J&J to launch Texas incubator

Johnson & Johnson (NYSE:JNJ) announced plans to open the fifth incubator in its J-Labs network, formerly known as Janssen Labs, within the new Innovation Institute at Texas Medical Center in Houston. J-Labs @ TMC, a 30,000-square foot facility capable of housing up to 50 life science start-ups, is slated to open in 4Q15.

Melinda Richter, head of J-Labs, said the incubator will provide education, operations and business support and will connect local entrepreneurs with investors. She declined to disclose how much funding J&J will contribute to the incubator. ...