SALT LAKE CITY, Utah (ABC4 Utah) -- It's been years in the making and on Thursday, the University of Utah unveiled its much anticipated Lassonde Entrepreneur Institute's Lassonde Studios.
It's a one of a kind facility where students live, learn to be entrepreneurs and where their dreams are realized.
They get to create and launch their business, all while going to school.
Jaron Hall, Senior, "this is where I come to work on campus, go to class, then come back and work."
22-year-old Jaron Hall is a senior at the University of Utah. He's been a part of half a dozen companies. He's sold two of them and started two other businesses at Lassonde Studios.
He created TheUtahBox.com which allows you to pick items unique to Utah and package them up.
"you can kind of send it to family and friends from Utah or people who miss it."
Sophomore Colby Russo is CEO and Founder of Evok clothing line. He has a prominent store front at Lassonde Studio. After two years he's making a profit.
"our projected earnings this year is around $30k."
Troy D'Ambrosio, Lassonde Entrepreneur Institute Executive Director, "this is where a student can come in, get together, try an idea and learn from each other. It doesn't matter if you fail or succeed it's about trying and it's combined with the residential community which is unique. Those kind of things don't exist where you can live 24 hours a day and live with other entrepreneurs."
Lassonde Studios is named after Pierre Lassonde, a world renowned investor, who has donated millions to building the facility.
The studio houses 400 students, freshman through seniors. They live an environment where their creative minds can grow.
They'll have unprecedented access to resources, experts, and anything you can think of to start a business.
Ambrosio, "there's a full proto-typing 3D printer, laser cutter, sewing machine, glue gun anything to make or launch a company."
Lassonde Studios is not just about making money. Their motto: dream big and change the world.
By the way, a third of sales from Colby's clothing line goes back into the Salt Lake City community.
Since 2006 the David Eccles School of Business has helped launch more than 350 businesses.
The 45 million dollar facility was financed by Pierre Lassonde and other donors.
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