For more than a decade, the New Orleans BioInnovation Center has worked to make its portion of Canal Street something entirely different from the retail corridor or hotel haven that it’s been for the last century.
The nonprofit business incubator, focused on life sciences, serves as a launching pad for innovative companies dreaming up the medicines and medical technology of the future.
While biotech hubs like Boston, San Francisco, San Diego and Raleigh-Durham, North Carolina, are home to thousands of startups, some with valuations in the billions, the New Orleans incubator has helped launch about 200 smaller-scale ventures since its inception.
Since June, three new biotech startups have signed leases for lab space at the incubator’s 66,000-square-foot headquarters.