New QB3 Incubator Opens with 24 Tenants
A new full-service incubator opened today, providing more than $500,000 in equipment, a rich network of mentors and investors, and a community of entrepreneurs. QB3@953 provides entrepreneurs with the resources they need to turn scientific discoveries into products and services.
Startups are one of the best ways of turning breakthrough science into great products, but in the life sciences the high price of equipment and space means many great ideas never get a chance. QB3@953 is custom-built for to change that and will help entrepreneurial scientists change the world.
QB3@953 makes creating a biotech startup affordable by offering specialized resources in increments as small as an eight-foot laboratory bench or half a shelf in a low-temperature freezer. The low cost allows a graduate student to launch a viable startup funded by a small grant or a credit card.
Located at 953 Indiana Street, the space provides laboratories and offices for 30 to 35 startup companies. Sixteen companies have already begun to move in, and eight more will join by the middle of November.
During a launch ceremony, San Francisco Mayor Ed Lee said that the life science incubator in secures San Francisco as a premier hub for entrepreneurs and innovation.
“QB3@953 will keep small biotech companies here in the Innovation Capital of the World by providing critically needed space to start, stay and grow and create jobs while driving innovative science and health discoveries,” said Lee.
Each tenant will have access to support including QB3’s seed-stage venture fund, Mission Bay Capital; legal and business advisors; assistance in grant writing for small business funds; and access to high-end equipment in facilities on UC San Francisco’s Mission Bay campus.
In addition to the new incubator, QB3 and BayBio recently launched the QB3-BayBio Accelerator. The QB3-BayBio Accelerator brings together all the benefits of BayBio membership plus QB3’s network of leading startup service providers, allowing startups to maximize their resources and lower barriers for productivity so they can focus on commercializing their discoveries.The QB3-BayBio Accelerator helps startups achieve operational excellence while allowing them to focus on commercializing their discoveries.