MBI’s Proven Model of Business Support Services, Success, & Unmatched Affordability
As the Commonwealth’s 1st Life & Health Sciences Business Incubator, we have set the model since 2000
At MBI there are no shared facility fees, additional employee fees, maintenance fees, etc… The rent is the rent.
Due to specific needs of companies, we’ve found it more cost effective for companies to order exactly what they need and nothing more. We focus on real estate, so you can focus on your SCIENCE.
MBI requests a one year lease from all of its incubator tenants to prevent continuous lab turnover. Shorter term leases are evaluated on an individual basis. If at any time, the tenant outgrows their space and needs additional space, MBI will accommodate them with additional space as available. Following the year term, MBI works with companies to provide flexible terms to assist their continued growth.
We also require that tenants add “Special Cause of Loss” insurance to their existing policies. This policy protects your equipment and science in similar fashion to a renter’s policy for an apartment building. A sample of MBI’s inexpensive insurance requirements can be found here.
An endowment fund has been created through contributions from graduate tenant companies to subsidize the rents of our current tenants. MBI seeks a voluntary 1% equity agreement from each “seed” tenant company only if the company goes public or is sold. This endowment fund allows us to keep rents low for future tenants. The fund is used solely for the future development of expanded laboratory space, shared equipment, and the continued growth and success of future life science start-ups within our incubator facility.
MBI lab rentals include access to our Environmental Health & Safety Director, saving your business from hiring an outside consultant. Developing and maintaining a compliant program can be complicated, time consuming, and expensive, MBI’s EHS support program will guide you through the process efficiently and stress free to save you money.
MBI’s Health and Safety Program will assist you in:
MBI’s Process for Health and Safety Compliance
1. Assess Tenant Needs
2. Assist with Permits
3. Setup Vendor Contracts (Waste, PPE, etc…)
4. Develop Compliance Plans
5. Perform Employee Trainings
6. Periodic Audits & Inspections to Maintain Programs
7. Representation During Regulatory Inspections (If Applicable)
8. Assist with Permit Renewals
9. Assist Company with Company Specific Needs (Respirators, IBC’s, etc… as needed)
The MBI Health and Safety Program was developed to keep our tenants in compliance, focused on their science, and to minimize their initial overhead costs
I would like to commend MBI for their excellent Health and Safety program. Here at Janus Biotherapeutics we have worked with Michele Crawford to institute safe lab practices and to put in place the various state and city licenses necessary to operate a small biotech business. In addition the classes on safety that Michele conducts on a regular basis keep us up to date with regulations and safety issues. We have found Michele to be a pleasure to work with and have found her to very helpful and knowledgeable. This program, had we needed to institute one of our own, would have required an expenditure of time and money which is, as is the case in most startups, in short supply.
To learn more about MBI’s health and safety requirements, please fill out the MBI Prospective Tenant Interview form and submit to our Health and Safety Director, Michele at email@example.com. Michele will contact you to answer any questions you may have.