University of Illinois

About University of Illinois

UNIVERSITY LEADERSHIP
The University of Illinois, with campuses in Chicago, Springfield, and Urbana-Champaign, educated 70,000 students annually and employs 5,300 full-time faculty. See www.uillinois.edu
Technology-based economic development is led and coordinated by the Vice President for Technology and Economic Development, David L. Chicoine.
For initiatives, reports, resources, and contacts, visit www.vpted.uillinois.edu
RESEARCH
In 2003, total research expenditures were $785 million; with about $280m in the life and biosciences. The UIC campus has research strengths with its colleges of medicine, pharmacy, dentistry, and public health. At UIUC related strengths are in basic sciences, genomics, and agricultural sciences. For research initiatives, news, reports, and expertise, visit the Office of the Vice Chancellor for Research
In Urbana-Champaign www.uiuc.edu/research In Chicago http://research.uic.edu/
TECHNOLOGY LICENSING
In 2004, the Offices of Technology Management received 262 disclosures, filed 184 US patent applications, and executed 95 licenses and options with commercial partners, and managed 427 active licenses. To date, the University holds title to 504 U.S. patents.
In Urbana-Champaign www.otm.uiuc.edu
In Chicago www.research.uic.edu/techtransfer
START-UP COMPANIES
In 2004, 16 new start-ups were established and based on a license for university technology.
IllinoisVentures, LLC, a wholly-owned subsidiary of the University provides start-up services, developmental funding, and follow-on funding through the Illinois Emerging Technology Fund, to support and build commercially successful technology companies. Visit http://www.illinoisventures.com/
BUSINESS INCUBATION AND RESEARCH PARKS
There are two affiliated research parks that house more than 75 emerging technology companies in 2004.
The Research Park at the University of Illinois (www.tech.com/researchpark/index.asp) works closely with the campus and community to capitalize on the intellectual assets and business climate in Urbana-Champaign.
The Chicago Technology Park (www.imdc.org/CTP) is primarily focused on biotech and life sciences. The CTP is managed by the Illinois Medical District, and closely affiliated with the University of Illinois Medical Center, Rush University Medical Center, neighboring research institutes and hospitals as well as other Chicago area research institutions.
Last Updated: 05-16-05