Blackbird Laboratories, a next-generation life sciences accelerator, announced its launch Tuesday with a $100 million founding grant from The Stephen and Renee Bisciotti Foundation.

"Baltimore is a city where great people do great things – we want to help build a thriving technology ecosystem on that strong foundation," Ravens Owner Steve Bisciotti said in a statement.

The mission of Blackbird Labs is to help universities and investigators commercialize their academic research to build innovative companies, bring world-changing technologies to life, and create a thriving entrepreneurial ecosystem in Baltimore. Blackbird Labs will engage in research collaborations with Johns Hopkins University, the University of Maryland, Baltimore, and the Lieber Institute for Brain Development.

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