Sunday, 23 September 2018

Take a look inside Johnson & Johnson's new startup incubator in NYC's SoHo neighborhood, that feels more like a rustic-chic coffee shop with jewel-toned couches

JLabs SoHoCharlotte Hu / Business Insider

Johnson & Johnson Innovation's Manhattan outpost of its startup incubator, JLabs, is the new kid on the NYC-health-tech block. 

First opened in June, JLabs host startups looking for a space to grow their businesses — whether that be developing drugs, coming up with new medical devices, or applying new technology to the world of healthcare. In addition to NYC, there are JLabs in San Diego, San Francisco, Toronto, Houston, Boston and Belgium as well as another planned in Shanghai. 

The incubators provide J&J, one of the largest pharmaceutical companies in the world, with a front-row view of what's happening at the startup level. Though J&J doesn't take an immediate stake in the companies, it does end up investing in some in the long-run. The relationship works like this: J&J will provide all the infrastructure, operation management, network, and programming, and the startups just have to bring new and innovative ideas.

It's part of J&J's plan of looking to the future and adapting to become more nimble as it evolves for the new generation of consumers

"We're the leading healthcare company," Kate Merton, head of the NYC and Boston JLabs, told Business Insider. "In the future we want to be the leading digital healthcare company."

Take a look inside JLabs' NYC digs, which with its coffee-shop vibes looked unlike any startup space we've ever seen. 

The 30,000-square foot facility is located on the 3rd floor of the New York Genome Center in New York's trendy SoHo neighborhood.

Charlotte Hu / Business Insider

Right when you come in, you see the investor hub, where incubator companies can meet with potential investors as well as mentors. This front of the house layout is the same in many other JLabs across the country, which are designed by architecture and design firm Gensler.

Charlotte Hu / Business Insider

On the wall next to the reception desk is a presentation of all the companies housed at JLabs. There are 25 presently. The companies living at JLabs have a wide-ranging set of interests and ideas – from Curie Co's biologic enzymes intended to replace abrasive chemicals in our cosmetics and drugstore products, to Nanowear's high tech undergarment equipped with sensors that can monitor heart conditions.

Charlotte Hu / Business Insider


See the rest of the story at Business Insider

See Also:

SEE ALSO: Mount Sinai teamed up with the designers who created projects for Nike and Beyonce to build a futuristic, new clinic — and it's reimagining how healthcare is delivered

DON'T MISS: Inside Flatiron Health's swanky, new NYC headquarters, where the cold brew coffee flows and the conference rooms give off a serious living room vibe



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