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Thermo Fisher’s sponsorship of Momentum Labs is intended to support biotech businesses in the greater Gainesville region.
Thermo Fisher Scientific recently announced that it had become a founding sponsor of Momentum Labs, a collaborative laboratory and office space to be located in Alachua, Fla. The venture, spearheaded by Gainesville real estate development firm Concept Companies, is designed to serve as a collaborative space for biotech businesses in the greater Gainesville region.
According to a Jan. 12, 2023 company press release, the north central region of Florida is home to more than 100 life sciences companies, but lacks the flexible growth space to help emerging companies succeed. Momentum Labs is intended to fill this gap, providing life sciences companies the ability to scale up without moving to other markets.
“From a regional and state perspective, Momentum Labs provides critical infrastructure and business development resources to support the growth of life sciences in Florida, giving the ecosystem the opportunity to retain companies rather than losing them to other communities,” said Abhinav Akhoury, vice-president, corporate accounts, Thermo Fisher Scientific, in the release. “Through our sponsorship, Momentum Labs has the ability to provide the latest innovative technologies to high-growth life science companies that are developing tomorrow’s life-changing medicines.”
“It’s challenging for growing companies to stay ahead of their space needs,” said Brian Crawford, CEO, Concept Companies, in the release. “Not only is there a large expense for all the equipment needed, but there are also often extraordinary lead times associated with the acquisition and installation. Partnering with Thermo Fisher Scientific gives us the ability to offer the latest innovative instrumentation and equipment to our members allowing them to leverage their capital for growth.”
Source: Thermo Fisher Scientific