Bicoastal incubation

In parallel with raising a fourth fund, the new CEO of Accelerator Corp. plans to expand the bioincubator's presence beyond Seattle by setting up shop in New York, a region he believes offers a similar combination of high-quality research and relative dearth of early-stage investors.

Thong Le replaces founder Carl Weissman, who will become a senior advisor. Le was previously a managing director at WRF Capital, the VC investment arm of Washington Research Foundation...