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140 Worcester Business Journal | Book of Lists 2019 | wbjournal.com F O C U S G E N E R A L I N T E R E S T Incubators in Central Mass. Ranked by no. of incubating companies No. of incubating companies Equipment/ services Graduates Head of incubator Year founded 1 Massachusetts Biomedical Initiatives (MBI) 60 Prescott St., Worcester 01605 508-797-4200 • massbiomed.org 40 Lab space with biosafety cabinets and chemistry fume hoods, autoclaves, centrifuges, deionized water, glasswashers, ice machines, fridges, freezers and CO2 incubators/ Health and safety, business support, mentoring and referral services ProFoldin (2018), BioChron (2018), Clock Coach (2018), A Chemtek Inc. (2018), Atoxin Biotech (2018), Welgen, Inc (2017), LBS (2017), AzzTek LLC (2017) (a) Jon Weaver president & CEO 1985 2 ABI Lab 27 Strathmore Road, Natick 01760 508-650-6218 ext. 214 • www.abi- lab.com 18 Diagnostics lab, cell culture, microbial fermentation, high performance liquid chromatography centrifuges, plate reader, chem-deck/ Cell-based assay, biomarker analysis, molecular biology, protein purification First class yet to graduate Raphael Nir Gary Kaufman managing partners 2016 3 Worcester CleanTech Incubator (WCTI) (b) 44 Portland St., Worcester 01608 508-425-7177 • wcti.org 15 Office and lab space with prototyping lab, electronic development equipment, 3D printers, laser cutter, CNC machine, color plotter, 12-foot ceiling, freight elevator, loading dock/ Amazon Web Services (AWS) activate partner (up to $5,000 in free AWS credits), 1-year free solidworks, legal and accounting office hours, mentorship, investment introductions, contract manufacturing partners IdleSmart, OpenCity, Intelligen.Energy, CTO Services Larry Genovesi executive director 2015 4 Tufts Biotechnology Transfer Center (TBTC) (c) 200 Westboro Road (Route 30), North Grafton 01536 508-887-4734 • vet.tufts.edu/ research/research-environment/ facilities/tufts-biotechnology- transfer-center 6 Lab and office space for early and pre-clinical stage life science companies; chemical fume hood, autoclave, conference room, university library, Tufts' faculty expertise/ Accredited pre-clinical services, BSL-3 capability, diagnostic imaging and pathology services IDEXX Veterinary Services, GTC Biotherapeutics, Securos, Stryker Biotech, Aeris Therapeutics, BioBoston Contract Laboratories/Boston Biokeys, Battery Resourcers (2017), OncoTherapeutica (2017) (d) Joseph McManus executive associate dean 1997 5 Massachusetts Medical Device Development Center Worcester (M2D2) 55 Lake Ave. North, Worcester 01655 508-856-2511 • uml.edu/Research/ M2D2/ 4 Office space and conference rooms, private and co- working wet lab space; access to UMass engineering, research and medical facilities/ Help with business development, engineering, design and clinical pathways First class yet to graduate Nate Hafer M2D2 co-director 2017 6 Southbridge Tech Incubator 114 Pleasant St., Southbridge 01550 774-200-9061 • southbridgetechincubator.com 2 Tools for medical device and other tech product development and prototyping; fully-equipped mechanical, electronic and optical labs; clean room with flow hoods, video microscopes, light curing equipment, oven, vacuum; machine shop with 3D printer; conference rooms with 4K video/ Free mentoring and access to advisors, consultants, subcontractors and suppliers First class yet to graduate Randal Chinnock founder & director 2019 7 Wachusett Business Incubator (e) 205 School St., Gardner 01440 978-410-9250 • wachusettincubator.com 1 Offices, web access, conference room, comfortable lunch break area, free parking/ Executive director available for quick support, network of experienced business advisers and relationships with other businesses; members become members of Greater Gardner Chamber of Commerce with access to its services First class yet to graduate Daniel Farley executive director 2017 8 ABI Lab II 22 Strathmore Road, Natick 01760 508-650-6218 ext. 214 • www.abi- lab.com Opening Dec. 2019 with space for 47 companies Diagnostics lab, cell culture, microbial fermentation, high performance liquid chromatography centrifuges, plate reader, chem-deck/ Cell-based assay, biomarker analysis , molecular biology, protein purification N/A Gary Kaufman Raphael Nir managing partners 2019 Source: Each incubator via survey Note: Incubators may include co-working facilities and makerspaces as part of their offerings, and companies are intended to graduate from an incubation period. Worcester's Armory Business Center, a manufacturing incubator, is expected to open in summer 2019. N/A = not applicable (a) More than 60 graduates since 2001 (b) Owned and operated by the Institute for Energy and Sustainability (c) Located in the research quad of Cummings School of Veterinary Medicine (d) 24 graduates since 1997 (e) Data from November 2018 - Compiled by: Stephanie R. Meagher, smeagher@nebusinessmedia.com Note: Boston metro area includes parts of southern New Hampshire. Source: PitchBook Worcester's VC shortage Massachusetts gets more venture capital funding than any state other than California and New York. In recent years, only 1% has flowed to Worcester County. WORCESTER COUNTY 5-year total (2014-2018) Total investment (in millions): $445.8 Deal count: 57 BOSTON METRO AREA 5-year total (2014-2018) Total investment (in millions): $40,799.8 Deal count: 3,246 MASSACHUSETTS 5-year total (2014-2018) Total investment (in millions): $41,379.6 Deal count: 3,316