IU signs final beam for IU LAB at 16 Tech, a planned anchor for Indiana’s bioscience ecosystem
Indiana University reported on 2026-10-06 that leaders signed the final beam for the IU Launch Accelerator for Biosciences (IU LAB) at the 16 Tech Innovation District. The five‑story, 150,000‑square‑foot facility broke ground in October 2025, was launched with a $138 million Lilly Endowment grant in December 2024, and is expected to open in 2027.
Indiana University reported on 2026-10-06 that leaders signed the final beam for the IU Launch Accelerator for Biosciences (IU LAB) at the 16 Tech Innovation District. The five‑story, 150,000‑square‑foot building broke ground in October 2025 and is expected to open in 2027.
IU LAB is described by the university as an integrated innovation enterprise with three components: an Academic Gateway, a Bio Start‑Up Center (in collaboration with NVIDIA Inception) and Research & Innovation Cores. The project also includes an IU Health Incubator featuring a Life Tech Accelerator powered by Plug and Play and the Central Indiana Corporate Partnership, and lists master collaboration agreements with Cook Medical, Eli Lilly and Company, and Zimmer Biomet. IU President Pamela Whitten commented on the project’s impact and noted the Lilly Endowment gift that launched the facility.
Report a correction · Editorial standards · Our source directory
BusinessIndy examines this development and its implications for Indiana businesses and communities using the linked sources.
Related coverage
- Section 3 of I‑69 Ohio River Crossing completed in Evansville; $202M in approach roads and bridges finished
- 29th District Senate contenders pitch utility-tax cuts, property-tax limits and childcare changes that could lower household costs
- Indiana pushes Grissom site as candidate to host U.S. Space Academy, seeking campus investment
Reader discussion
Join the discussion. Every comment is checked before publication. Community rules and appeals