Illinois Innovation Voucher Initiative Accepting Applications

Categories : EnterpriseWorks, Investments, Research Park
Posted on: March 21, 2024

The Illinois Innovation Voucher (IIV) initiative is accepting applications on a rolling basis.

This is a new program through the State of Illinois that is being administered through the Illinois Science and Technology Coalition (ISTC) to help Illinois small businesses work with Illinois higher education partners.

Vouchers can help Illinois-based small and medium-sized entrepreneurs (SMEs) unlock new growth opportunities, support research and development needs, foster the creation of innovative products and services, and more. Vouchers cover up to 75% of research engagement costs (up to $75,000), including, but not limited to, the sharing of technologies, knowledge, facilities, and equipment necessary for your project needs, including:

  • Accessing research or scientific expertise
  • New product/process development
  • Commercialization of new or enhanced products
  • Prototyping, piloting, testing, and product validation
  • New business model development
  • New service development
  • Innovation/technology audit
  • Implementing new technology
  • Acquiring metrology, standardization, and certification for new products
  • IP legal consultation

Learn more and apply on the Illinois Science & Technology Coalition website.