News

NEW INCUBATOR TO JOIN JUPITER’S BIOTECH HOTSPOT

December 18, 2019 – On Wednesday, Ray Graziotto, President and CEO of Seven Kings Holdings, Inc., announced that they have acquired the rights to create a life sciences incubator in the Institute for Healthy Living building in Jupiter, Florida.  Modeling after other successful incubators, the space will offer flexible lease terms and walking-distance access to Florida Atlantic University’s Jupiter Campus. The incubator will focus on enhancing efforts to grow indigenous companies, resulting in long-term, sustainable benefits such as diversifying and growing the overall economy, thereby spinning out companies that will create high-paying jobs.  Seeking advice on how best to support the incubator, the BDB hosted a meeting between Mr. Graziotto and the BDB’s Life Science Advisory Council.

(Photo: Ray Graziotto with the Business Development Board’s Life Science Advisory Council, announcing a new life science incubator)

 

WHAT THIS MEANS FOR PALM BEACH COUNTY:

  • New life science incubator is on the horizon
  • Located at 650 Pioneer RD #5, Jupiter, FL 33458
  • 25,000 s.f. of space currently being transformed
  • Accommodate approximately 50 researchers, in addition to anchor companies
  • Creation of four high salary jobs
  • Filling a critical step in the ecosystem per BDB’s Life Science Industry Action Plan
  • Offer flexible lease terms for early stage life science companies
  • Walking-distance access to FAU Jupiter’s Campus
  • More lab space coming to the bioscience community
  • More research-specific space to attract research, biotech and life science tenants
  • Life Science entrepreneurs will have space, capital, support services, talent, and academic partners
  • Deluge Biotechnologies will be a future tenant, along with a handful of others that have expressed intent to commit.

 

This was announced at the BDB Life Science Advisory Council meeting, a group brought together by the Business Development Board to grow the life science industry. The meeting included leaders from sectors such as:

  • Allele Capital
  • Biorasi
  • Business Development Board
  • Clearway Global
  • DeLuge Biotechnologies
  • Florida Atlantic University
  • Florida Blue
  • Guide Wellness Innovation
  • HCA Hospitals PBC
  • JP Morgan Chase & Co.
  • Max Planck Institute
  • Palm Beach Atlantic University
  • Palm Beach County
  • School District of PBC
  • Scripps Florida
  • Seven Kings Holdings
  • Southeast BIO
  • Truist

 

-BDB-