants to finalize their candidacy and ensure consistency with LabCentral’s mission. Tours of the facility can be arranged. Accepted candidates are invited back to choose an appropriate space and finalize terms of a contract.