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Pasadena Bio

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uuid000da8i

Namestring
Pasadena Bio
Legal namestring
Pasadena Bio Collaborative Incubator
Websiteurl
pasadenabio.org
Company typeenum
Private
Founded yearint
2004
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersPasadena, United States
HQ citystring
Pasadena
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
wetlab incubator services, shared lab equipment, biotech startup space, biotech workforce training, life science facilities
Industry3 codes
1Lab Furniture, Facilities & Utilities (Benches, Casework, Gas/Water Systems)
CodeHLAGAIAMPrimaryYes
2Bioprocess Facility, Cleanroom & Utility Systems (HVAC, WFI, CIP/SIP, containment)
CodeHLAAAJAJPrimaryNo
3General Lab Equipment (Centrifuges, Incubators, Shakers, Ovens)
CodeHLAGAIACPrimaryNo
NAICS code1 code
  • Research and Development in Biotechnology (except Nanobiotechnology)541714
SIC code2 codes
  • Laboratory Apparatus & Furniture3821
  • Industrial & Commercial Fans & Blowers & Air Purifing Equip3564
Product category
Biotechnology Incubator Services
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Lab Space Rental
TypeSubscription Recurring
Description

Monthly rental fees from tenant companies occupying wetlab benches, with revenue derived from approximately 100+ companies over 22 years of operation. Rental rate is $2,375 per month per bench unit including storage, desk, and shared equipment access.

pasadenabio.org
2Donations and Grants
TypeAffiliate Referral
Description

Nonprofit funding through charitable donations (501(c)(3) organization, FEIN: 30-0150121) and government grants. Received support from Pasadena Community Foundation for equipment acquisitions and CSL Behring for educational supplies.

pasadenabio.org
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales
Pricing details2 tiers
1Base wetlab bench rental
ModelSubscriptionBilling cadenceMonthly
Notes

$2,375 per month, in advance. Includes 8ft wetlab bench, storage rack, desk, chair, access to shared use equipment and common areas. Security deposit equals one month of rent.

pasadenabio.org
2Specialized containment facilities
ModelSubscriptionBilling cadenceMonthly
Notes

Additional charges for shared use BSL-1, BSL-2, and fume hoods beyond the base bench rental.

pasadenabio.org
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Pasadena Bio is a non-profit wetlab incubator that leases physical laboratory benches, shared scientific equipment, and containment facilities to early-stage life science and biotech companies on a month-to-month basis. Tenants gain 24/7 access to BSL-1, BSL-2, and BSL-2+ tissue culture facilities with HEPA filtration, plus a comprehensive shared equipment inventory, and may participate in workforce training programs and business/technical support services. The incubator does not take equity or IP from tenants, distinguishing it from commercial accelerators.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 100+ tenant companies supported since 2004, with notable exit including Calimmune acquired for $400M by CSL Behring
+2 more records
Product overview1 text field

Pasadena Bio Collaborative Incubator is a nonprofit life-science incubator offering a unified platform of affordable wetlab facilities and workforce development programs. The core offering consists of shared laboratory benches with 24/7 access and specialized equipment (BSL-1/BSL-2/BSL-2+ facilities, RT-PCR, sequencing, microscopy systems), complemented by training programs including the Amgen Biotech Experience for secondary schools, internships for students, CITI Program courses for tenants, and pre-apprenticeship programs. Additional support services encompass business development, grant assistance, legal/IP support, and regulatory affairs guidance. The organization does not take equity or royalties, allowing tenants to retain 100% of their IP.

Product and service7 records
1Wetlab Incubator Facilities
CategoryCore Incubator Service
Description

A non-profit wetlab incubator providing benches, shared equipment, and office space for early-stage life science and biotech companies. Includes 24/7 lab access, BSL-1, BSL-2, and BSL-2+ tissue culture facilities with HEPA filtration, available on month-to-month leases at $2,375/month per bench.

2Shared Use Equipment Access
CategoryShared Lab Equipment Access
Description

Access to specialized lab equipment including autoclave, biosafety cabinets, fume hoods, centrifuges, PCR systems, HPLC (Agilent), RT-PCR (QuantStudio 5, Bio-Rad CFX96), Illumina MiSeq, genetic analyzers, lyophilizers, NMR spectrometer (Nanalysis), and 3D printing capabilities, available to tenants as part of the bench rental.

3Internship Program
CategoryWorkforce Training Program
Description

Unpaid internships available each year for college and high school students, providing hands-on laboratory experience and work skills valued by the life science industry.

4Pre-apprenticeship Training
CategoryWorkforce Training Program
Description

Pre-apprenticeship training opportunities for chemical technician and biological technician (200 hours each) under the State of California Eligible Training Provider List, with training eligible for WIOA funding.

5Amgen Biotech Experience Program
CategoryEducational Outreach Program
Description

An innovative science education program providing teacher professional development, teaching materials, and research-grade equipment and supplies to secondary schools, administered through the LA/OC Biotech Center.

6CITI Program Training
CategoryCompliance Training
Description

Collaborative Institutional Training Initiative courses available to tenant companies at no cost, covering biosafety, bloodborne pathogens, laboratory chemical safety, good laboratory practice, statistical analysis, and grant proposal development.

7Business & Technical Resources
CategoryTenant Support Services
Description

Comprehensive support services for tenants including bioinformatics guidance, business development, cell culture consultation, grant assistance, legal/IP support, regulatory affairs guidance, market research, and manufacturing expertise.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership8 partners
Strategic tierCoreTypeOthers
Description

CSL Behring made a generous donation of lab supplies, computer monitors, and office supplies to Pasadena Bio. This contribution supports the mission of PBC's educational training programs and benefits local high schools and community colleges throughout Los Angeles County. CSL Behring also previously acquired Calimmune Inc., a PBC graduate company, for $400 million in 2017.

Strategic tierMinorTypeOthers
Description

Southern California Biomedical Council - PBC tenants participate in discounted purchasing programs through this regional trade association.

Strategic tierMinorTypeOthers
Description

California's life science trade association - PBC tenants participate in discounted purchasing programs through this regional trade association.

4LA/OC Biotech Center
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Regional voice connecting life science leaders, students, and educators. PBC assists community college biotech program directors to connect with industry and align curriculum with industry needs through this center.

pasadenabio.org
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Innovative science education program providing teacher professional development, teaching materials, and research-grade equipment and supplies to secondary schools. PBC participates in this program for educational outreach and workforce development.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Longtime collaborator in the LA Biotech Corridor ecosystem. Student teams from Caltech compete in innovation events hosted by PBC.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Regional research institution collaborator in the Pasadena life science community and LA Biotech Corridor.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

PBC is an approved training provider under the State of California Eligible Training Provider List (ETPL) and provides training eligible for funding by the Workforce Innovation and Opportunity Act (WIOA).

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeRegional player
Description

Academic-adjacent wetlab incubator programs in the Southeast (e.g., Georgia Bio, Emory) serve early-stage biotech startups with shared equipment and BSL facilities in a distinct regional market from SoCal.

TypeDirect peer
Description

LabCentral is a nonprofit biotech incubator in Cambridge, MA providing shared wetlab benches and equipment to early-stage life science startups. Most direct functional analog: rental-based model, BSL facilities, no-equity positioning for founders.

3University City Science Center
TypeDirect peer
Description

The University City Science Center operates the Port Incubator program in Philadelphia, offering shared wetlab space for early-stage life science companies. Comparable nonprofit incubator model serving academic-adjacent biotech founders.

TypeRegional player
Description

TMC Innovation Institute provides accelerator and incubator programs with wetlab access for biotech startups in Houston's Texas Medical Center. Comparable regional nonprofit incubator targeting biotech founders in a distinct geography.

TypeDirect peer
Description

IndieBio runs biology-focused startup accelerator programs with shared lab infrastructure in San Francisco and New York. Comparable BSL lab access for biotech founders, though takes equity whereas Pasadena Bio does not.

TypeBroad incumbent
Description

JLABS is J&J's global network of no-strings-attached life science incubators providing lab space, equipment, and mentorship. Significantly larger and well-funded; competes for the same early-stage biotech founders in multiple geographies.

TypeDirect peer
Description

BioGenerator is St. Louis's nonprofit life science startup engine, providing shared lab space, equipment access, and seed funding. Comparable nonprofit mission, BSL-2 infrastructure, and mission of regional biotech ecosystem building.

TypeBroad incumbent
Description

Alexandria LaunchLabs is Alexandria Real Estate's branded wetlab incubator operating in NYC and Cambridge. Backed by a major life science REIT; comparable offerings (lab benches, equipment) at premium positioning.

TypeDirect peer
Description

MBC BioLabs operates shared wetlab incubator space (originally Bay Area, now expanding into multiple metros including LA). Closest geographic competitor; offers bench rental and equipment access to early-stage biotech startups targeting similar SoCal founders.

TypeDirect peer
Description

BioBAT provides shared wetlab and BSL-2 space in Brooklyn to early-stage life science companies, with a mission-aligned model of reducing capital barriers. Comparable business model and customer profile to Pasadena Bio.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers14 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles12 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Pasadena Bio

Biotechnology Incubator Servicespasadenabio.org

Pasadena Bio firmographics

Firmographics
Name
Pasadena Bio
Legal name
Pasadena Bio Collaborative Incubator
Website
https://pasadenabio.org
Company type
Private
Founded year
2004
Operating status
Operating
Headcount range
1–10 employees
Ownership category
akta.pro rank

Pasadena Bio industry classification

Industry
Product category
Biotechnology Incubator Services
NAICS
Research and Development in Biotechnology (except Nanobiotechnology) (541714)
SIC
Laboratory Apparatus & Furniture (3821), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564)
akta.pro primary industry
Lab Furniture, Facilities & Utilities (Benches, Casework, Gas/Water Systems) (HLAGAIAM)
akta.pro secondary industries
Bioprocess Facility, Cleanroom & Utility Systems (HVAC, WFI, CIP/SIP, containment) (HLAAAJAJ), General Lab Equipment (Centrifuges, Incubators, Shakers, Ovens) (HLAGAIAC)

Keywords

  • Wetlab incubator services
  • Shared lab equipment
  • Biotech startup space
  • Biotech workforce training
  • Life science facilities

Where Pasadena Bio is headquartered

Location

Headquarters

HQ city
Pasadena
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Pasadena Bio business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

  1. Lab Space Rental: Monthly rental fees from tenant companies occupying wetlab benches, with revenue derived from approximately 100+ companies over 22 years of operation. Rental rate is $2,375 per month per bench unit including storage, desk, and shared equipment access.
  2. Donations and Grants: Nonprofit funding through charitable donations (501(c)(3) organization, FEIN: 30-0150121) and government grants. Received support from Pasadena Community Foundation for equipment acquisitions and CSL Behring for educational supplies.

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyBase wetlab bench rental
SubscriptionMonthlySpecialized containment facilities

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Pasadena Bio product offering

Product offering

Core offering

Pasadena Bio is a non-profit wetlab incubator that leases physical laboratory benches, shared scientific equipment, and containment facilities to early-stage life science and biotech companies on a month-to-month basis. Tenants gain 24/7 access to BSL-1, BSL-2, and BSL-2+ tissue culture facilities with HEPA filtration, plus a comprehensive shared equipment inventory, and may participate in workforce training programs and business/technical support services. The incubator does not take equity or IP from tenants, distinguishing it from commercial accelerators.

Product overview

Pasadena Bio Collaborative Incubator is a nonprofit life-science incubator offering a unified platform of affordable wetlab facilities and workforce development programs. The core offering consists of shared laboratory benches with 24/7 access and specialized equipment (BSL-1/BSL-2/BSL-2+ facilities, RT-PCR, sequencing, microscopy systems), complemented by training programs including the Amgen Biotech Experience for secondary schools, internships for students, CITI Program courses for tenants, and pre-apprenticeship programs. Additional support services encompass business development, grant assistance, legal/IP support, and regulatory affairs guidance. The organization does not take equity or royalties, allowing tenants to retain 100% of their IP.

Differentiator

Problem solved

Functional benefit

Products and services

  • Wetlab Incubator Facilities A non-profit wetlab incubator providing benches, shared equipment, and office space for early-stage life science and biotech companies. Includes 24/7 lab access, BSL-1, BSL-2, and BSL-2+ tissue culture facilities with HEPA filtration, available on month-to-month leases at $2,375/month per bench.
  • Shared Use Equipment Access Access to specialized lab equipment including autoclave, biosafety cabinets, fume hoods, centrifuges, PCR systems, HPLC (Agilent), RT-PCR (QuantStudio 5, Bio-Rad CFX96), Illumina MiSeq, genetic analyzers, lyophilizers, NMR spectrometer (Nanalysis), and 3D printing capabilities, available to tenants as part of the bench rental.
  • Internship Program Unpaid internships available each year for college and high school students, providing hands-on laboratory experience and work skills valued by the life science industry.
  • Pre-apprenticeship Training Pre-apprenticeship training opportunities for chemical technician and biological technician (200 hours each) under the State of California Eligible Training Provider List, with training eligible for WIOA funding.
  • Amgen Biotech Experience Program An innovative science education program providing teacher professional development, teaching materials, and research-grade equipment and supplies to secondary schools, administered through the LA/OC Biotech Center.
  • CITI Program Training Collaborative Institutional Training Initiative courses available to tenant companies at no cost, covering biosafety, bloodborne pathogens, laboratory chemical safety, good laboratory practice, statistical analysis, and grant proposal development.
  • Business & Technical Resources Comprehensive support services for tenants including bioinformatics guidance, business development, cell culture consultation, grant assistance, legal/IP support, regulatory affairs guidance, market research, and manufacturing expertise.

Quantifiable outcome

  • 100+ tenant companies supported since 2004, with notable exit including Calimmune acquired for $400M by CSL Behring
  • +2 more outcomes

Companies that use Pasadena Bio

Customer profile

Named customers14 records

Segments3 records

Ideal customer profiles3 records

Pasadena Bio technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Pasadena Bio partnerships and signals

Strategic signal

Partnerships

Eight partnerships are on record, tiered core and minor.

  • CSL BehringcoreOthersCSL Behring made a generous donation of lab supplies, computer monitors, and office supplies to Pasadena Bio. This contribution supports the mission of PBC's educational training programs and benefits local high schools and community colleges throughout Los Angeles County. CSL Behring also previously acquired Calimmune Inc., a PBC graduate company, for $400 million in 2017.
  • SoCalBiominorOthersSouthern California Biomedical Council - PBC tenants participate in discounted purchasing programs through this regional trade association.
  • BioComminorOthersCalifornia's life science trade association - PBC tenants participate in discounted purchasing programs through this regional trade association.
  • LA/OC Biotech CentercoreStrategic or Co-development PartnerRegional voice connecting life science leaders, students, and educators. PBC assists community college biotech program directors to connect with industry and align curriculum with industry needs through this center.
  • Amgen Biotech ExperiencecoreStrategic or Co-development PartnerInnovative science education program providing teacher professional development, teaching materials, and research-grade equipment and supplies to secondary schools. PBC participates in this program for educational outreach and workforce development.
  • CaltechminorStrategic or Co-development PartnerLongtime collaborator in the LA Biotech Corridor ecosystem. Student teams from Caltech compete in innovation events hosted by PBC.
  • Huntington Medical Research Institutes (HMRI)minorStrategic or Co-development PartnerRegional research institution collaborator in the Pasadena life science community and LA Biotech Corridor.
  • California State University SystemminorStrategic or Co-development PartnerPBC is an approved training provider under the State of California Eligible Training Provider List (ETPL) and provides training eligible for funding by the Workforce Innovation and Opportunity Act (WIOA).

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Pasadena Bio competitors and assessment

Company assessment

Regional players

  • Emory University Biotech Lab (ATL): Academic-adjacent wetlab incubator programs in the Southeast (e.g., Georgia Bio, Emory) serve early-stage biotech startups with shared equipment and BSL facilities in a distinct regional market from SoCal.
  • BioEnterprise Houston (TMC Innovation): TMC Innovation Institute provides accelerator and incubator programs with wetlab access for biotech startups in Houston's Texas Medical Center. Comparable regional nonprofit incubator targeting biotech founders in a distinct geography.

Direct peers

  • LabCentral: LabCentral is a nonprofit biotech incubator in Cambridge, MA providing shared wetlab benches and equipment to early-stage life science startups. Most direct functional analog: rental-based model, BSL facilities, no-equity positioning for founders.
  • University City Science Center: The University City Science Center operates the Port Incubator program in Philadelphia, offering shared wetlab space for early-stage life science companies. Comparable nonprofit incubator model serving academic-adjacent biotech founders.
  • IndieBio: IndieBio runs biology-focused startup accelerator programs with shared lab infrastructure in San Francisco and New York. Comparable BSL lab access for biotech founders, though takes equity whereas Pasadena Bio does not.
  • BioGenerator: BioGenerator is St. Louis's nonprofit life science startup engine, providing shared lab space, equipment access, and seed funding. Comparable nonprofit mission, BSL-2 infrastructure, and mission of regional biotech ecosystem building.
  • MBC BioLabs: MBC BioLabs operates shared wetlab incubator space (originally Bay Area, now expanding into multiple metros including LA). Closest geographic competitor; offers bench rental and equipment access to early-stage biotech startups targeting similar SoCal founders.
  • BioBAT Innovation Center: BioBAT provides shared wetlab and BSL-2 space in Brooklyn to early-stage life science companies, with a mission-aligned model of reducing capital barriers. Comparable business model and customer profile to Pasadena Bio.

Broad incumbents

  • JLABS by Johnson & Johnson: JLABS is J&J's global network of no-strings-attached life science incubators providing lab space, equipment, and mentorship. Significantly larger and well-funded; competes for the same early-stage biotech founders in multiple geographies.
  • Alexandria LaunchLabs: Alexandria LaunchLabs is Alexandria Real Estate's branded wetlab incubator operating in NYC and Cambridge. Backed by a major life science REIT; comparable offerings (lab benches, equipment) at premium positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Pasadena Bio social profiles

Digital presence

Pasadena Bio financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Pasadena Bio leadership team

Management profile

Number of profiles

Profiles12 records

Pasadena Bio funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Pasadena Bio M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pasadena Bio

What does Pasadena Bio do?

Pasadena Bio is a non-profit wetlab incubator that leases physical laboratory benches, shared scientific equipment, and containment facilities to early-stage life science and biotech companies on a month-to-month basis. Tenants gain 24/7 access to BSL-1, BSL-2, and BSL-2+ tissue culture facilities with HEPA filtration, plus a comprehensive shared equipment inventory, and may participate in workforce training programs and business/technical support services. The incubator does not take equity or IP from tenants, distinguishing it from commercial accelerators.

Is Pasadena Bio a public or private company?

Pasadena Bio is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was Pasadena Bio founded?

Pasadena Bio was founded in 2004. It employs 1 to 10 people.

Where is Pasadena Bio based?

Pasadena Bio is headquartered in Pasadena, United States, in the North America region.

How does Pasadena Bio make money?

Two revenue lines are on record. Lab Space Rental is the primary driver. The others are donations and Grants.

Who are Pasadena Bio's main competitors?

Regional players on record are Emory University Biotech Lab (ATL) and BioEnterprise Houston (TMC Innovation). Direct peers are LabCentral, University City Science Center, IndieBio, BioGenerator, MBC BioLabs and BioBAT Innovation Center. Broad incumbents are JLABS by Johnson & Johnson and Alexandria LaunchLabs.

Does Pasadena Bio have an API?

No public API is recorded for Pasadena Bio.

What industry is Pasadena Bio in?

Pasadena Bio's product category is Biotechnology Incubator Services. Its primary akta.pro industry code is HLAGAIAM, Lab Furniture, Facilities & Utilities (Benches, Casework, Gas/Water Systems), with a secondary code of HLAAAJAJ, Bioprocess Facility, Cleanroom & Utility Systems (HVAC, WFI, CIP/SIP, containment). Its NAICS code is 541714 and its SIC code is 3821.

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Live signals
PasadenanowCancer Drugs, Foldable Helmets and Quantum Computing: Connect Week Shows Pasadena’s Innovation Range – Pasadena NowThe Pasadena Innovation Showcase, held April 13 at the Pasarroyo Gathering Event Center, was one of six events during Connect Week 2026, a five-day series co-hosted by the volunteer-run nonprofit Innovate Pasadena and the City of Pasadena Economic Development Division. Student teams from Caltech, ArtCenter College of Design, USC, and Pasadena City College competed for $1,000 prizes, with winners including Caltech's Andrew Lu and Lukas Moeller for brain-targeted RNA cancer drug delivery (Reroute Medicines) and USC's Cooper Schoshinski and Caden Langer for a high-performance electric bike (Vexcite). The event, which drew more than 100 attendees, coincided with Pasadena BioCollaborative Incubator celebrating its 22nd year and welcoming its 100th company, VelvEtch, a startup developing bio-compatible polymers for drug delivery and neural interface technologies.PasadenanowOne Hundred Companies Later, Pasadena’s Biotech Incubator Is Still Giving Lab Space Away — Without Taking a Cent – Pasadena NowThe Pasadena BioCollaborative Incubator has celebrated hosting its 100th tenant company, VelvEtch, marking 22 years of operation since its founding in 2004. The incubator operates on a unique model of providing affordable lab space, shared equipment, and mentorship to early-stage biotech companies without taking equity or royalties. Notable success stories include Calimmune Inc., which grew inside the incubator before being acquired by CSL Behring for $400 million in 2017, demonstrating the model's track record of producing successful exits.