This Albuquerque Launchpad Lets Biotech Companies Take On a Life of Their OwnThe BioScience Center encourages companies to stay for three years at below-market rates or in exchange for a percentage of equity.

Check out other industries that are benefiting from launchpadshere.

At The BioScience Center, an incubator for biotech and life-science startups in Albuquerque, N.M., entrepreneurs are encouraged to stay for at least three years. "Biotech has a little bit longer runway," says Lisa Adkins, COO and director of the center, which launched in 2013. "It takes them longer to get going and certainly to get funded and to get to proof of concept and whatever sort of testing they need to do." Not to mention, she adds, to get through the protracted FDA-approval process.