Ask HN: Are there any good university-affiliated incubators? 17 years ago
Although not biotech/chem/life sci, Stanford's incubator might be worth looking at:
Note: this is separate from their BASES competition (equiv of the MIT $100k) They take business ideas/biz plans from students, fund them, and let those students run them. I had a great experience learning how to start and run a business through there. However, these companies are VERY MUCH tied to Stanford, and the goal is to give students hands-on entrepreneurship experience rather than to necessarily grow these businesses to become the next Google. Afterall, because these are entirely student-run businesses, turnover is constant!
Harvard has an equiv incubator: http://www.harvardstudentagencies.com/