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Friday, May 11, 2018

Universities like Harvard and Yale are real estate titans, too.

Universities like Harvard and Yale are real estate titans, too.: You don’t need to drop out of Harvard and move to the West Coast to start a company anymore. You can cross the Charles River to the i-Lab, a 30,000-square-foot incubator for undergraduates that the university founded in 2011. Tech office style prevails in this building behind the vaunted Harvard Business School: open floor, whiteboards, a ping-pong table. In the da Vinci room, students can use machine tools. The mission: “unlocking unrealized value that can have a deep impact on markets, on the world, and on the individuals who walk through these doors.” Or, in plain English, helping undergrads start companies. Across the street is another innovation lab, with a focus on life sciences, open to graduate students and alumni.