According to the article, Pfizer is “planning to spend $10 million annually for at least the next five years, incubating promising innovations or ideas as they germinate into startup companies. […] San Diego, Mackey said, offers the ecosystem that could make the incubator concept a success. It has the research institutes to generate the innovations. It has support programs for startup, such as Connect, a nonprofit that provides guidance and connections to promising startups. And it has MBA candidates at the University of California San Diego’s Rady School, many of whom are already working in industry and who could get experience and classroom credit for helping the incubating companies with administrative aspects, such as writing a business plan. ”
This is good news for Maren Grazzini ’08, who will spend her summer at Pfizer working on this project with SVP Catherine Mackey.
RSA CEO Jasmine Pritchard ’08 contributed this post.