A Chicago-based life science investment firm has announced its expansion into Houston.
Portal Innovations released the news today that it will move into 30,000 square feet of lab and oﬃce space in Texas Medical Center's new Helix Park complex's Collaborative Building. Helix Park is a 37-acre mixed-use campus currently under construction. The firm is expected to make the move in the secord quarter of next year.
Portal, along with its capital partners Beacon Capital and ZoE Life Sciences, is expanding into Houston to tap into the more than 4,800 biotech companies that are associated with TMC, per a news release.
“Houston is one of the fastest-growing cities in the U.S., and home to one of the world’s leading cancer research institutions, The University of Texas MD Anderson Cancer Center,” says Portal’s Founder and CEO John Flavin in the release. “It’s critical for us to open in Texas and leverage nearby pipelines from Rice University, UTHealth Houston, Texas A&M, University of Houston, Baylor College of Medicine, and others across Houston’s innovative life sciences ecosystem. We’re thrilled to work with TMC to help grow tomorrow’s biotech and medtech leaders.”
For TMC's community, the move means connecting Portal with its network of institutions for mentorship, events, networking, and more.
"TMC has steadily been building an innovation ecosystem in Houston through initiatives like the TMC Venture Fund, our incubator programs, and our global BioBridge relationships," says Bill McKeon, CEO of TMC, in the release. “In Portal, we have a partner with a proven track record of leveraging venture capital funding, expert partners, and strong programming to support dynamic, entrepreneurial businesses at pivotal moments of their growth. We look forward to building on our collective expertise and shared vision to further support the breakthroughs of early-stage life science ventures.”
The TMC3 Collaborative Building is the first completed building expected from the Helix Park development, along with the Dynamic One building anchored by Baylor College of Medicine. Both of which were originally slated to deliver later this year when the project details were revealed in 2022.
- Houston health care institution secures $100M for expansion, shares renderings ›
- Report: Houston to see highest concentration of medical office project completions this year ›
- Rising TMC development names Houston health care institution as anchor tenant ›
- TMC unveils details of new bioport, Helix Park at annual Greater Houston Partnership event ›
- Trending Houston innovation news - June 30, 2023 - InnovationMap ›
- UTHealth Houston breaks ground on Helix Park building - InnovationMap ›
- TMC forms BioBridge with the Netherlands - InnovationMap ›
- Texas Medical Center opens first building in massive Helix Park project - InnovationMap ›