In 2006, Doug Crawford repurposed a utility room at the Mission Bay campus of the University of California and the QB3 Garage was born. As the first technology incubator in the UC system, the Garage was met with skepticism. “It’ll never work,” their advisory board said. “It’ll be an intensive care unit for sick companies.” But of the first six startups, four raised Series A venture funding and a fifth was acquired for $25 million – and all within the first two years.
As word spread, so did demand. Entrepreneurial scientists were drawn to the easy access of lab benches and equipment and the camaraderie of being around other entrepreneurs. Keeping that in mind, Doug jumped on the opportunity to lease and completely transform a warehouse in San Francisco in 2013. The result was MBC BioLabs, a full-service incubator offering laboratories, office space, meeting rooms, and an in-house staffed CRO facility with millions of dollars’ worth of equipment. Within six months, it was at full occupancy.
Now with over 50 resident companies, an extensive list of successful alumni companies, and a second location in San Carlos, MBC BioLabs is the premier biotech incubator in the Bay Area. And we’re just getting started.