Funding QB3

TheCalifornia Institute for Quantitative Biosciences (QB3) and venture affiliate Mission Bay Capital hope to become self-sustaining, but they aren't there yet. Mission Bay aims to raise over $11 million next year, and Managing Partner Regis Kelly said QB3 is seeking more state funding.

Kelly also is director of QB3, a collaboration among the University of California, San Francisco; UC Santa Cruz; and UC Berkeley, to commercialize UC science through partnerships with industry and supporting entrepreneurs...