Portal Innovations Selected as Ocean State Labs Incubator Partner
- Editor
- Mar 31
- 1 min read
Whats Happening:
The Rhode Island Life Science Hub and Brown University have selected Portal Innovations to manage Ocean State Labs, a new state-of-the-art life science incubator in Providence. The 30,000-square-foot facility, set to open by the end of 2025, will provide critical infrastructure and support for early-stage life science companies in Rhode Island.
Key Moves:
Portal Innovations chosen to manage Ocean State Labs in Rhode Island
30,000-square-foot incubator to support up to 30 early-stage life science companies
Facility expected to be complete by the end of 2025
By The Numbers:
Ocean State Labs will provide over 30,000 square feet of space
Facility will support up to 30 startup companies
Initial three-year, $45 million investment in the Rhode Island Life Science Hub
Key Quotes:
"Ocean State Labs will serve a critical need in Rhode Island and beyond, providing more than 30,000 square feet of physical space for entrepreneurial businesses to be brought to scale to improve health outcomes," - Dr. Mark A. Turco, President & CEO of the R.I. Life Science Hub
"Getting in at the ground level with entrepreneurs across the region and working with the top-tier academic institutions across Rhode Island is a major milestone for Portal." - John Flavin, Founder and CEO of Portal Innovations
Bottom Line:
The selection of Portal Innovations to manage Ocean State Labs marks a significant step in Rhode Island's efforts to become a hub for life science innovation. This partnership aims to provide crucial support for early-stage companies, potentially accelerating the development of medical advances and scientific breakthroughs in the region.
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