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Northwestern University secures $75 million for technology accelerator in Downtown Evanston

Northwestern University has announced plans to create a multimillion-dollar technology accelerator in Downtown Evanston, IL to support start-up companies led by Northwestern faculty in health, life sciences and related fields. The goal is to amplify scientific discovery and innovation by supplying the laboratory space, networking opportunities and management training necessary to address the world’s biggest problems.

The Illinois General Assembly appropriated $50 million for the project as part of the state’s 2022 capital budget, and Alumna Kimberly Querrey, Chair of the Innovation and Entrepreneurship Committee of Northwestern’s Board of Trustees, has made a $25 million personal gift to Northwestern to advance innovation and entrepreneurship.

The collaborative space will provide a home for Northwestern’s highly entrepreneurial faculty to contribute to innovation through commercialization of sophisticated scientific discoveries and will bring economic growth and opportunities to the Evanston and Chicago communities.

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