City Innovation Collaborative to be anchor-tenant at Janus Property Co.’s Taystee Lab building
New York, NY The Janus Property Company has chosen the Taystee Lab building in West Harlem to be the new home of the City Innovations Collaborative (CInC). CInC is a new regional innovation engine created by the City College of New York and the Foundation for City College, Inc. to seed, cultivate and sustain a thriving regional life science ecosystem. CInC will be an anchor-tenant at the Taystee Building, located adjacent to City College and within the innovation triangle shared with Columbia University and the New York Structural Biology Center, and will support commercialization for several new ventures concurrently.
CInC will provide entrepreneurs and CCNY students with access to advanced infrastructure, instrumentation, and maker spaces, where they can test high-risk commercialization and translational ideas in a low-risk environment. CinC and its stakeholders will offer a broad range of programming to support the acceleration of new life science products and ventures.
The initiative is anticipated to contribute positive long-term impact for the region’s life science industry.
“CInC was created to expand the CCNY/CUNY innovation ecosystem,” said senior director of innovation management and business development Andrew Wooten, who is also president of CInC, “and will be a collaborative model with resources provided by many diverse stakeholders including universities, government, industry, investors, foundations, entrepreneurs, and patient advocacy groups. The resources required for innovation development are very specialized by stage of development and class of product and very significant. No single organization can do the work alone.”
Over the first 10 years it is estimated to catalyze:
• Acceleration of 150 new medical technology products.
• Creation and/or attraction of over 100 new life science ventures.
• Creation of over 1400 well-paying life science jobs in Greater Harlem.
• Deployment of over $290 million in seed/venture capital.
• Training/employment of over 275 fellows and interns.
CinC is the newest of the impactful life sciences initiatives to call the Manhattanville Factory District home and joins numerous research, academic, for-profit and not-for-profit ventures already located in this growing innovation triangle between the District, City College and Columbia University. Janus’s properties in the district alone total approximately 1.4mm rsf of space developed and under development. Additionally, a new hotel and luxury rental units are currently being completed adjacent to the Taystee Building.
In addition to the funding that Janus is providing, CInC is the recipient of funding from both NYC Economic Development Corp., as well as a recently announced Empire State Development grant for $4.5mm. The grant, announced by Governor Kathy Hochul, is the final component needed to complete this complex innovation facility.
Previously, governor Hochul cut the ribbon at the opening of the Factory District’s $700 million Taystee Lab Building, an 11-story, 350,000 rsf lab building that will be home to CinC in the innovation triangle of the 125th Street arts and innovation corridor. New York State has also supported he growth of Harlem Biospace, one of New York’s leading incubators across the street from the Taystee Lab building with proximity to the academic institutes of Columbia University, CUNY’s City College and the New York Presbyterian medical campus. Through its support of projects like Harlem Biospace II and the Taystee Lab Building, New York is expanding its ability to commercialize research and spur the growth of a world-class life science industry in New York City and across the State. With strategic investments, New York State fuels the creation of cutting-edge advancements in biopharmaceutical, device and diagnostic research, development and manufacturing, and New York City is home to the innovative biomedical research companies that drive the thriving life-science industry in New York State.
“We’re deeply grateful for our partnership with Janus, and for the confidence the NYC EDC and the governor have shown in our work,” said City College of New York president Vincent Boudreau. “This grant will allow us to embark on a project of high strategic importance to the college: building the capacity to deliver vital research in the life science to society in the form of medically useful innovation.” I am pleased that our team, including assistant professor of Biomedical Engineering, Jeffrey Garanich, who directs our Master’s degree program in Translational Medicine (MTM), vice president and senior advisor to the president, Dee Dee Mozeleski, the College’s academic leadership, NYC EDC, NYS REDC, the Janus Property Company, New York Presbyterian, Columbia University Medical Center and other regional stakeholders have been able to achieve this important milestone towards the realization of our shared vision.”