This CIC Labs location will provide Chicago-area scientists the opportunity to join CIC’s global network of scientists and innovators tackling some of the greatest challenges in the health and life sciences fields
Chicago, IL & Cambridge, Mass. – June 21, 2023– Today, the University of Chicago and CIC announced that they will partner on a state-of-the-art lab incubator at Hyde Park Labs that will support entrepreneurs and start-up companies focused on life sciences.
The creation of CIC Labs at Hyde Park Labs will include a facility spanning 20,000 square feet of wet lab and office space, operating within UChicago’s leased space in Hyde Park Labs. The CIC space will focus on startup companies of UChicago faculty members, helping to extend the impact of their research, discoveries, and intellectual property. CIC Labs will provide a dynamic environment where startups, researchers, and industry experts can collaborate, innovate, and accelerate the development of groundbreaking ideas.
The new facility will be a vital part of Hyde Park Labs, which is being built as a second phase of Harper Court – 53rd St.’s flagship mixed use development, with commercial, retail, office, and hotel spaces.
“We are thrilled to collaborate with the University of Chicago to bring CIC’s shared labs model to this vibrant city,” said Sarah Delmar, Vice President Global Expansion & Corporate Development at CIC. “This expansion will not only provide an exceptional platform for startups and researchers, but also enable us to play an active role in the thriving innovation ecosystem of Chicago and drive connections through our global network of innovation campuses.”
Strategically located at the epicenter of Hyde Park on the corner of 52nd Street and Harper Avenue, Hyde Park Labs is located a few blocks from UChicago’s main Hyde Park campus and the University of Chicago Medical Center.
“Our community of researchers and entrepreneurs at the University of Chicago, as well as our partners in the city and across the globe are excited to welcome CIC,” said Juan de Pablo, UChicago’s Executive Vice President for Science, Innovation, National Laboratories, and Global Initiatives. “We have a historic opportunity to strengthen Chicago’s innovation capacity, while laying a foundation for further growth in our dynamic Hyde Park neighborhood.”
Trammell Crow Company (TCC), a global commercial real estate developer, and Beacon Capital Partners, a leading real estate developer, owner and manager of life science and office properties, broke ground on Hyde Park Labs earlier this year. 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.
UChicago conducts pioneering research in innovative fields like biomedical sciences, engineering, and quantum technology. As one of the world’s leading research universities, UChicago has top-ranked programs at the Pritzker School of Medicine, the Booth School of Business, and in many other fields; and additionally, has secured $762 million in annual sponsored research and $341 million in NIH funding. Similarly, the Pritzker School of Molecular Engineering hosts world-renowned programs in materials for energy and sustainability, immune-engineering, and quantum engineering.
In recent years UChicago has joined a growing number of prominent research partnerships, including the CNRS-UChicago International Research Center for Fundamental Scientific Discovery, the Chan Zuckerberg Biohub Chicago, and global partnerships with IBM, Google and the University of Tokyo to advance quantum computing.
This strategic partnership with the University of Chicago is another example of CIC’s commitment to expanding its global network of innovation campuses. CIC Labs are purpose-built to support scientists developing solutions to some of the greatest challenges in the health and life sciences fields, and are supported by the world’s leading lab equipment providers. CIC Labs at the University of Chicago will mark CIC’s third U.S.-based wet lab facility and ninth global location.
CIC builds and operates a global network of innovation campuses where startups, scale-ups, corporations and public entities connect, work, and grow. Founded in 1999, CIC manages more than 1 million square feet of innovation-focused workspace, laboratories, and event space across North America, Europe and Asia. Additionally, CIC develops innovation-related programming, builds and enables industry clusters, and provides world-class innovation consulting.
About the University of Chicago
The University of Chicago is a leading academic and research institution that has driven new ways of thinking since its founding in 1890. As an intellectual destination, the University draws scholars and students from around the world to its campuses and centers around the globe. The University provides a distinctive educational experience and research environment, empowering individuals to challenge conventional thinking and pursue field-defining research that produces new understanding and breakthroughs with global impact.