Business Incubator Signs Deal To Expand Into St. Louis

The Cambridge Innovation Center (CIC) signed a 15-year lease with Wexford Science & Technology to occupy a majority of the second floor at the @4240 building in St. Louis. The @4240 building is part of the $186 million second phase of development at CORTEX, which also includes construction of a $45 million office building for BJC HealthCare and major infrastructure improvements.

CIC Founder and CEO Tim Rowe said the incubator will now move forward with plans for its St. Louis expansion — the first location outside of the CIC’s Cambridge, Mass., home. Rowe said officials will look to emulate the success of the Cambridge location, where a quarter of startups are in the life sciences field and another quarter are in software. Rowe said the incubator is looking for companies to occupy the space, but those companies wouldn’t move in until September 2014. He hopes eventually to house as many as 100 St. Louis startups.

Read more from the St. Louis Business Journal


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