BioLabs LA incubator now home to 20 companies

BioLabs LA, celebrating its one year anniversary, is now home to 20 companies and 59 resident scientists that share lab equipment with an estimated value of $1.5 million. According to journalist Howard Fine, reporting in the Los Angeles Business Journal, “companies at BioLabs LA incubator have raised $31 million in the past year to fund R&D.” Additionally, nearly half of the member companies started in the Los Angeles area while others come from as far Asia and Australia.

Fine further reports that “BioLabs LA is housed in 18,000 square feet of space on the third floor of the 80,000-square-foot Lundquist Institute, formerly the Los Angeles Biomedical Research Institute, or LA BioMed. The institute is on the Harbor-UCLA Medical Center campus, which sits on unincorporated L.A. County land between the city of Carson and the community of Harbor Gateway; it uses Torrance as its official address.”

Read the article to learn more about the unique aspects of BioLabs LA and the companies it is home to.

Read the press release here.