Johns Hopkins Innovation Hub, FastForward East, Expanding
Baltimore, MD - In just three months, demand for lab and office space at the Johns Hopkins innovation hub, FastForward East, has exceeded supply. The FastForward program, designed to move academic findings through translational research into the commercial marketplace, was introduced to East Baltimore earlier this year in an interim facility in the Rangos Building at 855 N. Wolfe St. In that time, all of its offices and lab benches have been rented.
Currently, preparations are being made to expand FastForward East from 6,000 square feet to 25,000 square feet of office and lab space. This facility will be a part of a new seven-level, $65.6 million laboratory and office building development, 1812 Ashland.
"I am thrilled by the growth of FastForward, but we need to do more to meet the demand in the market for affordable space so that startups will start and stay here in Baltimore." says Christy Wyskiel, senior advisor to the president of Johns Hopkins University. "Now more than ever it is clear that we need to create economic opportunity and build out the resources to support this."
FastForward has an additional location in Baltimore in the Stieff Silver building near the university's Homewood campus, in addition to virtual assistance provided for those ventures that are not ready to move into their own space. The new FastForward East location will offer open, communal spaces that encourage spontaneous collaboration and impromptu cross-pollination of ideas. It will accommodate both early- and late-stage companies, with an aim to drive more economic development in Baltimore. Continue>
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