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'QB3 Startup In A Box' helps UC entrepreneurs launch companies
Date:9/26/2011

g mentorship, lab space and seed funding.

For QB3, Abate was the perfect trial candidate for a program they were just launching for exactly this purpose, called the QB3 Startup in a Box. Aimed at tearing down the obstacles for University of California entrepreneurs, the program offers guidance and connections ranging from grant-writing to business accounts to legal consultations.

It specifically benefits researchers at the institute's three UC campuses UC Berkeley, Santa Cruz and San Francisco and works in tandem with a growing number of efforts on those campuses to help translate the nation's investment in science into real-world benefit.

"We've gone down this path before and can help scientists do this in a couple of weeks, when it might take months or be impossible on their own," said Crawford, who is QB3's associate director.

Under the program, QB3 has partnered with four law firms and a bank, among them names that have become code-words for Silicon Valley startup success: Wilson Sonsini Goodrich & Rosati; Fenwick & West LLP; King & Spalding; Morgan Lewis, and Silicon Valley Bank. The partners offer their services on a pro bono basis, such as free business bank accounts and consulting on how to incorporate.

Abate said other professors kept telling him he needed to meet with Reg Kelly, who immediately told him he needed to meet with Crawford.

"Once I met Doug, it was like an avalanche," Abate said. "They got me a bank and free legal support, connected me with the patent office, and put me in contact with a grant writer to help apply for a small business grant from the NIH."

Crawford's first question was whether Abate had applied for funding through the federal Small Business Innovation Research Program (SBIR), a federal program that offers $2 billion each year to small high-tech businesses.

"We frequently meet faculty members or postdocs with great ideas for companies, and invariably we as
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Contact: Kristen Bole
kristen.bole@ucsf.edu
415-502-6397
University of California - San Francisco
Source:Eurekalert  

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