Illinois continues to try to make the state friendly to startup businesses.
The Illinois Institute of Technology has officially opened a new research facility with room for more than 30 startup companies focusing on life sciences, biotech, engineering, materials and chemical research.
The state provided more than $15.7 million in funding for the new 28,000-square foot facility. “The state of the art facility will help accelerate growth of emerging Illinois companies, support a vibrant entrepreneurial environment and create the jobs of today and tomorrow,” Gov. Pat Quinn said.
The new facility has already attracted the interest of energy and biotech startup companies, says John Anderson, president of IIT.