Construction of the 1,000 sqm facility has begun and should be complete in spring 2015. It joins the new Inverness College UHI on the site which will become home to students in autumn 2015.
The new unit builds on a strong nucleus for life sciences research and manufacturing already in the area. The site is adjacent to the Centre for Health Science; Raigmore Hospital; Johnson & Johnson's LifeScan Scotland and the inspiring Charles Jencks designed Maggie's Centre, Highland which was built by Morrison Construction.
HIE's investment in the new Life Sciences facility will provide flexible accommodation and a stimulus for the Life Sciences Enterprise Area at Inverness Campus. An economic impact assessment carried out for the project calculates around 40 jobs could be created in the building.
Donald McLachlan, Regional Director for Morrison Construction's Highland business, said: "We are pleased to have this opportunity to build on our association with HIE and the Life Sciences sector in the Highlands.
"We are confident that having been entrusted with the delivery of this key project our experienced and dedicated Highland based management team will delivery another quality building that meets the aspirations of all the stakeholders."
Ruaraidh McNeil, HIE's Inverness Campus Project Director, said: "The new Life Sciences unit at plot 8 on Inverness Campus will provide a ready-made asset for potential investors who wish to take advantage of its Life Sciences Enterprise Area status. We know that a major factor in attracting new investment a supporting the growth of our existing businesses is the availability of high quality, flexible space. The benefits of the building design combined with the opportunity to co-locate with other innovative companies, academia and enterprise, confirms the positioning of Inverness Campus as a world class option for prospective investors."