(Photo courtesy Chicago Innovation Exchange)

Business incubator

A new space for collaborative innovation opens on 53rd Street.

Square footage of the new Chicago Innovation Exchange space, which opened in October at 1452 East 53rd Street: 17,000

Additional square footage opening across the street in 2015: 7,000

Number of people the CIE campus can accommodate, operating at full capacity: 350

Grant from the State of Illinois to support the development of the CIE: $1M

Resources in the UChicago Innovation Fund to invest in faculty and student start-ups based at the CIE: $20M

Number of new businesses the CIE expects to support each year: 10 to 20