The Illinois Science & Technology Coalition (ISTC) is a member-driven, non-profit organization that cultivates and attracts research and technology-based investment, talent and job growth in the state. Through strategic public-private partnerships, advocacy efforts and project management, we connect government, academia and industry to leverage the state’s world class research and development assets to drive innovation and economic growth.
ISTC members represent leaders in the Illinois innovation ecosystem. Through the ISTC, these organizations share a voice and develop partnerships that drive Illinois’ research and development pipeline, catalyze investment, and create the skilled workforce required to advance their research and economic development missions.
After years of mismanagement, the largest urban medical district is bringing cadavers and startups to its undeveloped land. By Sandra Guy The Illinois Medical District plans a high-tech expansion as audacious as its decadelong mismanagement that ended in a $40 million revenue-bond default last year. The district, whose 560 acres cover most of the Near South and [...]
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Responding to the challenges of fostering regional growth and employment in an increasingly competitive global economy, many U.S. states and regions have developed programs to attract and grow companies as well as attract the talent and resources necessary to develop innovation clusters. These state and regionally based initiatives have a broad range of goals and [...]
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By Wailin Wong The roughly 200 startups working out of the 1871 collaborative hub at the Merchandise Mart created 800 jobs during the space’s first year, according to data released Friday. The 50,000-square foot space opened in May 2012 with backing from local venture capitalist J.B. Pritzker and the state of Illinois. It caters to [...]
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In an industry where billions of dollars can be made or lost in the blink of an eye, companies that aren’t constantly innovating risk being left behind. Trading Technologies International Inc., which helped fuel the onset of the algorithm-based trading that made financial markets move faster, ranked 18th on the Eureka Index, a measure of [...]
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By Wailin Wong The University of Illinois at Chicago is launching a $10 million fund to help inventions advance from the research stage toward potential commercial opportunities, becoming the latest academic institution in the area to channel increased resources toward homegrown startup activity. The Chancellor’s Innovation Fund will allocate $2 million a year for five [...]
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