Green Street Innovation Center in Design Review
For more than a century, Caltech has helped position Southern California at the forefront of innovation and made Pasadena a destination for the study of life, health, the earth, other worlds, and the cosmos. A new research and development innovation center on Green Street will build on this legacy, fostering local economic growth and fueling the development of new treatments and technologies with the potential to improve lives within the region and far beyond.
The proposed project, currently under design review by the City of Pasadena, is being developed by Trammell Crow Company under a long-term ground lease on property owned by Caltech. The project is designed as an R & D office building with laboratory and incubator space to support Caltech's life-science start-ups alongside established partners and companies that are part of a growing research and innovation hub in Pasadena.
Construction of the Innovation Center is the next step in a long-term effort by Caltech to foster an environment that supports the entrepreneurial pursuits and interests of faculty, students, and researchers; supports the creation and retention of Caltech start-ups in the area; and brings new business and STEM career opportunities to the region.
"This new state-of-the-art facility will play a critical role in translating breakthrough technologies from academic labs into new therapies, diagnostic tools, and other products that benefit society, while bringing economic growth to the area and creating high-quality jobs," says Fred Farina, Caltech's chief innovation and corporate partners officer.
Over the past decade, the Institute has helped Caltech faculty, students, and postdoctoral scholars launch more than 100 start-ups, translating cutting-edge discoveries and developments from the university's laboratories into products with potential value and benefit to society. Many of these companies have established themselves in the region, but many others have reported that they have had to move to more established life-science hubs, such as San Diego and San Francisco, to find the R&D office and laboratory space they need.
The proposed Green Street Innovation Center will provide much-need incubator facilities to support science start-ups as they grow, keeping these businesses local and helping develop a cluster of talent and expertise in the community. The Innovation Center, along with the companies it hosts, will join a burgeoning science, technology, and engineering ecosystem, which has grown in recent years with the arrival of Amazon Web Services, Meta, and Carnegie Science, among other partners.
More information is available online.