Portal Innovations is partnering with the University of Chicago’s Polsky Center for Entrepreneurship and Innovation to design and manage a science startup incubator at Hyde Park Labs.
The joint effort will help translate early-stage concepts into commercial opportunities in areas including quantum, AI and climate and energy tech.
Hyde Park Labs will deliver approximately 303,000 square feet of world-class laboratory and office space near UChicago’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.
Portal will manage the design, buildout and support programming in collaboration with the Polsky Center – and oversee day-to-day lab operations to provide growth opportunities for science startups.
John Flavin, Founder and CEO, Portal Innovations, said: ” With science moving quickly, it’s necessary to connect academic researchers with private industry to commercialize innovation while attracting and retaining talent locally.”
Juan de Pablo, Executive Vice President for Science, Innovation, National Laboratories and Global Initiatives, UChicago, said: “By working together, we are better equipped to support our researchers and scientists in advancing their scientific research and innovation toward impact through commercialization.”
Samir Mayekar, Managing Director, Polsky Center, said: “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.”
