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Expert Insights - The Growing Lab Incubator Market

Author: Aaron Jodka

By Aaron Jodka | June 2020

Expert Insights_ABI LAB_masthead

Expert Insights_Aaron JodkaGreater Boston’s life science market has been thriving and will continue to. Growth has occurred all over the region, creating opportunities throughout the market. Demand for space is coming from large and small tenants alike, from build-to-suits to incubators. We recently talked with Chief Operating Officer Gary Kaufman at ABI-LAB about his insights on the life science incubator market.

Gary, can you give us a bit of background on yourself and your business?ABI LAB bubble
I serve as Chief Operating Officer at ABI-LAB. We are a bio-incubator located in Natick, MA, where we like to say, “You can move in today and start your science tomorrow.” Along with my partners, we are not just building operators but are also angel investors in biotech ventures. We take a very long-term approach to investing and truly care about the success of our residents. Regarding my own background, I have been an entrepreneur for over 30 years, with expertise in consumer-related businesses ranging from residential and commercial real estate to automotive and consumer vending. In addition, I co-founded and serve as vice chairman of the Metrowest Life Sciences Network, an organization whose mission is to foster awareness of and promote professional networking opportunities among the region’s scientific and entrepreneurial ecosystem in the Metrowest region. I have a BS in Management Science from Bridgewater State College, with advanced studies at Tel Aviv University and Harvard University.

What are you hearing from clients today?
Our residents want to get back to operations full-time. During the crisis we never closed, but many companies went to 50% staffing, which delayed many of their research results. We have had a few folks sign leases recently, leaving Cambridge not just to save on rent but to allow their team to spread out and do their research.

How is ABI-LAB set up to adapt to a post-COVID-19 working environment?
We have been ahead by two weeks of most of the new operating procedures being implemented by many companies now. We have had zero positive cases due to our aggressive cleaning and sanitizing of our buildings, as well as our visitor and delivery policies, which were implemented in early March. Of course, when all of your residents are highly trained scientists, you get up to speed very quickly on the virus and how to stop it.

What options are available to tenants today and in the future?
Our ecosystem starts at eight-foot bench rentals and allows residents to move to small dedicated spaces, or larger dedicated spaces all the way up to 15,000 SF customized buildouts. We help customers grow and be successful. I attached a couple of short videos you may enjoy watching.

https://www.forum.mortarr.com/form-function-and-art

https://drive.google.com/file/d/1jwFGJO7uvOwZ4e8QvZ2fXePaRlitRc-T/view

Do you expect there to be a fundamental shift in demand going forward? 
Yes, we expect the crowds in Cambridge and the Seaport to gravitate to the suburbs quickly as their leases run out, or maybe when the buildings can’t open fully due to new rules, they may break their leases and look elsewhere to lease space so that their employees can distance while doing their experiments. Lab work can’t be done at home on the laptop in your basement.

How can people get in touch with you?
My cell is 617-721-0785 or my e-mail is Gary@abi-lab.com.

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Meet ABI-LAB (Source: abi-lab.com)

Affordable Lab Space

Affordable Lab Space

The rising cost of real estate and limited availability of lab space can be a major barrier for launching a company. ABI-LAB offer an affordable, convenient alternative in the heart of one of the world’s largest life science clusters. Our mission is to facilitate the growth and success of our entrepreneurs. We do this by creating a vibrant collaborative community and offering affordable, move-in-ready lab space.

Accelerated DiscoveriesAccelerated Discoveries

We strive to support our residents in any way we can. To ensure that no matter what you’re working on, you’ve got the very best tools at your fingertips, including access to cutting-edge equipment, on-site pre-clinical services, and shared amenities, so you have the tools to get started and the space to grow.

Resources to Succeed

 

Resources to Succeed
It’s not just about affordable lab space; it’s about being around like-minded people, ideas and talent. We also offer residents other advantages that come in the form of intangibles, such as mentoring, business resources, exposure to potential partners and investors, and a lecture series. Everything you need so you can devote your energy to what really matters — innovation.

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