NJEDA Rebrands Research Park as New Jersey Bioscience Center to Better Reflect Park’s Life Sciences Focus

Rachel Goemaat | New Jersey Economic Development Authority

North Brunswick, N.J. (June 6, 2019) – The New Jersey Economic Development Authority (NJEDA) today announced that it has rebranded its 50-acre research park in central New Jersey from The Technology Centre of New Jersey to the New Jersey Bioscience Center (NJBC) – North Brunswick. The new name more accurately reflects the park’s life sciences focus and the spectrum of companies located there.

Strategically situated in the heart of the state’s research corridor between Rutgers and Princeton universities, the NJBC campus offers a multitude of lab and office space options for companies at all stages of growth. Incubator, post-incubator, and independent research & development (R&D) space support the needs of entrepreneurial startups and rapidly-growing life sciences R&D companies, while build-to-suit lab and office sites accommodate larger, more-established biopharmaceutical businesses seeking to benefit from the research park’s prime location.

“From New Jersey’s highly-talented workforce to our ideal location and proximity to more than a dozen pharmaceutical giants, life sciences companies of all sizes are finding immense value in locating at our facilities,” NJEDA Chief Executive Officer Tim Sullivan said. “Rebranding the North Brunswick campus park under the New Jersey Bioscience Center umbrella will help us promote the research park’s available lab and office space to a national and international audience.”

The research park’s incubator and accelerator spaces have also been renamed to better align with the new brand. The incubator, formerly known as the Commercialization Center of Innovative Technologies and the accelerator formerly known as the Biotechnology Development Center are now respectively NJBC – Incubator at North Brunswick and NJBC – Step Out Labs at North Brunswick.

The 46,000-square-foot NJBC – Incubator offers 27 wet labs, the most of any incubator in the Garden State. Currently home to 20 businesses, the facility includes both small and large labs, as well as offices. Considered New Jersey’s leading life sciences incubator, the NJBC – Incubator also provides tenant companies with educational programs and a host of supporting resources, including help to identify funding sources and access to small business development resources, networking opportunities, and administrative support. Additionally, it offers discounted first-year rent for university drug-discovery spinouts. Startups moving to the NJBC – Incubator can apply for rent support through the NJEDA’s NJ Ignite program.

The NJBC – Step Out Labs at North Brunswick opened in June 2018 and offers intermediate lab and office space for companies that have outgrown incubator space and other early-stage companies looking to expand. The NJBC – Step Out Labs space targets all subsectors of the biotechnology industry, with the goal of serving graduates of the NJBC – Incubator and other well-funded startups that are ready for intermediate space. The NJBC – Step Out Labs currently has six tenants, including China-based Adlai Nortye, which chose its New Jersey location as its United States headquarters.

Read the full article here.

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