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Home My WebLink About2016-03-08; City Council; 22237; Annual Program Update from Bio, Tech and Beyond Life Sciences IncubatorRECEIVE AN ANNUAL PROGRAM UPDATE FROM BIO, TECH AND BEYOND LIFE SCIENCES INCUBATOR DEPT. DIRECTOR CITY ATTORNEY CITY MANAGER ere-----" AB# MTG. 3 /8 /16 DEPT. CED 22,237 411 CITY OF CARLSBAD AGENDA BILL 10 RECOMMENDED ACTION: Receive an annual program update from the founders of Bio, Tech and Beyond, the organization responsible for the city's life sciences incubator in fulfilment of the requirement within their lease agreement. ITEM EXPLANATION: Background: In February 2013, the 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 jobs in Carlsbad; help Carlsbad become a national leader in the citizen science movement, strengthening the life sciences cluster; add 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 Joseph Jackson and Kevin Lustig will be presenting an annual update of the activities that occurred in the calendar year of 2015. Here are some of the highlights from their presentation which is attached: • Having helped create 32 startup companies; • Incubating and graduating 12 life sciences companies; • Creating 42 jobs; • Strengthening the life sciences cluster, amassing communication and influence with 1,176 citizen scientists and 900 engaging unique members of the public in 2015; and • Having hosted at least one educational event per quarter. This is the third annual update on the facility and incubator programs and will include next steps related to meeting the benchmarks outlined in the five year lease agreement with the city. FISCAL IMPACT: There is no fiscal impact to the city for receiving an annual program update. DEPARTMENT CONTACT: Christina Vincent 760-602-2712 christina.vincent@carlsbadca.gov FOR CITY CLERKS USE ONLY. COUNCIL ACTION: APPROVED 0 CONTINUED TO DATE SPECIFIC DENIED 0 CONTINUED TO DATE UNKNOWN 0 CONTINUED 0 RETURNED TO STAFF 0 WITHDRAWN 0 OTHER—SEE MINUTES k.-Er--- AMENDED 0 Program update received. Life Sciences Incubator Update March 8, 2016 Page 2 of 2 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. ATTACHMENT: 1. Power Point Presentation for Bio Tech and Beyond program-2015 Overview 2016 OVERVIEW Bio, Tech and Beyond Joseph Jackson Kevin Lustig Feb 23, 2016 2351 Faraday Ave, Carlsbad, CA New Website, New Logo, New Companies www.biotechnbeyond.com Startup Showcase on Oct. 23, 2015 •Nine companies •Three minute pitch •80 attendees •Several media partners Startup Showcase Media Coverage •Union-Tribune •Telemundo •BioSpace •Xconomy BTNB Company Highlights •GPB Scientific Earns $1.8M in Series A Financing •Koliber Biosciences Wins First Place in Blue Sky Bio Synthetic Biology ‘Best Startup’ Competition $200K + In Kind Services The Transformation of 2351 Faraday Ave Mar 2013 Feb 2016July 12 2013 Vacant, unused office building Dec 2013 A Grand Opening! A startup incubator community center New floor New sinks New water New alarm New electrical New mailbox New benches New culture lab Lab equipment Offices Conference rooms Wi-Fi 400+ AttendeesUnoccupied for 10 Years A life science incubator Ten life science start-ups Dec 2014 22 life science start-up companies; 12 companies have graduated to date A thriving life science incubator New Tenants 2015 Company Field of Research Full Time Employees Aomics Cancer drug antibody conjugates 1 Cascade Biosystems Molecular diagnostics 2 Cell Store LLC Reagents for cell biology 1 EcoFeedstock Green waste recycling 3 Elliptical Therapeutics Anesthetic topical drug delivery 1 Exeligen Scientific Genome editing CRISPR 3 GPB Scientific Rare cancer cell diagnostics 6 IsoCell Dx Cancer diagnostics 1 Koliber Biosciences Metabolic Engineering 1 Lumira Molecular diagnostics assays 1 Qbisci Biosensors 3 S.H.E. Analytical GC/HPLC testing services 1 Tinoro PCR 2 •13 New tenants •26 New employees Continuing Tenants 2014-15 Company Field of Research Full Time Employees Allostere Inc.Breast cancer therapy 1 Biomarker Profiles Pain biomarker discovery 1 Dapcell Inc.Cytokines 1 Gilbun LLC 3D printing 3 Phyllom Bioproducts Natural pesticides 1 Vanadis Labs Materials science testing 2 Zymi Yeast genetic testing 6 •7 Continuing tenants •26 New employees 20 Current Tenants! 12 Former Tenants •Gatacco •Aastrom Biosciences •Biospyder •Orphi Therapeutics •Ze Resource •Ascus Bioscience •Viking Scientific •Lab Fellows •Crosslife Technologies •Neofluidics •ProtoMedex •Mesa Tech Tenant Conversion Statistics –First 36 Months 6/7 interviews in average month 150 Start-Up Interviews 20 Startups 12 Graduates 3-18 months duration 4-40 hours per week usage 2-6 FTEs per startup Finance Update Expenses Revenue and Assets Utilities (Electric, Water, Gas) Wi-Fi Alarm System Waste Disposal Janitorial CO2 Gas Insurance License Fees Taxes Salary and Benefits Building Upgrades, Equipment and Lab Improvements Jan –Dec 2015 $12,000/month Current Monthly Memberships $14,000/month $24,000+ Select Outreach Events 2015 Date Event Attendees Jan. 28 FPLC Applications Seminar 24 Feb. 12 TSRI Society of Fellows 55 Feb. 25 FPLC Seminar and Demo 18 Mar. 16 SDSU Biomedical Tech Association 35 Apr. 30 Fluorescent Microscopy Demo 30 Jun. 11 IndieBio San Francisco Demo Day 250 Jul. 23 UCSD Rady Grad Student Seminar 16 Aug. 26 Vendor Show at Bio, Tech and Beyond 25 Sept. 30 Xconomy San Diego 200 Oct. 23 Startup Showcase 120 Nov. 3-4 SynbioBeta 400 Nov. 30 SDBN Synthetic Genomics Brewing Night 80 In 2015 Bio, Tech and Beyond reached 900 unique members of the public Diverse and Growing Membership 1,100+ Online 2015 Goals Summary •Achieve full capacity of 20 start-up companies (Achieved) •Leverage our BOD and Advisory Board for fundraising (In progress) •2 Grants in Progress with new Scientific Adv Members UCSD, Scripps: Diabetes: Dr. Alberto Hayeck. Stem Cells: Dr. Suzanne Peterson, Dr. Ronald L Coleman. (March 2016) •Start regular hands-on mentorship program for tenants (Achieved) •Host at least one educational event each quarter (Achieved) •Host and run Demo Day for top tenants (Achieved) Revenue •Receive $50K in corporate sponsorships or grants (In progress) 3 grants in submission Q2 2016 •Bring in additional revenue from B2B sales (Achieved) 2016 Goals Draft •Maintain full capacity of 20 start-up companies •Increase SBIR applications and success rate. (Cumulatively submitted letters of support for 9 companies; 2 funded to date). •Leverage our BOD and Advisory Board for fundraising •Expand hands-on mentorship program for tenants •Host at least one educational event each quarter •Host and run Demo Day for top tenants •Achieve $50K in corporate sponsorships or grants 15 Appendix Economic Impact Summary Economic Impact Sumary ✓42 “Active” Jobs in 2015 ✓20 Current Startups (12 Former Tenants) ✓$30M Combined Market Cap Estimate ✓$3.6M in New Funding/Contracts ✓$960,000 Per Year on Supplies and Services 30+ Local Suppliers Used by BTNB SDG&E TWG FUZE Electric Waste Management Fire Department AT&T ADT Security ADT Keycard Entry Door Systems Inc. Jan Pro Cleaning Services Kleen and Greene Water Works Inc. Ingenium Inc. Praxair VWR Recycled Labs BioSurplus Occupational Services Inc. (OSI) Environmental Health and Safety FMO Advisors Inc. Good and Roberts CRB CoreFocus Herich, John Technical Safety Services Collaborative Drug Discovery (CDD) Life Technologies Neptune Scientific/BioTixx BioCom Institute Mo-Bio Sustainable Surplus Furniture Environments BTNB Supports Local Strategic Initiatives ●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