Canonical program record
Illinois Innovation Voucher
A funds-limited Illinois program may share the cost of a defined research and development engagement with an Illinois university partner.
What this mechanism does
- Mechanism type
- Grant
- Economic effect
- Lower the project cost
- Administrator
- Illinois Department of Commerce and Economic Opportunity
- Amount or value
- Up to $75,000 and up to 75 percent of the university engagement; the business share is 25 percent.
- Cash-flow timing
- Program-specific grant timing after scope, partner, business share, and funds are confirmed; not ordinary project cash.
- Upfront cash
- Required
- Repayment
- Not a repayable mechanism
- Program lifecycle
- Specialized
- Visitor treatment
- Specialized possibility
This specialized pathway requires its stated purpose or industry fit before reliance.
Important dates and consequences
No separate material date is recorded for this edition. Current status still requires the verification dates shown in this record.
Project fit and limits
Eligibility conditions to confirm
- The project must be genuine research and development performed with an Illinois university partner.
- The business must define the engagement and provide its required share.
Eligible costs described by the authority
- Qualifying Illinois university research and development engagement costs
Ineligible or excluded costs
- Ordinary technology purchases, cybersecurity remediation, or work without the required university research partner
Friction to plan for
- University partner, research scope, business contribution, program funds, and current process must all be confirmed.