Support For Tech Firms
Resources for Entrepreneurs.
Illinois -- Technology firms in Illinois that are involved in
developing new processes or products or in transferring knowledge
can take advantage of two funding programs sponsored by the
state.
The Illinois Technology Development Bridge program and the
Equity Investment program are open to firms with 50 employees or
fewer that have no equity other than owner capital. The technology
must be credible and commercially marketable. Entrepreneurs can
receive $150,000 to $1 million for an investment period of up to 10
years, and must be able to produce matching funds from another
investment source.
Both programs are seeking firms that will create jobs in
Illinois. For information on the Bridge program, contact the
Illinois Development Finance Authority at (312) 814-3482; for
information on the Equity Investment program, call the Department
of Commerce and Community Affairs at (312) 814-7168.
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