Can Startup Sandbox Make Santa Cruz a Biotech Hub?

Original Source : GoodTimes

Two years after opening its doors, biotech incubator Startup Sandbox is demonstrating that it’s ready to play in the big leagues.

Five of the 20 biotech companies that have spent time at the incubator have proven their product ideas and grown large enough to move into their own offices. Nearly all of those companies have chosen to stay and hire in Santa Cruz.

Startup Sandbox, which launched in August of 2017, has become one way of helping UCSC talent stay local, rather than letting them take their breakthrough technologies—and plans to hire employees—over the hill. The incubator has added training programs for member companies, along with a new venture capital fund to offer financial backing.

There were already several well-established incubators and accelerators in the Bay Area, including Berkeley SkyDeck, Stanford-affiliated StartX and MBC BioLabs in San Francisco.

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