Johnson & Johnson has opened its fifth JLabs incubator in the US at the Texas Medical Centre, launching with an initial 21 startups.

Johnson & Johnson Innovation, the investment unit of healthcare company Johnson & Johnson, opened a JLabs incubator at Texas Medical Centre (TMC) yesterday.

Johnson & Johnson Innovation has also formed an agreement with PerkinElmer through which it will offer instruments, training, software, lab services and on-site technical support.

JLabs@TMC is the fifth location for the incubator network in the US. Johnson & Johnson’s subsidiary Janssen operates a sixth branch in Canada, first announced in September 2015.

The facility at…