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

k whether they've filed for an SBIR, and they say, 'what's an SBIR?'" Crawford said. "Our goal is to turn all of these unknown elements of starting a company into a simple, straightforward process."

The second question was, "Who could be your CEO so we can help you file for this grant?"

Together, Abate and the team at QB3 walked, step by step, through the process of creating his company, finding a CEO, building a small team, and filing for funding. Along the way, he met with professional grant writer Shauna Farr-Jones to start the nine-month process of filing for SBIR grants. Richard Hsu, at King & Spalding, helped him incorporate the company, and Silicon Valley Bank offered him a free business bank account. Now, QB3 is helping him assemble a team and get the counsel he needs to assess the technical risks the company might face.

The program is one step further in the effort that started in 2005, with the successful launch of the "QB3 Garage" an incubator for UC startups that offered state-of-the-art laboratory and office facilities for startups. The program, which is down the hall from the QB3 offices in space paid for by private funds, offers small amounts of that space at the market rate, but allows entrepreneurs to lease as little as one-half of a lab bench at a time.

"As we find a barrier, we lower it," Crawford said. "The first obstacle was space, so we started the Garage. That was a critical barrier. This is another one. We're going to keep doing it until we're the very best at starting up biotech companies, anywhere in the world."


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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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