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QB3 Launches New Biotech Incubator in San Francisco with 24 Companies
Date:10/30/2013

SAN FRANCISCO, Oct. 30, 2013 /PRNewswire-USNewswire/ -- Today in San Francisco QB3 opened a new biotech incubator: QB3@953.

A full-service incubator, QB3@953 provides entrepreneurs with the resources they need to turn scientific discoveries into products and services. QB3@953 offers more than $500,000 in equipment, a rich network of mentors and investors, and a community of entrepreneurs.

"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. We want to change that. We want to help entrepreneurial scientists change the world," said QB3 Associate Director Douglas Crawford, PhD. "QB3@953 is custom-built for this purpose."

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.

"The QB3@953 life science incubator in San Francisco secures our City as a premier hub for entrepreneurs and innovation," said Mayor Ed 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 and create jobs while driving innovative science and health discoveries."

"I am super-excited to have a new life-science incubator in District 10," said Supervisor Malia Cohen, the region's civic representative. "I can't wai
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SOURCE QB3
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