Navigation Links
QB3-Industry Biotech Startup Partnership Funds Two Projects
Date:4/20/2012

SAN FRANCISCO, April 20, 2012 /PRNewswire-USNewswire/ -- The Johnson & Johnson Corporate Office of Science & Technology (COSAT) has funded two research efforts in a program aimed at creating biomedical startup companies at the University of California.

These are the first projects supported by COSAT through the ongoing Bridging-the-Gap award program at the California Institute for Quantitative Biosciences (QB3). COSAT and the Rogers Family Foundation of Oakland jointly fund the Bridging-the-Gap program, which provides nearly $1 million a year for targeted research designed to move projects further along the path to commercialization.

"This is a new model for industry to access innovation as it matures from an academic project to a commercial venture," said Neena Kadaba, QB3's director of industry alliances. "Startups are often the most efficient way of getting discoveries to market, and programs like this allow established companies to build early relationships and partnerships with startups as they form."

The two projects were selected because the research had commercial potential and the lead scientists were keen on starting companies.

The first project, to develop a synthetic capsule for the treatment of Type I diabetes, is directed by Shuvo Roy, associate professor of bioengineering and therapeutic sciences at the University of California, San Francisco (UCSF), and based on membrane technology used in a prototype artificial kidney invented by Roy.

The second project is a collaboration between Scott Lokey, associate professor of chemistry at UC Santa Cruz, and Matt Jacobson, professor of pharmaceutical chemistry at UCSF. It combines computer modeling and benchtop synthesis of "cyclic peptides," which can affect how proteins interact with each other. The research has therapeutic applications.

QB3 provides Bridging-the-Gap winners with services from the QB3 Startup-In-A-Box program, and, potentially, space in the QB3 incubator system (the QB3 Garage/Innovation Network) for spinoff companies arising from the projects.

The nine projects funded by QB3's Bridging-the-Gap program to date have resulted in five new companies and three licenses to existing firms. The five companies formed in the past two years have raised over $9 million in private and public commercial funding.

In the 2012 Bridging-the-Gap award cycle, the Rogers Foundation has also funded three new projects.

QB3 is a cooperative effort among private industry and more than 220 scientists at UCSF, UC Berkeley and UC Santa Cruz. QB3 has a joint mission of supporting science, driving the California economy and transforming scientific research into public good. Fundamental to the latter two missions are QB3's efforts to commercialize University of California science by creating mutually beneficial partnerships with industry and supporting innovative entrepreneurs. The effort has led to 60 bioscience startup companies in the QB3 Garage/Innovation Network, which have raised $225 million and created more than 280 jobs. QB3 also operates Mission Bay Capital, an $11.3M seed-stage venture capital fund designed to help UC entrepreneurs create successful startups. Please visit www.qb3.org.

UCSF is a leading university dedicated to promoting health worldwide through advanced biomedical research, graduate-level education in the life sciences and health professions, and excellence in patient care. Please visit www.ucsf.edu.

For more information on the Johnson & Johnson Corporate Office of Science and Technology (COSAT), visit www.jnjcosat.com/cosat.


'/>"/>
SOURCE QB3
Copyright©2010 PR Newswire.
All rights reserved

Related biology technology :

1. RayBiotech, Inc. Announces New Diagnostic Core Facility Partnering Program
2. Leading Scientists to Debate Views on Rejuvenation Biotechnologies
3. Lixte Biotechnology Receives US Patent for Its Proprietary Histone Deacetylase Inhibitor
4. Charlie Wilson Teams Up With Janssen Biotech to Launch Making Awareness a Priority (M.A.P.)
5. First Statewide Biotech Meeting Focuses on Patient Access, Innovation
6. Apexigen and Shanghai Duyiwei Biotechnology Co. Ltd Sign a License and Collaboration Agreement to Develop and Commercialize APX004
7. Phalanx Biotech Group Reports Robust Revenue Growth in 2011
8. Biotech Firm Spun Off from Childrens Hospital Raises $7 Million to Advance Magnetic-Based Vascular Treatment
9. Global Biotechnology Industry
10. Wake Forest Baptist Medical Center Unveils Historic World-Class Biotech Research & Innovation Center in Downtown Winston-Salems Growing Piedmont Triad Research Park
11. JumpStart Invests $250,000 in Milo Biotechnology
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/23/2016)... ... May 23, 2016 , ... PrecisionAg® ... Farming in 2017 and Beyond. The paper outlines the key trends that are ... industry. , “We’ve witnessed a lot of highs and lows as the precision ...
(Date:5/23/2016)... CA (PRWEB) , ... May 23, 2016 , ... ... public interest organization focused on molecular nanotechnology, announced the winners for the 2015 ... pioneer physicist Richard Feynman, are given in two categories, one for experiment and ...
(Date:5/20/2016)... Baltimore, MD (PRWEB) , ... May 20, 2016 , ... ... contaminated with Listeria, as reported by Food Safety News on May 12, 2016(1), demonstrates ... according to Ted Olsen, CEO of Baltimore-based biotech firm, PathSensors, Inc. ...
(Date:5/19/2016)... May 19, 2016 ... (OTC PINK: RGBPP) announced today initiation of a ... cord blood based cancer immunotherapeutic product leveraging its ... Regen described a generation of cord blood derived ... gene silencing.  The product in development will be ...
Breaking Biology Technology:
(Date:3/14/2016)... http://www.apimages.com ) - ... - Renvoi : image disponible via AP Images ( ... --> DERMALOG, le leader de l,innovation ... d,empreintes digitales pour l,enregistrement des réfugiés en Allemagne. ... produire des cartes d,identité aux réfugiés. DERMALOG dévoilera ...
(Date:3/10/2016)... March 10, 2016   Unisys Corporation (NYSE: ... Protection (CBP) is testing its biometric identity solution at ... to help identify certain non-U.S. citizens leaving the ... test, designed to help determine the efficiency and accuracy of ... February and will run until May 2016. --> ...
(Date:3/8/2016)... 2016   Valencell , the leading innovator ... has secured $11M in Series D financing. The ... venture fund being launched by UAE-based financial services ... investors TDF Ventures and WSJ Joshua Fund. Valencell ... triple-digit growth and accelerate its pioneering innovation in ...
Breaking Biology News(10 mins):