Children’s National and Johnson & Johnson launch JLABS @ Washington, DC
On April 9, 2019, Children’s National Health System and Johnson & Johnson Innovation LLC announced a collaboration to launch JLABS @ Washington, DC, a 32,000-square foot facility that will be located at the new Children’s National Research & Innovation Campus. The new site will serve as an incubator for pharmaceutical, medical device, consumer and health technology companies. The JLABS @ Washington, DC will be the first and only JLABS embedded in an academic environment with a strong pediatric focus. This new endeavor creates additional opportunities for Children’s National and Johnson & Johnson, together with partners, to shape the landscape of policy and funding to improve research and innovation in pediatric health care.
“The vision we pursued for this campus required a global innovation partner with a strong commitment to pediatric health and a clear understanding of the next big areas of opportunity for improving human health. We believe the JLABS model is exactly what is needed to help us drive discoveries that are then rapidly translated into new treatments and technologies,” said Kurt Newman, M.D., president and chief executive officer of Children’s National.
In addition to fast-tracking scientific innovation, JLABS will serve as a significant economic engine by creating new high-paying jobs in Washington, ultimately attracting venture investment in the region. An economic impact report suggests that the completion of the project will produce up to 110 permanent jobs and $150 million in revenue for the city by 2020. By 2030 the project will produce $6.2 billion in cumulative economic activity, 2,100 permanent jobs and $290 million in cumulative tax revenue for the district.
JLABS provides a continuum of innovators from first-time entrepreneurs to serial scientific founders representing diverse experiences across academic, startup, corporate, government regulators, funders and venture worlds.
“The best part of our collaboration with JLABS is facilitating speed to market for breakthrough therapies and technologies that are conceived in our region, including here in our own institution,” said Kolaleh Eskandanian, Ph.D., M.B.A., P.M.P., vice president and chief innovation officer at Children’s National. “I am excited that our partnership will unlock the untapped talent and great science in our region and bring better innovation to market faster with a strong focus on pediatric health.”
The facility will house state-of-the-art research labs and space for pediatric device development. This will expand Children’s National’s molecular genetic testing and biochemical analysis capabilities and enhance device development and computing infrastructure through collaborations with industry, universities, federal agencies and academic medical centers. “The selection of resident companies for the JLABS @ Washington, DC space will be done on a very competitive basis,” says Dr. Eskandanian. “Startup companies that qualify and are selected by JLABS will be offered laboratory and office space as well as mentorship.”
Read more about the partnership in the Washington Business Journal and watch an interview on WJLA with Dr. Newman.