ARTICLE | Company News

J&J to launch JLABS incubator in Toronto

September 9, 2015 1:12 AM UTC

Johnson & Johnson (NYSE:JNJ) plans to launch a JLABS incubator in Toronto, Ontario. Dubbed JLABS @ Toronto, the incubator can house up to 50 life science start-ups, and is expected to open in spring 2016.

J&J is launching the incubator in collaboration with the University of Toronto, MaRS Innovation and the government of Ontario. The province will invest C$19.4 million ($14.6 million) through the Jobs and Prosperity fund of the Ministry of Economic Development, Employment and Infrastructure. ...