American Laboratory Trading And QB3 Institute - UCSF Sign Sponsorship Agreement
EAST LYME, Conn., Nov. 12, 2014 /PRNewswire/ -- American Laboratory Trading Inc. (ALT), the largest seller of pre-owned laboratory equipment in North America, and QB3, a pioneering institute driving biotechnology innovation at the University of California, have signed a three-year sponsorship agreement. As a key component of the agreement, ALT will provide lab equipment to QB3 incubators and resident companies, including those at QB3@953 in San Francisco and StartX-QB3 in Palo Alto. ALT will also provide installation and repair services, lab start-up incentive programs, and equipment financing programs.
"Our goal at QB3 is to allow every entrepreneurial scientist with a great idea the opportunity to build a successful company we are democratizing life-science startups," said Doug Crawford, associate director at QB3. "Critical to this mission is being able to provide startups with the equipment they need. ALT is helping us bridge this divide."
In 2013, ALT announced a similar sponsorship agreement with LabCentral, a 28,000 square-foot shared laboratory space in the heart of the Cambridge biotech innovation hub. According to ALT COO, Jayson Bernstein, "For the last 15 years, we've been providing instrumentation to the early stage biotech community, and as the incubator model continues to grow, so has our commitment to working directly with that important market segment. We're big believers in QB3's mission and I know we share a common goal to remove or reduce the barriers associated with biotech entrepreneurship. We're honored to be partnering with the unequivocal leader in the start-up community in San Francisco."
About American Laboratory Trading
Founded in 1999, ALT is the leading provider of used lab equipment in North America and has an established customer base in more than 60 countries. The company buys and sells a wide variety of laboratory equipment, with a specialty in high-end analytical instruments such as HPLC and FPLC systems, GC, mass spectrometers, and PCR machines, as well as benchtop equipment and lab staples such as incubators and cold storage. ALT houses more than 12,000 instruments in its 30,000 square foot headquarters in East Lyme, Connecticut and has regional offices in the biotech hubs of Boston/Cambridge, the San Francisco Bay Area, San Diego and the Research Triangle in Raleigh. A constantly refreshed inventory of equipment from leading manufacturers including Agilent, Thermo, Eppendorf, Perkin Elmer, and more than 100 others can be found at www.usedlabequipment.com.
About QB3
QB3 is a cooperative effort among private industry and more than 220 scientists at UCSF, UC Berkeley and UC Santa Cruz. One of four technology institutes created in 2000 by former California Governor Gray Davis, QB3 has a joint mission of supporting science, driving the California economy and transforming scientific research into public good.
Fundamental to the latter two missions are QB3's efforts to commercialize University of California science by creating mutually beneficial partnerships with industry and supporting innovative entrepreneurs. The effort has led to 62 bioscience startup companies currently in QB3's incubator network. QB3 also operates Mission Bay Capital, an $11.3M seed-stage venture capital fund designed to support UC startups. For more information on QB3, please visit http://qb3.org.
SOURCE American Laboratory Trading