The IIB was launched in 2006 and is co-located in the research complex of the School of Biological Sciences on the city campus of the University of Auckland. The IIB provides laboratory/office space for co-located companies thereby giving them access to state-of-the-art equipment centres, specialist facilities and services, and world-class technology expertise. The IIB also operates the Master in Bioscience Enterprise programme training business-savvy scientists who understand the value chain from discovery to product and market. Together with regular networking forums and customised industry workshops, the IIB is providing fundamental services promoting the growth of the life sciences industry.