San Francisco Mayor Ed Lee celebrated the recent launch of the California Institute for Quantitative Biosciences' (QB3) new bioscience incubator, near the ever-growing UC San Francisco campus at Mission Bay.
The new incubator will open with 24 companies already on board and will provide space for up to 30 fledgling research companies at its peak.
Ten years ago, UCSF opened the doors of its first research building at Mission Bay, Genentech Hall, launching a new community that leaders are calling the "Silicon Valley of Bioscience."
Central to that success of this San Francisco renaissance that transformed a 303-acre neighborhood dominated by abandoned wherehouses and railyards are the three incubators QB3 has established on or near Mission Bay. Incubators offer state-of-the-art facilities for bioscience entrepreneurs to take their bright ideas and turn them into products for the marketplace. The latest incubator, located at 953 Indiana Street, aims to address the ongoing demand for start-up life sciences space at Mission Bay.
UCSF is the nation’s largest public biomedical research university.
QB3 is a state institute supporting researchers at three UC campuses: Berkeley, San Francisco and Santa Cruz. It was founded with a core mission to grow the California economy by translating leading bioscience research on these campuses into new companies and products.