Another week, another newsworthy item from the Polsky Center
It is a collaboration with Portal Innovations to design and manage a science start-up incubator known as the UChicago Science Incubator.
Is there something in the water at the University of Chicago’s Polsky Center for Entrepreneurship and Innovation? It certainly seems so with what seems like at least an article each week about something new in the works.
The latest announcement spotlights a partnership between the Polsky Center and Portal Innovations, a national venture creation and development platform, to design and manage a science start-up incubator at Hyde Park Labs. Known as the UChicago Science Incubator, it will encompass approximately 22,000 square feet at Hyde Park Labs, with an anticipated opening in Q2 2025.
The joint effort will help translate early stage concepts into commercial opportunities in the areas of life sciences, quantum, artificial intelligence, and climate and energy tech.
Portal will manage the design, buildout, and support programming in collaboration with the Polsky Center. Portal will oversee day-to-day lab operations to provide seamless growth opportunities for science startups.
“The partnership between the University of Chicago and Portal Innovations underscores the significance of collaboration between academia and industry. By working together, we are better equipped to support our researchers and scientists in advancing their scientific research and innovation toward impact through commercialization,” said Juan de Pablo, Executive Vice President for Science, Innovation, National Laboratories, and Global Initiatives at the University.
Hyde Park Labs will be connected to Portal’s growing national network of ecosystems consisting of infrastructure, capital, and talent focused on scientific translation to fuel commercial breakthroughs. With access to state-of-the-art facilities at Hyde Park Labs and a world-class academic community at the University of Chicago, researchers and entrepreneurs will have the resources they need to drive groundbreaking discoveries and bring new technologies and products to market.
“Continuing to expand our offerings and capabilities is key to our mission of translating innovative ideas and technologies from the University of Chicago ecosystem to the world – and this announcement is the latest in support of that,” said Samir Mayekar, Managing Director of the Polsky Center.
Hyde Park Labs will deliver approximately 303,000 square feet of world-class laboratory and office space near the University’s main campus and the University of Chicago Medical Center. The building is expected to be completed in late 2024 and will create the advanced lab infrastructure needed to support a science and technology hub on the South Side.
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