Lassonde Studios has quintupled the number of student-led startups at University of Utah in just two years according to the school’s new 2018 Annual Report for its breakthrough entrepreneurial education building. Uniting four floors of residence space with a 20,000 entrepreneurial “hangar,” the innovative Lassonde Studios is where students from all disciplines come to live, learn and launch companies. SXSWedu recognized the building with its 2017 Learn X Design Award and the New York Times, Fast Company, Business Insider, Bloomberg and others have all profiled Lassonde Studios.

The annual report also reveals Lassonde Studios has bolstered the university’s national undergraduate and graduate program rankings, increased student engagement, enrollment, scholarships and funding. The entire building is dedicated to student entrepreneurship and idea-sharing, while 400 students live at Lassonde Studios each semester, the entrepreneurial hangar is open to any student, department or staff member on campus.

“You don’t have to sign up for any specific class, you don’t have to pay any fees, you don’t have to join any program,” Troy D’Ambrosio, Executive Director of the Lassonde Entrepreneur Institute told Business Insider. “Your first point of engagement is just to walk in the building. We wanted to make it as open and porous as we possibly could to encourage discovery and innovation 24/7.”

Read the 2018 Lassonde Studios Annual Report >