Illinois grants $15.4M for life science development in Chicago area

New incentive program chose five universities and three other ventures in the area to receive funding to build or renovate lab spaces

Chicago /
Oct.October 14, 2021 05:41 PM
Illinois grants $15.4M for life science development in Chicago area

Gov. J.B. Pritzker; 400 University Park Drive in Edwardsville (University of Illinois Board of Trustees, Google Maps)

The state of Illinois has awarded more than $15 million in grants to bring more high-quality lab space to the Chicago area.

The new incentive program, created by Gov. J.B. Pritzker, chose five universities and three other ventures to receive funding to build or renovate labs to address the lack of research space in a region that has driven multiple life science companies to different markets with better opportunities, Crain’s Chicago Business reported.

“Illinois is home to one of the fastest-growing life sciences startup clusters, fueled by an influx of venture investment and growth of our wet lab infrastructure,” John Conrad, president and CEO of Illinois Biotechnology Innovation Organization, said in a statement. The program “will provide critical investments to support the continued growth of our industry in Illinois,” he said.

The recipients of the $15.4 million in grants are as follows:

Skokie-based NuMat Technologies got $3.5 million to develop the 50,000-square-foot Illinois Molecular Factory in Skokie or another northern suburb.

Northwestern University will use its $3 million grant to renovate “the Hub,” a lab building in downtown Evanston. Once completed, the project will have wet lab space as well as offices and classrooms.

The $2.7 million grant to Southern Illinois University-Carbondale will go toward the school’s BioLaunch Core Facility, which will also include a business annex.

Rosalind Franklin University of Medicine and Science got $2 million to speed the construction of its Innovation & Research Park, which will include the school’s Helix51 life sciences startup incubator. The university says the additional funds will shorten the construction timeline by “at least one to two years.”

Southern Illinois University-Edwardsville will use its $1.9 million grant to expand and renovate wet lab facilities in the school’s National Corn-to-Ethanol Research Center.

The $1.5 million awarded to the Illinois Institute of Technology will be used to renovate lab space and create a specialized lab for “translational neurotechnology” in the Functional Neural Technology Center for the school’s Pritzker Institute of Biomedical Science & Engineering.

The University of Illinois Research Park received $550,000 to subsidize the buildout of the life sciences annex to the EnterpriseWorks Tech Incubator and Entrepreneurship Center in Champaign, which will be called LabWorks.

Finally, $250,000 granted to food-science company Back of the Yards Algae Sciences will be used to build out lab space at the company’s “food innovation laboratory” on the South Side. The lab aims to advance the research of “innovative” and “sustainable” food ingredients.

[Crain’s] — Victoria Pruitt 





    Related Articles

    arrow_forward_ios
    Skokie lab buildings sell for $75M reflecting area’s commitment to life sciences
    Skokie lab buildings sell for $75M reflecting area’s commitment to life sciences
    Skokie lab buildings sell for $75M reflecting area’s commitment to life sciences
    Illinois receives 2 bids for James R. Thompson Center
    Illinois receives 2 bids for James R. Thompson Center
    Illinois receives 2 bids for James R. Thompson Center
    Renderings of the medical and creative facility (Lincoln Yards)
    Construction set to begin this month on first Lincoln Yards building
    Construction set to begin this month on first Lincoln Yards building
    Gov. J.B. Pritzker (Getty, iStock)
    Statewide eviction moratorium will end in August, Pritzker says
    Statewide eviction moratorium will end in August, Pritzker says
    2430 North Halsted Street and Harrison Street's Christopher Merrill (Sterling Bay; Harrison Street)
    Harrison Street raises $720M for life sciences real estate fund
    Harrison Street raises $720M for life sciences real estate fund
    Gov. J.B. Pritzker and Mayor Lori Lightfoot (Getty, iStock)
    Pritzker and Lightfoot spar over Chicago’s new indoor dining restrictions
    Pritzker and Lightfoot spar over Chicago’s new indoor dining restrictions
    Gov. J.B. Pritzker (Getty)
    These landlords are suing to toss out Pritzker’s eviction ban
    These landlords are suing to toss out Pritzker’s eviction ban
    Two Uptown Chicago apartment buildings sell for $17M in largest sale since 2019
    Two Uptown Chicago apartment buildings sell for $17M in largest sale since 2019
    Two Uptown Chicago apartment buildings sell for $17M in largest sale since 2019
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...