University of California San Diego’s Qualcomm Institute has launched a new incubator space for spin-outs or companies founded by San Diego’s industry partners.
The 6,000 square feet space will initially house seven firms, and will provide services from Qualcomm Institute and the wider university. It also marks the first time a San Diego professor can launch a campus-based spin-out, cutting down the distance between their academic offices and their business.
Ramesh Rao, director of the institute, said: “Tenants in the Innovation Space lease space and avail themselves of our technical services at external user’s rates. Our goal is to nurture these companies by helping them leverage the state’s investments in science and innovation and help with California’s economic development when they move off campus.”
