5/7/2023 0 Comments Startx palo alto contactQB3, which stands for the California Institute for Quantitative Biosciences, was founded by Gov. Renovating the space, which had been occupied by another lab, cost an estimated $1 million, Lee said. Built by Alexandria Real Estate, a major developer of life science facilities in the region, the space contains fume hoods, a molecular biology core, a tissue culture core, an autoclave, a glass wash, workbenches and a hardware prototyping room. StartX-QB3 Labs is open to entrepreneurs from the StartX program and elsewhere. Lee's company initially had to rent a lab in Sunnyvale for $4,500 a month.Ĭonsumer tech startups don't need much equipment to get up and running, Lee said, but "one of the pain points common to chemistry, clean tech, hardware, medical devices and biotech is access to affordable and easily accessible lab space at the early stages." In both roles, he noticed that young companies struggled with finding a place to work, since Stanford does not allow students to work on commercial projects on campus. He also coaches other life science entrepreneurs as a co-founder of StartX Med, the segment of the StartX accelerator program that helps health and medical startups sharpen their business plans, grow and seek partners. Lee started his own biotech company, Stem Cell Theranostics, as a medical student and doctoral candidate at Stanford. A bench in the StartX-QB3 Labs costs $1,500 a month and companies can stay for at least a year, said Andrew Lee, founder of the lab.
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