What is Gateway Park?

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What is Gateway Park?

• Gateway Park is not about real estate or lab
  space.
• Its about creating a destination where life
  sciences companies can flourish
• And where scientists, scholars, students, and
  entrepreneurs can live and prosper.
• Gateway Park is about making space for genius.

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The Gateway District
Gateway Park, LLC Joint
venture between WPI and Worcester Business
Development Corporation (WBDC)
Plan for the Overall 55-acre Gateway District
Development and its vicinity
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Massachusetts Symphony Orchestra Performing at
Institute Park (Gateway District)
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A closer look

• Completed Structures
• 1. The WPI Life Sciences and Bioengineering
  Center
• 2. Parking garage (660 spaces)
• Next Phase
• 3. Retail space/graduate housing
• 4. Loft condominiums with adjacent parking
• 5. Commercial space available (80K sq. ft.)
• 6. Commercial space available (100K sq. ft.)
• 7. Commercial space available (80K sq. ft.)
• 8. Commercial space available (140K sq. ft.)
• Surrounding District
• 9. Worcester Art Museum
• 10. United Congregational Church
• 11. Medical office building
• 12. Tuckerman Hall
• 13. North High Garden Condos
• 14. Massachusetts National Guard
• Military Museum
• 15. Worcester Boys Club

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Our Neighborhood

• Gateway Park is less than a mile from several
  restaurants, hotels, and attractions.
• Restaurants, hotels and attractions within
  walking distance
• Northworks Bar and Grille
• Maxwell Silvermans
• Seven Hills Gourmet Bistro and Bar at the Crowne
  Plaza Hotel
• Goats Head Pub located on the WPI Campus
• Luckys Café gt Institute Park
• Worcester Art Museum gt Tuckerman Hall
• Others nearby
• The Sole Proprietor Seafood Restaurant and Bar
• The Boynton Restaurant
• Tweeds Pub
• Pizzeria Uno at the New Hilton Garden Inn
• Shrewsbury Street (VIA Italian Table, 111 Chop
  House, Zipango Sushi Bar, etc)
• DCU Center
• Mechanics Hall

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The WPI Life Sciences and Bioengineering Center
at Gateway Park (LSBC)
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LSBC The first building completed at Gateway
Park

• Completed April 2007- on time and on budget
• 124,600 square feet four stories
• 50M investment by WPI
• Home to the following WPI Departments
• Biology and Biotechnology (BBT) gt Biomedical
  Engineering (BME)
• Chemistry and Biochemistry (CBC) gt Chemical
  Engineering (CHE)
• WPI Interdisciplinary Research Groups (Centers)
• Tissue regeneration and stem cell biology (BBT,
  BME)
• Tissue mechanics and mechanobiology (BBT, BME)
• Plant systems (BBT, BEI, CBC)
• Molecular nanotechnology and molecular sensors
  (BEI, CBC, CHE)
• Applied molecular genetics (BBT)
• Advanced technologies in biological imaging and
  sensing (BME, BEI Center for Untethered
  Healthcare, ECE, ME)
• Cellulosic biofuels (BBT, CBC) ethanol gas made
  from non-food sources
• Bioengineering Institute (BEI), an
  interdisciplinary organization dedicated to
  turning life-sciences technology into workable
  products

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LSBC The first building completed at Gateway
Park

• Massachusetts Biomedical Initiatives (MBI) -
  (Kevin OSullivan), a successful independent,
  tax-exempt incubator that supports the founding,
  growth and expansion of biotechnology and medical
  device companies
• Bioprocessing laboratory (Alex DiIorio)
• Headquarters for WPIs Corporate and Professional
  Education Programs
• WPIs Corporate and Professional Education
  Department is currently retraining 20 of our
  non-exempt technical employees in biotech
  operations at their Worcester facilitiesIn the
  near future we are hoping to build upon this
  experience in order to provide training for our
  chemical engineers and chemists to provide them a
  smooth transition into the biotech field using
  what I believe to be very transferable skills.
• William J. Allen, Process/Project
  Engineering Manager, Polaroid Chemical
  Operations Division
• Also in Gateway District, ECI Biotech (Mitch
  Sanders), a leading-edge company engaged in
  research and development of new antibody
  detection technologies
• 100 seat state-of-the-art auditorium Internet
  café (p) conference rooms, etc. for use by
  companies in the Park
• Courtyard by Marriott (plans to expand and add
  larger conference facilities)

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Companies housed in the LSBC

• Blue Sky Biotech
• RXi Pharmaceuticals
• Massachusetts Biomedical Initiatives (MBI)
• Biocytogen gt VivoPath
• BioTechnic Products gt Targeted Cell
  Therapies
• CellMosaic
• The WPI Bioengineering Institute (BEI)
• Active Surface Technologies
• CellThera
• Advanced Body Sensing

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• MBI Incubator at Gateway Park
• The MBI Incubator at Gateway Park is a
• joint partnership between MBI and WPI.
• The incubator, located on the ground floor of the
  newly constructed WPI Life Science's building
  houses laboratories, shared equipment and offices
  for up to six start-up biomedical companies. This
  collaboration will specifically identify and
  capture academic and science related research and
  transfer these discoveries into commercial based
  company formations and jobs.
• MBI has built out and operates the facility.
• Further technology growth is also envisioned
  within the Park as MBI "graduate" incubator
  companies grow into larger space requirements
  thus providing further employment opportunities
  within our burgeoning Central Mass regional
  biomedical industry.
• Current MBI Tenant Companies at MBIs Gateway
  Park Facility
• Biocytogen gt VivoPath
• BioTechnic Products gt Targeted Cell
  Therapies
• CellMosaic

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What life sciences CEOs want.Found at Gateway
Park!

• Space
• Five life sciences buildings totaling 550,000
  square feet of flexible, adaptable lab space
  designed to meet the needs of research
  organizations (rent 20-35 per sq. ft. versus
  45-95 in Boston/Cambridge) (1)
• Buildings designed to provide cutting-edge IT
  infrastructure (hard-wired as well as high-speed
  wireless access), complete redundancy of power
  sources
• City of Worcester regulations support biomedical
  and technical research. Smart buildings are
  designed to meet environmental and waste disposal
  needs
• Support Infrastructure
• A smooth, expedited permitting process (90 days
  average in Worcester, 3 years in
  Boston/Cambridge). (2) Worcester first
  community to opt in to Massachusetts 43D
  permitting legislation.
• Worcester is an Economic Development Incentive
  Program Economic Target Area (ETA) State tax
  incentives, 5 investment tax credit for
  equipment, municipal tax incentives
• The Massachusetts Opportunity Relocation and
  Expansion (MORE) Jobs Program
• 1B Massachusetts Life Science Initiative
  various funding opportunities
• Gateway Park anchors the 1st Massachusetts
  Growth District
• Clinical trial/FDA support through professionals
  at UMass Medical and other area hospitals
• Services facilities design, workforce education,
  clean room maintenance, hazardous waste removal,
  gowning and garb services, instrument testing,
  glass wash, legal, accounting
  
  

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What life sciences CEOs want.Found at Gateway
Park! (continued)

• People
• Home to a highly-educated workforce of
  professionals in science, technology, and
  management with 25 lower salary expectations
  than Boston/Cambridge(3)
• World-class faculty researchers with valuable
  intellectual property
• Craig C. Mello, Ph.D., UMass Worcester Winner of
  the 2006 Nobel Prize in Physiology or Medicine
• Rich pool of highly educated research assistants
  and lab technicians to help accelerate ideas and
  innovations
• Continuum of training in Worcester WPI
  partnership with K-12 programs, Massachusetts
  Academy of Mathematics and Science at WPI, new
  Worcester Technical High School (entire Academy
  focused on life sciences), vibrant community
  colleges, world-class colleges and universities
• Affordable, superior quality of life lower
  housing costs, etc.
• 20 cultural attractions in close proximity
  Hanover Theatre, Worcester Art Museum, Mechanics
  Hall, Higgins Armory Museum, etc.

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What life sciences CEOs want.Found at Gateway
Park! (continued)

• Location
• Commute west in morning east in afternoon. 15
  minutes from Rt. 495
• Intersection of I-290, I-190 (Bristol-Myers
  Squibb). Route 9 UMass Medical three (3) miles
  away.
• Highly accessible airports
• TF Green International (Providence) 40 minutes
  away
• Bradley International (Hartford/Springfield)
  one (1) hour away
• Logan International (Boston) one (1) hour away
• Manchester Regional (Manchester) 80 minutes
  away
• Rail station completely refurbished and restored
  increased service from Boston
• Access to Capital
• New Worcester-based angel investor fund, Boynton
  Angels Close relationships with venture
  capitalists who understand the power and
  potential of life sciences research and
  engineering technology
• WPI Venture Forum WPI/UMass contacts MBI
  partnership
• MassDevelopments Emerging Technology Fund
• 35 million fund provides loans up to 2.5
  million and guarantees of up to 1 million to
  finance investment in real estate and equipment.

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Central Massachusetts - tremendous opportunities

• Central Massachusetts was identified as one of
  the few areas in the US with the resources to
  emerge as bio/life sciences industry leader. (4)

One of the main reasons Bristol-Myers Squibb
chose to locate its new 1B bio-processing
facility in Central Massachusetts (Devens) was
because they wanted to be near Worcester. Let me
repeat that Ranch Kimball, Chairman of
the Board, Mass Development When asked if he was
going to stay in Worcester, Dr. Craig Mello
replied Absolutely, I think the cost of doing
research here is so much lower than in the Boston
area. I'm not sure what it works out to per
square foot, but it's quite significant -- the
cost of space is lower, the cost of living for
employees. . . ." Worcester based Nobel
Laureate and Professor of Molecular Medicine, Dr.
Craig Mello (5) It is wonderful to see this
section of Worcester come alive. The combination
of life science companies, large and small, and
affordable housing is a winner. Daniel
OConnell, Former Secretary, Commonwealth of
Massachusetts Executive Office of Economic
Development.
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Central Massachusetts - tremendous opportunities

• The Eds and Meds
• 13 colleges/Worcester area enrollment gt 30,000
  students
• UMass Medical
• Massachusetts College of Pharmacy and Health
  Sciences
• Tufts University Cummings School of Veterinary
  Medicine
• UMass Memorial Hospital
• St. Vincent Hospital at the Worcester Medical
  Center
• The Commonwealth of Massachusetts continues to
  make major investments in Central Massachusetts
  as a life sciences, bioengineering center.
• UMass Medical School - 1980
• Worcester Biotech Park - 1990
• Gateway Park - 2005
• Bristol-Myers Squibb - 2006
• BMC Biomanufacturing Initiative 2006
• Massachusetts Growth District Initiative - 2008

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The Trend Westward

• Developing companies and their CEOs are moving
  westwardbetween Routes 128 and 495 and along the
  
  Route 495 corridor
• In the past five years 20 biotech companies
  including 14 from Cambridge have moved into
  space along Rt. 128 (6)
• Genzyme headquarters is in Cambridge, but their
  largest research facility in the world is in
  Framingham. Also in Southborough, and Westboro -
  theyre moving westward!
• Genzyme regularly evaluates locations
  where we might expand our research or
  manufacturing presence to help sustain our
  growth. We were greatly impressed by Gateway Park
  and consider it to be an attractive spot for any
  biotechnology company looking to grow in
  Massachusetts.
• - Henry
  Fitzgerald, Vice President of Facility
  Operations, Genzyme Corporation
• WPI sponsored the second annual Biotechnology
  Bioengineering Corporate Forum on March 22, 2007
  with over 225 life sciences professionals in
  attendance. Keynote speaker 2006 Jim McGovern
  2007 Tim Murray

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The Trend Westward

• 49 of the 100 largest Biotech firms in
  Massachusetts are located
  between 128 and Worcester (7)
• Only ONE of the top 25 medical device firms is in
  Boston (8)
• Following companies are now in Central
  Massachusetts
• Abbott Labs (Worcester) Cogmedix (Worcester)
  Charles River Labs (Shrewsbury) Bristol-Myers
  Squibb (Devens) Thermo Fisher Scientific
  Athena Diagnostics (Worcester) Pall Corporation
  (Northborough) Waters Corporation (Milford)
  Sepracor (Marlborough) Boston Scientific
  (Marlborough) Cytyc Corporation (Marlborough)
  Caliper Life Sciences (Hopkinton) Boston Life
  Sciences (Hopkinton) Nypro (Clinton) RXi
  Pharmaceuticals (Worcester)

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Life Science Companiesin Central Massachusetts
ADVANCED CELL TECHNOLOGY
CellThera, Inc
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The Massachusetts Life Sciences Super Cluster
Comprised of universities, teaching hospitals,
research institutions, as well as biotechnology,
medical device, pharmaceutical, diagnostic, and
instrumentation companies in addition to the many
other support services companies that contribute
to the growth of life sciences in the state. The
historical core is in Boston-Cambridge, but
because of the vitality of the industry in
Worcester, the city is being recognized as an
additional anchor.
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The word spreads

• 2006 Silver Hammer Award Presented by the
  Worcester Chamber of Commerce on December 12,
  2006 (Silver Hammer Awards recognize projects
  that have had visual, aesthetic, or economic
  impacts on the region)
• 2007 United States Excellence in Economic
  Development Award for Urban or Suburban Economic
  Development from the U.S. Department of Commerce
  Presented November 29, 2007 at Gateway Park
• 2007 United States Phoenix Award Presented at
  the U.S. National Brownfields Conference on May
  6, 2008 in Detroit, MI
• Gateway Park Designated First Massachusetts
  Growth District Announced on February 26, 2008
  at the WPI Life Sciences and Bioengineering
  Center at Gateway Park

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Whats the vision?

• A launching pad for WPI and other academic and
  medical institutions to enhance their
  leading-edge research programs in life sciences,
  biotechnology and bio/chemical engineering
• A destination for companies large and small
  representing the entire continuum of life
  sciences product development inception,
  refinement, and commercialization.
• A hub for the development and delivery of
  education and workforce training programs to
  support life sciences, bioengineering and
  biomanufacturing
• A vibrant community of young professionals an
  environment that fosters the exchange of ideas
  among scientists, scholars, students and
  entrepreneurs
• A tranquil, tree-lined, landscaped mixed-use
  campus close to the cultural pulse of the city
  (Worcester Art Museum, Tuckerman Hall, Mechanics
  Hall, DCU Center, Institute Park)
• A new life to downtown Worcester by establishing
  a mixed-use destination which includes companies,
  residential and retail establishments

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What can you do to help?

• Talk it up tell your clients and colleagues
  about Gateway Park
• Refer companies you think might be a good fit
• Share your ideas for building the future of
  Gateway Park
• Visit www.gatewayparkworcester.com
• Thank you!
• The person who says it cannot be done should
  not interrupt the person doing it.
• - Chinese proverb

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