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QB3 to Collaborate with Johnson & Johnson Innovation on New Incubator
Date:6/5/2013

SAN FRANCISCO, June 5, 2013 /PRNewswire-USNewswire/ -- The California Institute for Quantitative Biosciences (QB3) has signed an agreement with Johnson & Johnson Innovation to allocate 5,000 square feet of the space in QB3's new 24,000-square foot biosciences incubator in San Francisco to launch Janssen Labs @QB3.

Under the collaboration, Johnson & Johnson will have an exclusive agreement to create a Janssen Labs facility within the new incubator at 953 Indiana St., near the UC San Francisco (UCSF) campus at Mission Bay, with an option to expand.

The new space, known as QB3@953, is the fifth and largest incubator launched by the state institute and central to QB3's mission to help build the state's bioeconomy by giving startups the tools they need to succeed. By working with Johnson & Johnson's new California Innovation Center in Menlo Park and with Janssen Labs , QB3 hopes to connect startups to partners that can boost their success.  

"Connecting biotech startups to experts in multiple areas of the bioscience industry is critical in helping entrepreneurs launch viable companies," said QB3 Associate Director Douglas Crawford . "This collaboration can help expand QB3's network of entrepreneurs, while also bridging the gap for many technologies that would not otherwise have a chance to develop."

The agreement marks the first geographical expansion of Janssen Labs, a San Diego life-science incubator that is currently home to 29 companies.  Janssen Labs @QB3 will have a similar open-innovation approach to the San Diego labs, in which entrepreneurs have the benefit of the insights of a major health
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SOURCE California Institute for Quantitative Biosciences (QB3)
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