Driving Innovation Through Collaboration

In the dynamic landscape of economic development, Research and Development (R&D) stands as a cornerstone by driving innovation, fostering competitiveness, and propelling economies forward. Recognizing the pivotal role of R&D in shaping the future, the Illinois General Assembly, in tandem with Governor Pritzker's visionary leadership, has enacted the Illinois Innovation Voucher Program. As a connector, convener and champion for research and technology based economic development, the Illinois Science and Technology Coalition, in partnership with DCEO, has been chosen to administer this important initiative.

This initiative is more than just a grant program – it is a catalyst for knowledge creation, transforming groundbreaking ideas into tangible products and services that fuel economic expansion. The Illinois Innovation Voucher (IIV) program encourages and facilitates collaboration between small and medium sized enterprises (SMEs) and qualifying Illinois institutions of higher education. By providing vouchers to SMEs, particularly those in the early stages of development, the program is intended to drive Illinois-based innovation. From cutting-edge labs, equipment, access to expert industry research, higher education institutions across the state are primed to help companies create new products and services to boost competitiveness. 

At its core, the Illinois Innovation Voucher Program serves as a conduit for the exchange of knowledge, resources, and ideas, fostering a culture of collaboration and knowledge exchange that reverberates throughout the state, fueling a virtuous cycle of innovation and growth.