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QB3 Bioscience Startups Going Strong at Six-Year Mark
Six years later, QB3, or the California Institute for Quantitative Biosciences, and its partners have helped launch 60 new bioscience companies in a growing network of five incubators at the UCSF Mission Bay campus and across the bridge at UC Berkeley.
Starting in spaces as small as one lab bench, or 90 square feet, those startups have gone on to create more than 280 jobs and have attracted $226 million in follow-on funding during one of the worst recessions in the nation’s history.
Of the 60 companies that have launched, 45 are still in the incubator network, while 13 have moved into commercial space or have been purchased by larger companies. Only two are no longer in business.
Source: UCSF Today