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Maryland Inno: BioPark developer launches program to address gap in lab space market

 The developer of one of Baltimore’s largest science complexes is launching a program aimed at keeping growing startups in the region.

Wexford Science & Technology plans to open Connect Labs, a combination of pre-built lab space, support services and office space, in the upcoming 4MLK building in West Baltimore. The company is reserving around 35,000 square feet of the 250,000-square-foot building for the initiative, enough space for around 20 companies. The tower is part of the University of Maryland BioPark, a research hub that includes tenants like BD Diagnostics Solutions and pharmaceutical company Gliknik.

The lab will try to address a gap in the market: the lack of spaces for companies that are too large for an accelerator but are not ready to build their own lab. This gap leads many companies to move to areas like Boston, which has more venture capital firms and office spaces.

Read the full story from Maryland Inno.