Eight leading midwestern universities announced today that they are launching a San Francisco–based hub designed to support their startups, advance their research commercialization and connect them with new investors and partners in the San Francisco region.
The Third Coast Foundry is being developed as a two-year pilot project by the following research universities:
- Carnegie Mellon University
- Northwestern University
- Ohio State University
- Purdue University
- University of Chicago
- University of Illinois Urbana-Champaign
- University of Wisconsin–Madison
- Washington University in St. Louis
Combined, the eight universities represent a research powerhouse and a huge talent pipeline, accounting for nearly $10 billion in research investments annually and enrolling more than 300,000 students.
The new partnership will be located at a 3,500-square-foot ground-floor workspace at 625 Second Street in San Francisco’s South Park neighborhood. Managed and operated by the Polsky Center at the University of Chicago, it will provide a base of operations for university-founded startups that will bring together potential investors, highly-skilled talent, and industry partners in the Bay Area.
Source: Eight Leading Midwestern Universities Launch A Bay Area Innovation Hub
