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WITHDRAWN • RETURNED TO STAFF •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
•
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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