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Saint Paul, MN (2018)

University Enterprise Laboratories, Inc.

UEL provides wet labs, office space, and innovation/collaboration spaces, and expanding their current facility.

Investment

  • NMTC Amount: $7,000,000
  • Total Project Cost: $390,066,213

IMPACT

  • 320 FTE jobs
  • 75 construction jobs

Investor

Project Description

University Enterprise Laboratories (UEL) is a business incubator for early-stage ventures in biotechnology and life sciences. It received NMTC financing from University Financial Corp.

It is uniquely positioned between Minneapolis and St. Paul, close to the University of Minnesota, in the growing Towerside Innovation District. UEL features flexible wet lab space, office and conference space, in addition to education, services, and connections for our resident companies. It offers emerging companies an environment that supports and understands the needs of startup technology companies. Some of the benefits offered by UEL include:

  • Elimination of up-front lab build-out costs
  • Synergy with other incubator companies
  • Location central to the Twin Cities
  • Geographic proximity to the University of Minnesota
  • Access to shared business equipment
  • Access to shared scientific equipment, such as autoclaves, centrifuges, de-ionized water source, bio-safety cabinet, and more
  • Access to shared conference spaces

MAP

Address: 1000 Westgate Drive, Saint Paul, MN 55114

Census Tract: 27123031900

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