QB3 is the University of California’s hub for innovation and entrepreneurship in life science. The institute supports UC researchers and empowers California founders to launch startup companies and partner with industry. QB3 has a 20-year track record of spinning off innovative endeavors such as the venture capital firms Mission Bay Capital and Medtech Venture Partners; several incubators, including QB3@953 (now part of MBC Biolabs); and a health technology initiative, the UCSF Rosenman Institute. QB3 founded and operates Bakar Labs, the incubator at UC Berkeley’s Bakar BioEnginuity Hub. Companies affiliated with QB3 brought in $942 million in funding in 2022.