Stages:

• Seed

 

Industries:

Life Sciences & Healthcare

Medical Device

 

Description:

QB3 is a consortium of three University of California campuses--UC Berkeley, UC Santa Cruz, and UCSF--that serves both science and society. The group fosters collaborations among scientific faculty that enhance innovation and discovery. Initiatives include: the Innolab, which manages the consortium's industry partnerships with companies such as Pfizer, GE Healthcare Life Sciences, and Johnson & Johnson; and startup support, which guides researchers from the precommercial stage to efficient operational companies. Startup services include the QB3 Startup in a Box, the organization's standard package designed to take an entrepreneur from an idea to a successful SBIR application; the QB3 Garage/Innovation Network; and the organization's seed-stage venture capital fund, Mission Bay Capital. QB3 starts new companies by assembling management teams, providing research space and identifying potential funding sources. The group created the QB3 Garage, the first start-up incubator within the University of California system. Since its inception, three of its first six companies closed venture capital funding of more than $5 million, and one was acquired at an early stage for a reported $25 million. Partnering gains access to the most innovative life science startups, including 500+ early-stage companies and and 400+ companies in QB3 Startup in a Box.