Incubator

EnterpriseWorks is a technology business incubator that supports University of Illinois and community entrepreneurs in all stages of their startup journey.  Its clients build and create disruptive technologies across a wide range of areas, reflecting the depth and breadth of the university expertise in agtech, biotechnology, chemical sciences, software development, materials sciences and more.

EnterpriseWorks startups are working to address challenges with results that are transformative. More often than not, they are bringing leading University of Illinois research to the marketplace.

EnterpriseWorks remains the heart of the Research Park’s community building efforts, and ensures the intersection of the Research Park’s startup and corporate innovation community with faculty, students, and staff at the University. Its atrium is a hub of activity, housing meetups and workshops.

History

EnterpriseWorks was built in 2003 to help successfully launch early-stage technology companies. The incubator is owned and operated by the University of Illinois. Since opening, EnterpriseWorks has launched more than 200 startup companies.

Named as one of Inc Magazine’s “Top 3 College Town Incubators” and as one of Forbes‘ “12 Business Incubators Changing the World,” EnterpriseWorks is an incubator facility and resource center for science and technology focused entrepreneurs.

Join Us

As we say at EnterpriseWorks: we don’t check your LinkedIn at the door. All are welcome to attend events and request resources. You don’t have to have a formed a company or even have an idea for a startup to participate in entrepreneur educational workshops. Some programs may have minimum requirements to gain access.

To become a tenant or affiliate at EnterpriseWorks, a company must apply. See the application process below.

All leases in EnterpriseWorks last one year; renewal is based on company progress and the continued need of incubation services. The typical incubation period is three to five years.

EnterpriseWorks Tenancy

Tenants at EnterpriseWorks have full access to its suite of services for entrepreneurs and benefit from the peer community that envelops it.

 

Acceptance as a tenant is contingent upon meeting the following criteria:

 

• The applicant must be an incorporated, for-profit company with a valid tax ID.
• The applicant must be an early-stage, technology-based company with significant market potential.
• The applicant must have (or wish to have) an active relationship, in some form, with the University of Illinois at Urbana-Champaign.
• The principals involved should be well-qualified in their field of technology and have (or plan to have) experienced management as part of the team.
• The company must be financially solvent with a plan to raise sufficient capital to achieve its business plan.

EnterpriseWorks Tenant Application

 

Have questions? Contact Cynthia Faullin, Associate Director of Incubator Management, at cfaullin@illinois.edu.

EnterpriseWorks Affiliate Program

The EnterpriseWorks Affiliate Program is a pre-incubation program for early-stage startup companies. This program is designed to help inventors and entrepreneurs to access EnterpriseWorks' services and become tenants of the Research Park through an affordable program.

 

To be considered for the affiliate program, the applicant:

• Must be a for-profit business
• Must have a real need for the services offered through EnterpriseWorks
• Must be a technology-based business with commercial potential
• Must have well-qualified principals involved with the business

 

Affiliate Application

EnterpriseWorks Individual Membership

The EnterpriseWorks Individual Membership is designed to provide access to EnterpriseWorks' services to solo entrepreneurs, contract workers, or professionals who are working remotely.

 

To be considered for individual membership, the applicant:

• Must be a well-qualified individual
• Must be working for or starting a for-profit business
• Must have a real need for the services offered through EnterpriseWorks
• Must be working on a research or technology related professional opportunity

 

Individual Membership Application

Student Startup Initiative

Students may submit proposals to be considered for access to the co-working space and shared lab facilities in EnterpriseWorks, the startup incubator at the Research Park. Proposals are accepted on a competitive basis. Occasionally, shared space that is dedicated to student startups may be available, but it is not guaranteed.

 

To be considered for student startup membership, the applicant:

• • Must have a founder/executive that is currently enrolled at the University of Illinois
  • Must be starting a for profit business
  • Must have a real need for the services offered through EnterpriseWorks
  • Must be a technology-based business

*Most of the available student startup space is dedicated to Cozad New Venture Competition and Lemelson-Illinois Prize winners.

Student Startup Initiative Application

Tenant Resources

Tenant Discounts

EnterpriseWorks companies have access to a variety of tenant discounts including discounts on payment platforms, customer relationship management, hosting programs, and more.

If you are a current EnterpriseWorks tenant and would like more information on how to access these discounts, contact Cynthia Faullin at cfaullin@illinois.edu.