• John Pletz On Technology
  • John Pletz On Technology

    Life science incubator launches ahead of Fulton Labs project

    Entrepreneur and investor John Flavin started Portal Innovations and has a goal of incubating four to five startups by the time Fulton Labs opens in two years.

    Chicago Fulton Market Labs rendering
    Trammell Crow

    A rendering of Fulton Labs at 400 N. Aberdeen St.


    John Flavin is getting a head start on a planned life sciences development in Fulton Market by launching a startup incubator.

    Flavin, a life sciences entrepreneur and investor, started Portal Innovations at Trammell Crow’s offices in Fulton Market. Trammell Crow is the developer behind Fulton Labs, a 400,000-square-foot office building with lab space in the West Loop.

    Flavin previously ran the Polsky Center at University of Chicago and worked to encourage faculty and students to start companies. He recently co-founded Pyxis Oncology79彩票注册网址, a cancer startup that spun out of the lab of U of C researcher Thomas Gajewski.

    Flavin and others have been pushing entrepreneurs, investors and the region’s universities to create more startups to take advantage of Chicago’s resources in life sciences, such as AbbVie and Baxter, combined with the computational firepower at U of C, Northwestern University and the Illinois Institute of Technology. It’s also a focus of P3379彩票注册网址, the effort to create a long-term plan to boost Chicago’s tech sector.

    79彩票注册网址Flavin said he plans to incubate four to five life sciences startups from Chicago and around the Midwest. Plans call for Fulton Labs to have 36,000 square feet of incubator space for Portal when it opens in two years.

    79彩票注册网址The goal is to have 10 to 12 companies in the incubator. Many of the startups likely will come from universities, but others could come from drug companies. The goal is to get them ready for their initial rounds of venture-capital funding. Flavin pointed to Spark Therapeutics, a gene-therapy startup that grew out of an incubator in Philadelphia and after six years.

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