NEW INCUBATOR TO JOIN JUPITER’S BIOTECH HOTSPOT

Published Wednesday, December 18, 2019 4:24 pm

 

 

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

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.

 

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-

Investors

#1 Palm Beach County Board of County Commissioners Aerojet Rocketdyne Bank of America Bank United Baptist Health South Florida
Caler, Donten, Levine, Cohen, Porter & Veil, P.A. CareerSource Carrier DePuy Synthes Power Tools, a Johnson & Johnson Company Equestrian Center
Florida Crystals Corporation FPL Greenberg Traurig Gunster Hardrives, Inc.
HCA Palm Beach Hospitals Hedrick Brothers Construction Hospital for Special Surgery J.C. White JP Morgan Chase
LRP Publications Martens Group Minto Communities, LLC NCCI Nova Southeastern University
Palm Beach Aggregates, LLC Palm Beach Park of Commerce PNC Bank Pratt & Whitney (A United Technologies Company) Raymond James Financial Services/Boynton Financial Group, Inc.
RSM South Florida Business & Wealth Magazine South Florida Business Journal Stiles-Nicholson Foundation TD Bank
Tortoise Properties Wells Fargo & Company Wexford Capital