InCube Ventures

InCube Ventures sources companies almost exclusively from InCube Labs, a research incubator Mir Imran founded in 1995. The lab develops technologies internally, files patents, builds prototypes, and establishes the initial management team before the venture fund provides the first institutional capital. This captive sourcing model means the firm rarely participates in competitive fundraising processes and instead invests in entities where it already controls the intellectual property and technical roadmap.

Mir Imran is the Founder and Managing Director and the primary decision-maker for InCube Ventures. Imran's background as a biomedical engineer and serial entrepreneur — with more than 400 patents and a track record of founding companies later acquired by large medical device firms — means investment decisions are driven by technical assessment rather than a traditional investment committee vote.

InCube Ventures is structured as a venture capital firm and registered investment adviser, not a family office. It manages outside limited partner capital through its venture funds while maintaining tight integration with InCube Labs, which holds its own corporate balance sheet and independent funding. The firms share a founder and a pipeline but are distinct legal entities.

The firm targets life sciences sub-sectors including medical devices, digital health, and health-tech enterprise software. While its parent incubator has explored technologies far beyond healthcare — Imran's early career includes semiconductor design — the venture fund has concentrated almost entirely on therapeutic and diagnostic applications. The firm explicitly avoids non-healthcare venture opportunities.

InCube Labs is a life sciences incubator founded in 1995 that performs internal R&D and company formation. InCube Ventures, founded in 2011, is the venture capital firm that invests in companies emerging from the lab. The lab develops technology and forms the company; the venture fund provides early-stage equity financing. Both entities share common leadership under Mir Imran and co-locate at the San Jose headquarters.