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Discovery Labs is developing a $500 mnlife sciences and technology coworking community in King of Prussia

1.6 Million Square Feet of Collaborative Lab, Office and Lifestyle Space; the World's Largest Coworking Community

The First of a Global Network of Massive Coworking Communities Designed to Attract the Best and Brightest Employees of Today

 

The Discovery Labs, a platform company formed byMLP Ventures, announced atBIO 2019 that it isredeveloping GlaxoSmithKline's one million square foot Upper Merion West Campus and the 640,000Innovation at RenaissanceCampus inKing of Prussiainto a coworking ecosystem for healthcare, life sciences and technology-enabled companies in the country.

 

"The Discovery Labs is 20 times larger than the average coworking space, such as WeWork, and provides the mission critical infrastructure needed to operate healthcare, life sciences and technology-enabled companies. The size of each Discovery Labs enables enterprise level companies to work side by side with startup and emerging companies and enjoy the benefits of the coworking phenomenon," said Audrey Greenberg, Chief Financial Officer, The Discovery Labs. "It is the first of a network of massive coworking properties which will encourage powerful, collaborative innovation on an international scale."

 

The Discovery Labs represents the first, large-scale coworking lab for innovation of its kind, where the best and brightest minds in healthcare, life sciences and technology-enabled industry rub shoulders with one another to create energy, driving innovation in one massive, team-oriented workspace. The Discovery Labs encourages planned and impromptu meetings among CEOs and employees to spark creative thinking and a free exchange of ideas.

 

At the heart of the community is IQ Connect, The Discovery Labs incubator, a partnership with The Pennsylvania Biotechnology Center, one of the most successful incubator operators in the world. IQ Connect is a 100,000-square-foot business incubator and laboratory, which brings together researchers, entrepreneurs and product development startups, along with human resources, venture capital, investment banking and other business services to pursue discovery and development of transformative scientific, life sciences, tech-enabled industrial, venture and consumer products.

 

"The Pennsylvania Biotechnology Center has a strong track record of growing successful new companies through our unique combination of resources and professional support. We are excited to expand our model to The Discovery Labs to build an environment that nurtures entrepreneurs and brings new discoveries to market," saidLou Kassa, Senior Vice President and Chief Operating Officer of The Pennsylvania Biotechnology Center.

This first Discovery Labs inKing of Prussiais the prototype for a global rollout of The Discovery Labs.

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