Mountain View Startup Tech Incubator, Y Combinator, Announces Biotech Experiments
4/28/2014 8:22:15 AM
Last week Y Combinator, the well-known and very successful technology startup incubator, announced that it was going to begin experimenting with biotech startups. This announcement came as a surprise to many. Several good posts on the subject appeared after a Nature News piece, including Derek Lowe’s In The Pipeline blog and the Curious Wavefunction blog. Here’s the gist of the concept: a biotech startup selected by Y Combinator would get ~$120K in seed funding, and lots of advice, guidance, coaching via the “incubator” experience in exchange for some of the founding equity of the startup.
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