The initial StartUp & ScaleUp projects, which opened in mid-2020 and included 28 lab spaces, were fully occupied within 10 months and have already served 26 companies that have raised nearly $150 million and created 111 jobs in the past two years.
At the time of the “breakthrough” event, MBI also announced that it purchased the 50,000 square foot building and an adjacent 7,000 square foot building from the Coghlin family as part of MBI’s long term commitment to fostering the life sciences industry in Central Massachusetts. The unique StartUp & ScaleUp model at MBI bridges the gap between incubator and commercial market spaces for early-stage, growing companies, freeing up space in the incubator for new, promising companies to enter the pipeline. By adding additional capabilities to support early clinical stage companies, the expansion will help more startup companies bring products to patients and build on Worcester’s growing biomanufacturing market.
From MBI to Polar Park to the Reactory, Worcester and its surrounding communities remain a central anchor to Massachusetts’s thriving life sciences ecosystem.