Governor Pritzker Awards Multiple Tech Incubator Enhancement Grants
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Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) announced that $7 million in grant funding has been awarded to four grantees through the Tech Incubator Enhancement Grant (TIEG) Program to support entrepreneurship and innovation in key growth industries around the state. These grant awards will strengthen the resilience of both existing and new startup incubators.
“Illinois has an unmatched spirit of innovation and entrepreneurship, and the Tech Incubator Enhancement Grants Program is helping channel that into world-changing advancements and sustainable economic growth,” said Governor JB Pritzker. “Our technology incubators and start-up ecosystem are positioning our state as a powerhouse in the economy of tomorrow, and I am proud to be strengthening our investment in that future.”
The TIEG Program was designed to modernize and revitalize tech incubators across Illinois to meet the evolving needs of startups. This initiative aims to support the transformation of tech spaces fostering an ecosystem of innovation, collaboration and resilience.
“As the State works toward achieving the goals outlined in Illinois’ Economic Growth Plan, grantees in the TIEG Program will help us strengthen our growing technology network,” said DCEO Director Kristin Richards. “Strategic incentivized investments in key sectors will provide critical support to both new and existing technology incubators throughout the state.”
Grantees include: 518 Collective at Carl Sandburg College in Galesburg, DeepTech Innovation Lab at mHUB in Chicago, EnterpriseWorks 2.0 at University of Illinois Urbana-Champaign in Champaign-Urbana, and SouthernTECH High-Tech Food Incubator at Southern Illinois University in Carbondale.
“On behalf of Carl Sandburg College, our heartfelt thanks for approving the 518 Collective for full funding,” said Dr. Seamus Reilly, President, and Eric Johnson, Vice President of Advancement at Carl Sandburg College. “We are looking forward to working with DCEO to see this vision come to fruition. This award will be transformative for the lives of individuals and the economic vitality of our district.”
In addition to strengthening Illinois’ existing incubator foundation, TIEG will also lean into key growth industries of the future as outlined in Illinois’ Economic Growth Plan, including:
ν Life sciences
ν Quantum, AI, and microelectronics
ν Advanced manufacturing
ν Next generation agriculture, agriculture tech and food processing
“The TIEG program is enabling the State to make innovative investments in the key industries of the future,” said Sen. Mike Halpin (D-36). “Illinois will continue to serve as a leader in these critical industries as startup incubators increase their resiliency across the state.”
“Through the Tech Incubator Enhancement Grants Program, the State of Illinois is propelling its workforce toward a future of success in the growing technology ecosystem,” said Rep. Carol Ammons (D-103). “From helping new incubators turn on the lights to supporting existing incubators as they plan for long-term success, momentum is just getting started through TIEG.”
This program is enabling the State of Illinois to provide capital grants to support facilities and equipment to establish new incubators in parts of the state where entrepreneurs may not have access to these services. By supporting existing incubators’ adaptation to a changing business environment, this program is increasing their ability to play a foundational role in Illinois’ economy.
