The Irvine Co. plans to build a $10-million "innovation center" next to the University of California, Irvine, campus to provide technical assistance for fledgling high-tech companies and to encourage better interaction between the university and private enterprise.
Richard G. Sim, a senior Irvine Co. official, said Tuesday that the 100,000-square-foot facility will be a key component of a research park being developed by the university and the Newport Beach-based real estate development firm.
The 265-acre park will also contain the western headquarters of the Washington-based National Academy of Sciences and the Irvine Co.'s executive hotel-conference center, as well as office sites for technologically oriented corporations, he added.
Construction of the seven-acre innovation center is expected to start early next year, with the opening scheduled for early 1988.
Sim said tenants chosen for the center will reflect a wide range of technological fields that could benefit from proximity to the university. In turn, he added, the university may provide professors to serve as consultants and graduate students to work in laboratories.