
State of Illinois announces “Tech Incubator Enhancement Grants Program”
Under the initiative, qualified entities can apply for grants from $10,000 to $3 million.
TIEG was designed to modernize and revitalize tech incubators across Illinois to meet the evolving needs of start-ups. This initiative aims to support the transformation of tech spaces, embracing a hybrid work model, and fostering an ecosystem of innovation, collaboration, and resilience.
In addition to strengthening Illinois’ existing incubator foundation, TIEG will also lean into key growth industries of the future as outlined in Illinois’ 2024 Economic Growth Plan, including: (1) life sciences; (2) quantum computing, artificial intelligence, and microelectronics; (3) clean energy production and manufacturing; (4) advanced manufacturing; (5) next generation agriculture, agriculture tech, and food processing; and (6) transportation, distribution, and logistics.
Through the competitive NOFO process, qualified entities can apply for grants from $10,000 to $3 million. Applications will be accepted until March 17.
Like what you've read?
Forward to a friend!