At first, IndieBio’s offices look like another San Francisco workspace, complete with young people in hoodies slurping coffee and gazing at their laptops. But in the basement, is a laboratory where scientists are advancing some remarkable technology.
IndieBio is the world’s biggest biotech accelerator, providing early stage businesses with $250,000 (£192,000) funding, mentoring and rapid business development. It only backs the most ambitious of enterprises. “Either you need to make a lot of money, or blow people’s minds. Anything that falls in between – forget about it,” says IndieBio’s co-founder, Ryan Bethencourt.