Forbes cites Research Park as factor behind increased startup funding in IL
Categories : Features, Research Park
Posted on: July 28, 2015
CHAMPAIGN, IL., July 28 – 2015 is shaping up to be a strong year for the startup and early stage investor ecosystem. Activity in Illinois, centered on both Chicago and the U. of I. tech ecosystem, may be a leading indicator of significant growth in funding applications in that region.
Writes Forbes: “Texas continued in its number 3 spot with a slight increase in total funding applications over Q1; 4.3% compared to 4.7%. However several new states have entered the top ten, including Illinois at the number 5 spot with 3.4% of total funding applications, Georgia at number 7 with 2.9%, and Missouri at number 10 with 2.2%. Activity in Illinois, centered on both Chicago and the University of Illinois tech ecosystem, may be a leading indicator of significant growth in that region.”
Startups in Research Park made headlines this month for successfully raising capital for their companies. In July, Aptimune Biologics raised $2.75 million in Series A Funding, and Agrible raised $4.1 million in Series A Funding.