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UK Breaks Ground on High-Tech Incubator Facility at Coldstream Research Campus
University of Kentucky
From left to right:Â Rick Woodbury, Woodbury Corporation chairman; Eli Capilouto, UK president; Linda Gorton, mayor of Lexington; George Ward, Kentucky Technology Inc. president and UK Coldstream Research Campus executive director; and Ray Daniels, Commerce Lexington.
The University of Kentucky recently broke ground on a $15 million development on UK s Coldstream Research Campus. The facility will offer office and laboratory space for early-stage companies working to develop and commercialize products and services.
âWhen we think about strengthening our economy â particularly following the challenges weâve faced over the past year â we believe that partnership with the city and the business community is the best way to move forward,â said UK President Eli Capilouto. âThis space will create new opportunities for businesses to establish themselves
On Tuesday, Gov. Andy Beshear congratulated the University of Kentucky and its partners on breaking ground for a high-tech building at UK’s Coldstream Research Campus, a $15 million development to provide office and laboratory space for early stage, high-tech companies.
Known as “The Core – Collaboration. Research. Entrepreneurship.” the new facility will be an entry-level resource for companies looking to locate on the research campus. The project is supported by a $500,000 matching grant through the Product Development Initiative (PDI), a statewide investment program created to help communities supplement site or building improvement projects.
“An important part of securing a brighter future for Kentuckians is our ability to establish Kentucky as a premier destination for high-tech businesses,” Gov. Beshear said. “The addition of The Core at UK’s Coldstream Research Campus is evidence that PDI is one of a number of tools that can help us do just that. This new res
• Feb 24, 2021
The University of Kentucky has broken ground on a $15 million facility that will help high-tech startup businesses grow. The university says the new project at its Coldstream Research Campus will offer young companies office and laboratory space to develop. The new 40,000-square foot facility will be named The Core, or Collaboration. Research. Entrepreneurship. It is scheduled to be finished in early 2022.
The new lab on UK’s Coldstream Research Campus will offer early-stage companies office and lab space in an environment where they can further develop and commercialize their products and services. Construction is expected to be completed in early 2022.
Today, representatives from the University of Kentucky, the Woodbury Corporation and state and local officials broke ground on what will soon become a home for early stage, high-tech companies from across Kentucky.