Andrew Steen

MetaCyte Business Lab, a for-profit subsidiary of the UofL Foundation, is a unique and vibrant health and life science incubator. Working with the UofL Office of Technology Transfer and Nucleus, MetaCyte is creating a seamless commercialization process that will yield viable, operating companies with a combined value in excess of $1B by 2020. In partnership with the inventor and co-founder, MetaCyte creates, launches, and manages portfolio companies, acquiring an equity position in each. By avoiding a fee-for-service model, precious capital is freed up and directed to company growth. Since 2002, MetaCyte staff has secured more than $16M in funding for its portfolio companies, which has created in excess of 40 high-paying jobs, and returned more than $11M to UofL for additional research.