TLDR:
- The University of Chicago partners with Portal Innovations, a venture capital firm, to support new technology in the form of faculty-led companies at Hyde Park Labs.
- Hyde Park Labs, set to open in 2025, will provide lab and office space for life sciences, data science, and renewable energy researchers, contributing to the economic growth of the South Side of Chicago.
Article Summary:
The University of Chicago’s Polsky Center for Entrepreneurship and Innovation has collaborated with Portal Innovations, a venture capital firm, to establish a business incubator at Hyde Park Labs. The 14-story building, scheduled to open in 2025, will offer lab and office space for researchers in life sciences, data science, and renewable energy. The initiative aims to support faculty-led companies and drive job creation on Chicago’s South Side, positioning the region as a key player in science-based job creation. The collaboration with Portal Innovations will provide assistance in designing labs, securing funding, and developing business plans for researchers. The move comes amid a wave of tech investment in the area, including PsiQuantum’s plan to build a quantum computer complex in the region, further enhancing Chicago’s status as a tech hub.
