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ABI Labs Receives $13M for Expansion
Accelerator Biotechnology Incubator (ABI) Labs in Natick has secured $13.6 million from Rockland Trust to expand with ABI-LAB 3.
“ABI is excited to expand on our campus with the addition of ABI-LAB 3 and continue our mission to create an innovative community for small to mid-sized emerging life science companies,” said Gary Kaufman, COO at ABI Labs. “Our goal is to shorten the process of early stage and newer expanding companies by removing operational and financial obstacles.”
The expansion aims to create a hub for startups, facilitating growth by providing advanced lab space and resources. The project involves demolishing an existing motel and constructing a 34,831-square-foot research lab building, set for completion by November 2024 at 1350 Worcester Street, Natick MA. The facility will offer shared amenities like conference rooms and lounges.
- ◦Development
- ◦Financing
