With all the news coming out of Austin about emerging companies in the bio-tech segment, it is exciting to report that the Austin Technology Incubator is launching a Bioscience Incubator.  Given that The University of Texas System produced more bioscience patents than any other university from 2000-2004, this seems like a perfect fit for the fourth incubator to be formed inside ATI since it was founded 18 years ago.  Isaac Barchas, the director of ATI, says the goal of the Bioscience incubator is to “ideally build a bridge between early stage companies’ technology and the investment community.”

In addition, the City of Austin has invested $125,000 in the new incubator.  “Emerging technology is a fourth pillar of the city’s economic development policy, which is why the city decided to make the investment in ATI’s latest efforts,” said Brewster McCracken, a member of the Austin City Council. “The biotech and life sciences industry is one of the top sources of venture capital funding globally. If Austin is going to remain a first-rate tech city, it has to have a stout biotech component.”

We fully expect that great companies will soon be located in the Bioscience incubator, mirroring the success of each of the  Information Technology, Clean Energy and Wireless incubators.