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Southern California needs to find its hub for it to develop its own tech ecosystem

TechCrunch LA

We’ve also seen a substantial inflow of venture capital from all over the world.”. Our research revealed a saturation level causing unprecedented challenges, starting with exorbitant housing prices and runaway operating costs that accelerate a startup’s “burn rate”—its monthly spending.

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ZeaKal Raises $3.8M

socalTECH

San Diego-based ZeaKal , a plant sciences startup focused on developing technology to increase the yield and oil content of crops, said this morning that it has raised $3.8M in a Series A funding. The round was led by Finestere Ventures, Two Oceans, and the Missouri Soybean Merchandising Council (MSMC). READ MORE>>.

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VelosBio Emerges with $58M in Funding to Steer Cancer Drugs to Clinic

Xconomy

VelosBio, a biotech startup researching new cancer drugs, has raised $58 million in financing. VelosBio joined Johnson & Johnson’s JLABS @ San Diego incubator in January. The new VelosBio cash, a Series A round of financing, was led by Arix Bioscience (LSE: ARIX ) and Sofinnova Ventures.

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JLABS Takes Stock of its Experiment in Life Sciences Innovation

Xconomy

The idea in 2011 was to create a space at what was then Johnson & Johnson’s pharmaceutical research and development facility in San Diego for an “innovation center,” a place where 18 to 20 life sciences startups could incubate, replete with lab space and equipment. The first JLABS incubator opened here.

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MANTA Instruments Finds Funding For Scientific Instruments

socalTECH

The company is part of the EvoNexus startup incubator, and is led by Rick Cooper. MANTA was founded by UC San Diego researchers Dr. Dariusz Stramski, Dr. Kuba Tatarkiewicz, Dr. Rick Reynolds and Monette Karr. READ MORE>>.

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An Entrepreneur’s Quest to Make Seattle a Genome Sciences Hub

Xconomy

Ivan Liachko turned postdoctoral research at the University of Washington into a company whose genomics tools are now found in laboratories researching human, animal, and plant health. His firm, Phase Genomics was one of the first startups to come out of UW’s genome sciences department. Some technologies developed in UW labs.

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Interview with Steve Poizner, Alliance for Southern California Innovation

socalTECH

My last company got acquired by Qualcomm, and Qualcomm wanted me to move to San Diego to run their emerging business portfolio. I then became and EIR at UC San Diego, and joined EvoNexus, the not-for-profit incubator run by the Irvine Company. I think our board is agreement for the need for more venture capital.