The University of Chicago and CIC announced that they will partner on a state-of-the-art lab incubator at Hyde Park Labs to support entrepreneurs and start-up companies in the life sciences sector, according to UChicago News. The creation of CIC Labs at Hyde Park Labs will include a facility with 20,000 square feet of wet lab and office space.

The CIC space will focus on startup companies of UChicago faculty members, helping to extend the impact of their research, discoveries, and intellectual property. The new facility will be part of Hyde Park Labs, which is being built as a second phase of Harper Court, a mixed-use development with commercial, retail, office and hotel spaces.

Trammell Crow Company and Beacon Capital Partners 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.