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12:00 AM
Jul 12, 2004
 |  BioCentury  |  Strategy

Incubating a Company

Minding the Seed Gap

Incubating a Company

One way of solving the tech transfer problem may be to incubate actual companies, although few academic institutions have the wherewithal to take on this task. One such institution is the University of Pittsburgh Medical Center (UPMC), with venture stakes in 19 companies. Among those is RheoGene Inc., which UPMC actually spun in in 2003.

According to Alan Russell, director of UPMC's McGowan Institute for Regenerative Medicine, the hospital system is the largest academic healthcare system in the U.S., with 26 hospitals worldwide and an annual budget of $5 billion. UPMC, which is separate from the university, is non-profit, but it has for-profit entities as part of its portfolio....

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