Alexandria Real Estate Equities has announced the launch of the initial phase of the transformation of the 56-acre Research Triangle Park into the amenity-rich Alexandria Center® for Science, Technology and Agriculture - RTP ("Alexandria Campus").
According to their press release in PR Newswire, the new campus, located at 6 Davis Drive, is a first-of-its-kind in the RTP area. It will capitalize on RTP's heritage of and potential for continued discovery, collaboration and commercialization of transformational products to better humankind, as well as will fill an important need in RTP for critical infrastructure, sophisticated investment capital and creative amenities, while creating a vibrant community anchored by a hub for the intersection of science, technology and agriculture.
The first phase includes the opening of a unique real estate and start-up ecosystem concept, the Alexandria Launch Lab, that adds specialized office and laboratory space, increases access to first-class support resources, and shares scientific equipment and services, and immediately available capital.
Alexandria Real Estate Equities also has a strategic partnership with MedBlue Incubator and Duke University to further enhance and grow the local innovation ecosystem in RTP.
"We are delighted to collaborate with MedBlue and Duke as part of this first phase of our plans for expanding and supporting the important, transformative science, technology and agricultural innovation in RTP," stated Joel Marcus, founder, chief executive officer, and chairman of Alexandria Real Estate Equities, Inc.
"The Triangle has a long history of launching exceptional companies in these sectors, and our rich history of creating and growing premier clusters make this effort highly synergistic. We are excited to bring Alexandria LaunchLabs to RTP to fill an unmet need for access to more resources for emerging-stage companies," added Marcus.
"Additionally, co-location with other emerging-stage companies - MedBlue, Alexandria Venture Investments and Accelerator Corporation - will provide a collaborative ecosystem in which tenants will be able to further assist one another in identifying resources and sharing best practices. With RTP's excellent academic and medical institutions, venture capital support and entrepreneurial ideas, these initiatives are only the beginning of the opportunities to further facilitate and support life-changing innovation in this important cluster," stated Marcus.