There's a sprawling college building in Utah where 400 students live, sleep, and study to be entrepreneurs around the clock

• Lassonde Studios at the University of Utah is a building where 400 students live, sleep, and work on their startup ideas.

• It's the headquarters of the Lassonde Entrepreneur Institute, the school's undergraduate entrepreneurship program.

• Executive director Troy D'Ambrosio told Business Insider 1,400 students applied to live in the building, which houses 400.

What if you could live, eat, sleep, and build your startup from scratch, all in one spot?

That's just reality for students living and working in Lassonde Studios at the University of Utah. Not only does the building house 400 students, it's a space for people on campus to pursue their entrepreneurial interests.

It boasts free 3D printers, vending machines filled with tools, and plenty of room for students to work on their fledgling businesses and side hustles.

Business Insider spoke with CannonDesign board member and principal Lynne Deninger and design principal Mehrdad Yazdani - who designed the building - as well as Lassonde Entrepreneur Institute executive director Troy D'Ambrosio and University of Utah junior and Lassonde resident JoCee Porter to get a better sense of what it's like there.

Here's a look inside the multi-faceted building: