Loading...
HomeMy WebLinkAbout2014-02-18; City Council; 21508; Annual Program Update Bio, Tech Beyond Life Sciences IncubatorCITY OF CARLSBAD - AGENDA BILL AB# MTG. DEPT. 21,508 2/18/14 CED RECEIVE AN ANNUAL PROGRAM UPDATE FROM BIO, TECH AND BEYOND LIFE SCIENCES INCUBATOR DEPT.DIRECfOR CITY ATTY. CITY MGR. RECOMMENDED ACTION: Receive and file an annual program update from Bio, Tech and Beyond, the organization responsible for the city's life sciences incubator. ITEM EXPLANATION: In February 2013, City Council approved a five year lease with Bio, Tech and Beyond for the city-owned building located at 2351 Faraday Avenue for the purposes of operating a life sciences incubator. The goals of the incubator are to create new life sciences companies and new jobs in Carlsbad, help Carlsbad become a national leader in the citizen science movement strengthening the life sciences cluster, add to Carlsbad's core technology base resulting in new development and new invention patents, and serve as a key source for regional science education outreach efforts. The incubator founders transformed the vacant 6,000 square ft. office space into a working incubator for life sciences companies and working laboratory. In July 2013, over 400 people joined City Council and leadership for the grand opening of Bio, Tech and Beyond. This report will provide the first annual update on the facility and incubator programs and discuss next steps related to meeting the benchmarks outlined in their five year lease with the city. FISCAL IMPACT: No funding is being requested at this time. ENVIRONMENTAL IMPACT: Pursuant to Public Resources Code section 21065, this action does not constitute a "project" within the meaning of CEQA in that it has no potential to cause either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment, and therefore does not require environmental review. DEPARTMENT CONTACT: Christina Vincent, 760-602-2712, christina.vincent(5)carlsbadca.gov FOR CITY CLERKS USE ONL Y. COUNCIL AaiON: APPROVED • CONTINUED TO DATE SPECIFIC n DENIED • CONTINUED TO DATE UNKNOWN • WITHDRAWN • RETURNED TO STAFF • • AMENDED • COUNCIL RECEIVED THE REPORT/PRESENTATION OTHER-SEE MINUTES • • Bio, Tech and Beyond www.biotechnbeyond.com 2351 Faraday Ave, Carlsbad, CA Community }Access to tools & experts }Science education }Professional development BTNB helps people translate their ideas into results and their results into companies. Thousands of smart people Ideas, Vision, Passion Technologies, Experts Community laboratory Local Vendors }New customers }Early access }Product testing Carlsbad }High tech jobs }Economic development }Publicity & awareness Cell Culture Lab Microscopes Centrifuges Lab Benches Readers March, 2013 May, 2013 July 12, 2013 Vacant, unused office building Dec, 2013 The foundation for a laboratory A Grand Opening! A startup incubator community center New floor New sinks New water system New door entry system New alarm system New electrical outlets New mailbox New lab benches New cell culture lab Lab equipment Offices and cubes Conference rooms Wi-Fi 400+ Attendees Unoccupied for 10 Years Indirect Costs from SBIR and Other Grants }20% indirect cost rate with first grants submitted Q1 2014 Business to Business Sales Corporate Sponsors and Crowdfunding Campaigns Monthly Fees Paid by Start-Up Companies }Currently $400/bench with 5 paying customers (Increasing to $600/bench in 2014) }First partner signed (Prestwick Chemical) }First sponsor signed (Assay Depot) Six Startup Companies Currently at BTNB BioSpyder – Gene Expression System Orphi Therapeutics – Rare Disease/Alzheimer’s Research Brain Spores/Plastic Rat – 3-D Printing for Research Labs Biophyllum – Natural Pesticides PhD Antibodies – Reagent Development Allostere Therapeutics – Breast Cancer Research 1 2 1 3 4 3 # FTEs Total # Jobs 14 40+ BTNB Events Averaging ~30 Attendees Per Event One-Time Lab Equipment Donations to Date* ~$100,000 Expenses Revenue and Assets Utilities (Electric, Water, Gas) Wi-Fi Alarm System Waste Disposal Janitorial CO2 Gas Insurance License Fees Taxes ~$4,000/month Current Monthly Memberships (5 of 13 benches) ~$2,000/month One-Time Reagent Donations to Date* ~$20,000 * In kind donations Help create 8 additional start-up companies (14+ total) Build the Carlsbad Center for Translational Medicine within BTNB Announce a prestigious Board of Directors and Advisory Board Finish build out of laboratory infrastructure Host at least one educational event each quarter Revenue Sign up two new corporate sponsors Receive first funding from grant indirect costs Bring in first revenue from B2B product or service sales }Serves as highly visible sign of Carlsbad’s commitment to life science research }Serves as a hub for life science start-up companies in Carlsbad }Creates new high paying jobs that attract other high paying jobs }Solidifies Carlsbad’s role as one of two San Diego science hubs }Dramatically lowers the barrier for formation of life science research companies in Carlsbad }Connects and empowers Carlsbad scientists interested in diverse areas of research }Makes it easy to access sophisticated life science technologies and experts }Educates next generation of Carlsbad scientist entrepreneurs Capitalize on R&D Capabilities Harness Local Innovation