The thinkUbator at Cheyney University is a building redevelopment project for the nation’s first historically black college or university to entice life science companies to on-campus lab space, writes Ryan Mulligan for Philadelphia Business Journal.

The Cheyney University thinkUbator project is the result of a partnership with Mosaic Development Partners and Integrated Project Services.

It retrofits a 700,000-square-foot building on Cheyney’s Delaware County and Chester County campuses. The project includes 30,000 square feet of new lab development and office space.

“There’s been a dearth of communities of color, we think because we haven’t created the right pipeline,” said Greg Reaves, CEO of Mosaic. “Doing this at an HBCU we think gives the ability for others to see true opportunity as a pipeline to talent development and working in this industry.”

The first 10 labs will be built in the third quarter costing between $10 million and $11 million. The project should be finished by 2025.

Mosaic hopes to “reimagine” the Cheyney campus as the university works to repurpose unused and underutilized real estate to generate new revenue and business ideas for the campus.

Read more about Cheyney University’s thinkUbator project bringing life science companies to on-campus labs at Philadelphia Business Journal.

Cheyney University officials talks about the university’s future in this 2019 video.