InCube Labs, a California incubator for medical devices, drug delivery and biotech companies, has raised $30 million in public and private financing so far for its expansion into San Antonio, TX. InCube's founder, Mir Imran, told the San Antonio Business Journal that the company has attracted local investments both in its venture fund and through specific deals for a number of InCube's portfolio companies. Imran told the newspaper that San Antonio is becoming an increasing draw for medical device and biotech companies compared to California because of its cheaper business costs. Story