INDIANAPOLIS — Indiana University has broken ground on the future home of the IU Launch Accelerator for Biosciences, or IU LAB, a central part of IU’s commitment to position Indiana as a global hub for bioscience innovation, talent and commercialization.
The new facility in the 16 Tech Innovation District will serve as the home of a first-of-its-kind academic-industry initiative that is harnessing the power of IU’s $1 billion research enterprise to strengthen Indiana’s $99 billion life sciences economy.
IU leaders were joined by industry and community partners from around the state on Tuesday to break ground on the five-story, 150,000-square-foot facility, which is slated to open in 2027.
“Through initiatives like IU LAB, we are leveraging IU’s world-class research enterprise and cultivating the next generation of talent to solidify Indiana as a global leader in bioscience discovery, commercialization and workforce development,” IU President Pamela Whitten said. “Today’s groundbreaking sends a clear signal that Indiana and IU are ready to lead the future of human health innovation.”
Full story: IU breaks ground on IU Launch Accelerator for Biosciences: IU News
