Q Bay Center opens in San Jose
Bio-medical incubator/accelerator is project of Hangzhou Regional Government, Bio Cube
In December, San Jose welcomed the opening of the new Q Bay Center at 160 East Tasman Drive in North San Jose, in a ceremony that included Vice Mayor Chappie Jones and District 4 City Councilmember Lan Diep. Q Bay Center is a partnership owned by the Hangzhou Regional Government in China and private investors interested in growing bio tech companies in the U.S. The facility offers more than 112,000 square feet of office, lab and conferencing space.
The size and scale of the new Q Bay Center allows for both incubating early-stage start-ups and the rapid acceleration of existing growth businesses. By providing critical services such as business exhibition, consulting, financial and technology cooperation under one roof, the Center can attract existing businesses in bio-medicine, IVD (in vitro diagnostics), medical equipment, artificial-intelligence-based medical services, and mobile/online medical care. Bio Cube, San Jose’s original biosciences incubator, will be taking over the management and operation of all the Q Bay wet lab space.
“Already 40% of the usable space is now leased with a number of leading business from neighboring cities choosing to relocate here,” said Brian Sparkes, Q Bay Center Business Development Manager. “The quality and range of our offer is setting a new standard in both attracting existing businesses and new entrepreneurs. We are very ambitious for the future, and our relationship with San Jose is highly valued.”
For the City of San Jose, this marks a major step forward in looking to grow a sizeable bio-tech presence comparable with other cities in the Bay Area. San Jose has long been recognized as a city that works collaboratively with the private sector and the size, scale and potential impact of Q Bay is driving this strategy.
New partnerships are also anticipated and an early introduction has already been made to San Jose State University’s renowned professor Guna Selvaduray, Chair of the university's Biomedical Engineering Department.
As part of the facility’s introduction to the San Jose area, City Hall hosted the Q Bay Board for presentations by Vic Farlie from the Office of Economic Development and Dr. Gregory Theyel Director of the Bay Area Bio Med network.