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70th Edition
✍🏽 This Week’s Lineup:
👩‍🔬 UChicago’s Science Strategy
đź“Š Chart of the Week
📆 Events Around the City
🔙 Previous Editions of the Driver’s Seat
👩‍🔬 UChicago’s Science Strategy
Two partnerships were recently announced to help fuel biotech in Chicago, which will increase early-stage capital for deep tech companies.
Let’s learn more:
Portal Innovations 🤝 UChicago
Portal Innovations is collaborating with the University of Chicago’s Polsky Center to establish a science startup incubator at Hyde Park Labs. This partnership aims to drive scientific research towards impactful commercialization.
The incubator will cover 22,000 square feet at Hyde Park Labs, opening in Q2 2025.
Portal Innovations will manage design, buildout, and daily operations, offering comprehensive support to startups.
Life sciences, quantum, AI, and climate and energy tech will be the primary focus.
Orange Grove Bio 🤝 UChicago
Orange Grove Bio is partnering with the University of Chicago’s Polsky Center to bridge the gap between academic research and commercial development.
Orange Grove Bio will license and develop life sciences technologies from the University, leveraging its financing and evaluation expertise.
Providing scientific and business expertise, Orange Grove Bio will help early-stage company formation, moving research from lab to clinic.
The partnership includes workshops, seminars, networking events, and a PhD internship program for career exploration and industry perspectives.
The Impact
These partnerships are important in strengthening Chicago’s biotech ecosystem, combining industry resources with the University of Chicago's research capabilities.
Access to state-of-the-art facilities and a world-class academic community will facilitate translating innovative ideas into commercial outcomes.
Attracting and retaining local talent, these initiatives will foster a vibrant innovation ecosystem on Chicago’s South Side and beyond.
Addressing regional gaps in VC funding will strengthen the biotech ecosystem, benefiting the academic community and the broader Chicago area.
đź“Š Chart of the Week
Recent data shows VC investments in critical technologies, including quantum, often surpass US DoD funding, benefiting Chicago's quantum and overall deep tech research landscape.
Since 2017, Illinois quantum startups have raised $33.2m across 27 deals, making it the second-highest in the US.
Private sector investments are crucial for advancing quantum science in Chicago, attracting global talent, enhancing its reputation as a quantum research hub, and building strong partnerships with leading tech firms and academic institutions.
📆 Events Around the City
2024 Technology Conference for Construction Professionals
Hosted by AGC
Tuesday Aug 6
Air and Water Show at Portal Innovation
Hosted by Portal
Friday Aug 9
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