$200,000 Grant Will Fund Incubator Program Management and Student Internships
SAN FRANCISCO, Oct. 30, 2013 /PRNewswire-USNewswire/ -- QB3, a state institute that connects private industry with more than 220 scientists at UC San Francisco, UC Berkeley and UC Santa Cruz, today announced a new partnership with JPMorgan Chase to promote biotech innovation in San Francisco.
JPMorgan Chase awarded $200,000 to fund an entrepreneurship program manager position at QB3's new biotech incubator. The grant will also fund internships at the center to assist students from economically disadvantaged neighborhoods in their efforts to enter the biotech industry.
The gift will allow QB3 to expand its programs and facilities to support entrepreneurs and thus help to develop the innovation corridor between the San Francisco neighborhoods of Mission Bay and Hunter's Point."QB3@953 is our first incubator designed from the ground up to provide everything entrepreneurs need to get successful biotech companies going," said Regis Kelly, director of QB3. "A professional, full-time manager will handle the day-to-day needs of the entrepreneurs and will guide the interaction with the local community. If our incubator prospers in a region that has lost most of its manufacturing jobs, it could provide a national model for disadvantaged neighborhoods. We are grateful to JPMorgan Chase for making this possible." Alice Rodriguez, California Region Manager of Chase Business Banking, said, "JPMorgan Chase is committed to doing our part to assist in the economic development of the communities we serve. We are excited to work with such an innovative collaboration and we look forward to the results of QB3's efforts as they spur economic growth in the region." The manager, who has yet to be hired, will manage the property, handle environmental health and safety concerns and screen tenants. He or she will organize social events and workshops for incubator companies, as well as open houses for the community, including local high schools.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV