News that Cortex officials plan to invest$5 million to renovate the Center for Emerging Technologies and re-brand it as the CIC@CET (Cambridge Innovation Center at the Center for Emerging Technologies) means the CIC is doubling down on its commitment to St. Louis.
The CIC in October signed a 15-year agreement to occupy more than 30,000 square feet of space on the second floor of the @4240 building, located in the heart of the Cortex innovation district in Midtown.
With the CIC now managing operations at the CET, the Cambridge, Massachusetts-based incubator is adding another 87,000 square feet to its St. Louis space, which will now total more than 110,000 square feet. It will use the added space to help accelerate startup companies.