San Francisco’s position as the birthplace of biotechnology attracts an estimated 30 new biotechnology companies each year to the Bay Area. Besides a plethora of venture capital and angel investment firms, the city’s vibrant cultural, recreational and entertainment options complete the picture to make San Francisco highly attractive to the next generation of biotech leaders.
Facebook Inc. co-founder and CEO Mark Zuckerberg and wife Priscilla Chan, M.D., are pledging $3 billion over the next decade to help “cure, manage and prevent all diseases” in this century by empowering basic research. The first stage involves a huge donation to start a biomedical research hub adjacent to UC San Francisco’s Mission Bay campus.
The new initiative by the Chan Zuckerberg Initiative, their philanthropic instrument, includes a $600 million pledge to support the Chan Zuckerberg Biohub, an independent new Mission Bay-based research center that will link scientists from UCSF, UC Berkeley and Stanford University. The hub is a separate nonprofit entity with its own governance structure.
Read more: San Francisco Business Times (blog) Mark Zuckerberg, Priscilla Chan to give $3 billion to cure disease …