Innovation Vouchers are used to leverage Illinois' institutions of higher education to provide small-to-medium enterprises (SMEs) access to university resources and thought leadership. This award (up to $75,000) can be utilized for up to 75% of a project's total cost. Eligible expenses include research, product development, testing, implementation of new technologies and more - all to help SMEs in the State of Illinois develop innovative products and services. Each SME will be limited to one voucher within a 12 month period.
Please read the guidelines carefully before applying.
Applications will be reviewed on a rolling basis with selections and funding occurring within 60 days.