(508) 797-4200
About Us
Mission Statement
Massachusetts Biomedical Initiatives (MBI) is dedicated to job creation and retention throughout Massachusetts by promoting the growth of start-up biomedical companies. MBI is committed to collaborating with the academic, business and government communities to promote Massachusetts as the world leader in the life & health sciences industry.
Implementation Statement
MBI offers support to creative entrepreneurs with sound scientific business plans. Through its Incubator facilities located in Worcester, MBI lowers the barriers to success for emerging companies by providing cost effective, high quality laboratory and support services.
Description
MBI is a private, independent economic development organization that serves as a catalyst for life science and healthcare innovation. We help start biomedical companies and create jobs within the Biotechnology, Medical Device, Informatics, and Biomanufacturing industry by providing secure, clean bench and sink surface, staff trained and fully licensed laboratory space for usage by “seed stage” companies. Building and maintaining collaborative affiliations and partnerships are essential to our success.
Our Team
Jon Weaver, M.B.A.
President & CEO
Phone: 508-797-4200, ext 4
Zu Shen, Ph.D.
Vice President & Leasing Contact
Phone: 508-797-4200, ext 3
Karri Freeland
Manager of Administration & Accounting
Phone: 508-797-4200, ext 1
Michele Pitoniak-Crawford
Health & Safety Director
Phone: 508-797-4200, ext 5
Jason Bundey
Facilities Manager
Phone: 508-797-4200, ext 2
Board of Trustees
Officers
Trustees
History
Celebrating Over 35 Years of Commercializing Science & Creating Jobs
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In 1985, MBI’s Board of Trustees embarked on a strategy to fully develop the potential of Massachusetts Biomedical Initiatives as a public/private partnership for accelerating health and life science commercial development. In doing so, they built upon the potential of the strong commercial and academic base in Massachusetts and the promise of the UMass Medicine Science Park development within the central part of the state.
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In 1987, Massachusetts Biomedical Initiatives formed a venture capital arm, Commonwealth BioVentures Inc. (CBI). CBI invested over $8 million of public funding and over $50 million of private money in new technology driven companies, before focusing on incubation in the late 1990’s.
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Over the years, MBI has developed eight major innovation centers and currently operates four totaling over 50,000 SF. By the year 1996, the company had helped establish 20 new companies and helped expand the Biotech cluster in Worcester County.
Since the year 2000, MBI has helped to create 117 companies and over 550 jobs – the majority of which remain in Massachusetts and Worcester County. It is estimated that, since inception, MBI has assisted over 150 companies and created over 2,500 jobs.
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MBI has developed a proven model of success in aiding startup companies commercialize science. MBI has served as a national model for leveraging public sector funds with private sector investments to fuel economic development.
1989 – 2013
1 Innovation Drive
10,000 SF / 10 Labs
1995 – 2000
Roxbury, MA Facility
20,000 SF / 15 Labs
2000 – 2007
Winthrop Street
20,000 SF / 15 Labs
2000 – Present
100 Barber Ave
8,000 SF / 13 Labs
2007 – Present
60 Prescott Street
Gateway Park
7,500 SF / 13 Labs
2011 – 2017
55 Union Street
Redstone Center
4,500 SF / 5 Labs
2012 – Present
50 Prescott Street
Gateway II
10,000 SF