Creating Infrastructure for Tech Parks
.pdf
SUPPORT FOR VENTURE CREATION
»At Universities
–$1B in life sciences research
–Technology Transfer and Commercialization support
–Entrepreneurship Programs—engaging graduate students
–Proof of Concept Funds
STATE OF ILLINOIS SUPPORT FOR VENTURE CREATION
»Angel Fund Tax Credits
»Capital Support for research facilities, technology parks
»Fund of Funds—support for venture funds
FEDERAL SUPPORT FOR LIFE SCIENCES AND ENERGY RESEARCH
»National Institutes of Health
»U.S. Department of Energy
»U.S. Department of Agriculture
»Food and Drug Administration
»Small Business Innovation Research Grants
EARLY STAGE ANGEL AND VENTURE FUNDS
»Heartland Angels
»Hyde Park Angels
»Illinois Ventures
»Ceres Venture Fund
»Energy Foundry: Impact Venture Fund
SUMMARY: CRITICAL COMPONENTS FOR SUCCESS
•Quality basic research
•Quality space for sophisticated life sciences R and D
•Access to markets
•Scientific collaborations
•Early stage capital
•Supportive government programs
•Catalytic organizations and associations
•Capable workforce
25
THANK YOU!
David Baker Executive Director
University Technology Park at IIT 3440 S. Dearborn
Chicago, IL 60616 bakerd@iit.edu
http://www.universitytechnologypark.com