SAN FRANCISCO-Mayor Edwin M. Lee and the California Institute for Quantitative Biosciences just revealed that QB3 will develop a new biotech incubator at 953 Indiana St. in San Francisco's Central Waterfront area. The incubator will be called “QB3@953”and will advance QB3's work to support life science companies and, according to Major Lee, it will create jobs in California by providing two key elements of success for startups: efficiency and networking.
QB3@953 will be the sixth life sciences incubator in San Francisco and “secures the City's place as a premier hub for entrepreneurs and innovation,” says Mayor Lee. “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–creating jobs while driving innovative science and health discoveries.
QB3@953 will provide laboratory and office space for 20 to 30 startup companies focused on the life sciences. Space will be leased in amounts as small as a single research bench.
“The two things bioscience entrepreneurs seem to value most are proximity to other scientists and the ability to start up on a credit card,” says Douglas Crawford, PhD associate director of QB3, which is headquartered at UCSF Mission Bay. “We're enabling small life sciences companies to start very efficiently, near other entrepreneurs and UCSF.”
The 23,720-square-foot building housing QB3@953 is owned by the Dewey Land Company Inc.
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