At the Pasadena Bioscience Collaborative, the cost of scientific research is very low, but the ideas are very big.
Pasadena, CA (PRWEB) February 11, 2012
The Pasadena Bioscience Collaborative (PBC) announced today that Bruce Blomstrom, President, will be participating in “Creating Successful Companies through Incubation” panel presentation at the Caltech/MIT Enterprise Forum, Baxter Lecture Hall, 9:00 am to 11:00 am.
“Companies find the PBC WetLab Incubator a cost effective home for their businesses to thrive. Incubators, such as the PBC, can significantly help foster innovation and reduce research costs,” said Blomstrom. “The PBC also provides a collaborative, scientific environment, where entrepreneurs have access to scientific equipment, dedicated company workspace, and gain introductions to scientific, technical, legal, financial, business, and local bioscience associations and investors. At the PBC, the cost of scientific research is very low - but the ideas are very big.”
The National Business Incubator Association reports that 87% of all companies that graduated from NBIA member incubators, are still in business after five years, an impressive track record in today’s economic environment.
Stan Tomsic, Chairman/Co-Founder, Business Incubation Network of Southern California (BINS) and program moderator said, “Incubators and accelerators such as the PBC, provide essential resources and counsel that entrepreneurs need to become successful. Additionally, they reduce the risk of failure by offering affordable space and shared facilities along with an array of mentors and advisors that are invaluable for companies just starting out.”
“This is particularly needed in the lifescience and biotech sectors,” said Blomstrom. “An early hurdle for young companies is the difficult process of demonstrating proof-of-principle in order to reach Phase I trials, and eventually FDA approval. Companies are more likely to be funded by investors if they can demonstrate that their technology actually works.”
About Pasadena Bioscience Collaborative
The Pasadena Bioscience Collaborative (PBC) is a non-profit facility for early stage life science companies. It operates a 10,000sf WetLab Incubator. PBC enables entrepreneurs to develop proof-of-principle for their particular applications. The Intellectual Property developed is solely owned by the companies.
PBC recognizes that its role in assisting biotechnology start-up companies to achieve success does not end at the lab. PBC arranges for its incubator companies to have access to experts in fields such as: biotechnology, nanotechnology, bioinformatics, data management, cell culture, stem cell/molecular biology, engineering prototypes, financial, grant writing, insurance, conference facilities, business and marketing plans development, insurance and legal services. For information on how your company can get started at PBC call: 626.507.8487, e-mail: contact(at)pasadenabiosci(dot)org or visit: http://www.pasadenabiosci.org.
About The Caltech/MIT Enterprise Forum
Formed in 1984, the Caltech/MIT Enterprise Forum is a joint venture of Caltech's Industrial Relations Center, Caltech’s Office of Technology Transfer, and the Caltech Alumni Association. The mission of the Caltech/MIT Enterprise Forum is to encourage the growth and success of technology-based entrepreneurial ventures in Southern California. For more information visit: http://www.entforum.caltech.edu.