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CLSA Wire

New BayBio Programs Deliver Offerings to Bay Area Entrepreneurs

SOUTH SAN FRANCISCO, Calif. – February 24, 2011 – Taking a queue from President Barrack Obama’s State of the Union Address and StartUp America, BayBio introduced two new programs to assist entrepreneurs and startups.

“The Federal bureaucracy can raise awareness and create fiscal incentives to promote innovation, but they are looking to industry and local organizations to assist in implementation,” said Gail Maderis, BayBio’s president and CEO. “BayBio is heeding the call to action by providing grass roots support to Bay Area life science entrepreneurs.”

The BioEntreprenuer Help Desk connects startup companies with experts from the Bay Area’s service community experts. Our startups often need help with the business side of their companies and the BioEntreprenuer Help Desk provides pro bono support for business planning, legal and other auxiliary services.

The BayBio Fellows Program provides a one-year scholarship to early-stage  companies of  seven employees  or fewer with discounted rates on lab supplies and other services, best practice seminars, conferences, and other networking events.

The announcement was made prior to the 8th Annual Life Sciences Investor and Entrepreneur Roundtable, a program connecting investors and start ups. To increase visibility of early stage investment opportunities amongst our world class venture community, BayBio hosts the annual Life Science Entrepreneur and Investor Roundtables. This iconic speed dating event for startups and investors and an excellent opportunity for entrepreneurs to network and get on the radar of key funders early.

About BayBio

BayBio is an independent, non-profit 501(c)(6) trade association serving the life science industry in Northern California. The staff and services of BayBio are paid primarily through memberships, sponsorships, and event registration fees. BayBio provides these services through representatives in South San Francisco, Emeryville, Sacramento and through coalition partners in Washington, DC.