NewHavenBIZ

n e w h a v e n b i z . c o m | M a y 2 0 2 2 | n e w h a v e n B I Z 11 TOTAL PROJECT SIZE: 19,000 SF Building For Your Success NUMET ORANGE, CT For this project, PDS recently completed a 19,000 square foot structural steel / masonry addition for Numet in Orange CT. This project includes a new production space, inspection room, quality control & sound room, overhead doors, restrooms, heavy lighting, a new parking lot, a 20' tall retaining wall and specialty items custom built for their processing department. PDS has always emphasized building long lasting relationships in order to serve our client's needs at any given time. With in-house disciplines of engineering from civil to mechanical, PDS can design the right building to fit your budget and timeline. SPOTLIGHT ON: MANUFACTURING 107 Old Windsor Road, Bloomfield, CT 06002 | 860.242.8586 | pdsec.com THINK • PLAN • BUILD O n T h e R e c o r d | Q & A It is resuming growth here in New Haven, hiring and adding jobs in a research capacity. Arvinas is another Yale spinout from (Yale scientist) Craig Crews' lab that is growing rapidly in Science Park. As soon as (the bioscience tower under construction at) 101 College St. opens, Arvinas will be moving in there, taking a significant chunk of the space at that development. Another good example would be Biohaven Pharmaceuticals, which has been growing rapidly and having a huge impact on human health. Can you elaborate on how you will be helping turn Yale discoveries into viable businesses? Yale Ventures plays several important roles in that journey. First and foremost we are the partner to faculty members and researchers who are doing science. We will be partnering with them to help them patent those innovations and then license out those innovations, either to new startups or to established companies that will help develop their work. So there is the patenting and licensing. We are also working with them to help develop their business concept. We help them think about their market and how they are going to scale their business and attract the initial team that can help build it. We help connect them with investors and mentors, and in many cases, grants or other programs that help them start fast. On the student side, we have Tsai CITY, which is also working with students across a very wide array of programming. is ranges from interesting speakers and workshops around innovative thinking to accelerator programs that help students start up new ventures of their own. What are Yale researchers, faculty and staffers working on now that could be the businesses of the future? Biotech has been an area of real strength for Yale for many years. We expect that to continue and to grow further. Our School of Engineering & Applied Science made a major announcement that they are going to increase by about 50 percent the size of the faculty. It is a major investment the university is making to increase our research and scholarship in that area. We expect that to result in a number of new innovations and startups. Artificial intelligence, data analytics, cybersecurity, block chain — these are a few areas of real growth, interest and innovation right now where we'd expect to see more startups emerging in the coming years. How will these efforts translate to real estate use? As the entrepreneurial ecosystem continues to grow, we will continue to see more startups formed. We'll see more of those startups become large and extremely successful, and we will see more demand for office space, for lab space. I think we should expect to see more development in New Haven to meet the demand of these growing companies. What can we expect from the upcoming Yale Innovation Summit? We are thrilled to be back in person. For anyone who came to the Innovation Summit in the pre-COVID days, this was always a phenomenal event. We are expecting well over 1,000 people. We are going to have dozens of speakers coming in from around the country and pitch competitions from area startups. Programming will include keynote addresses and panels on a variety of topics, ranging from biotech to digital health to innovation in engineering. ere will be prizes awarded for some of the leading startups in the area. ere will be a real opportunity with dozens of venture capital firms in attendance for a lot of those startups to get a lot of visibility with potential investors. We are super excited about it. Visit https://ventures.yale.edu/ yale-innovation-summit-2022 for more information. n RENDERING | CONTRIBUTED An artist rendering of the 101 College St. development, currently under construction.

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