In 2020, Research Park accomplished several milestones despite the numerous adaptions. Research Park offered several programming opportunities for small businesses, launched Illinois Reboot, and received a FAST Center grant to aid the impacts of the pandemic. Here is a glimpse of the 2020 Year in Review:
In a virtual environment, Cargill Innovation Lab, Genective, and the Verizon 5G Innovation Hub expanded into the Research Park community. The I-Hotel and Conference Center expansion, the greenhouse for the RIPE project, and the mixed-use building on 1907 S. Fourth St. completed construction during the fall as well.
After the initial lockdown of COVID-19 in March, Research Park offered over 59 hours of programming engaging 243 companies ranging from EnterpriseWorks graduates to current tenants.
In August, Research Park launched the COVID-19 Technology Acceleration Program. This program offered technical assistance, EDA Cares Act funding, and business development assistance. The EDA University Center received over $300,000 from the EDA CARES Act Recovery Assistance program to assist companies impacted by the effects of COVID-19.
Several startups including EarthSense and Serionix transformed their technology to suit the consequences of COVID-19 such as beginning to create high-tech face masks.
Overall, Research Park reached several milestones in 2020 including securing the Illinois FAST Center grant from the U.S. SBA and the addition of two new staff members.
View previous Year in Review’s: