The Illinois Department of Commerce and Economic Opportunity (DCEO) is offering a Notice of Funding Opportunity (NOFO) to bolster bioprocessing in Illinois. This initiative aims to provide essential infrastructure and capital equipment to expand bioprocessing training and research capacity within the state. The program aligns with DCEO's mission to promote economic growth and development by investing in key industries and fostering a skilled workforce, positioning Illinois as a global leader in the growing bioprocessing market. The overall goal is to leverage Illinois' existing industry, feed stock, and talented workforce to solidify its position in this sector.
The grant program targets educational organizations and non-profit organizations as eligible applicants. Specific beneficiaries include undergraduate students in Illinois who will have increased training opportunities in bioprocessing, as well as existing industry workers who will benefit from expanded short course offerings. Furthermore, the program aims to support bioprocessing companies in Illinois by fostering an environment conducive to their development through capital projects. The impact goals are centered on strengthening the bioprocessing ecosystem within Illinois, leading to job creation, technological advancement, and economic prosperity.
The program prioritizes investments in capital projects that directly contribute to the development of bioprocessing companies in Illinois. A key focus is also on increasing educational and training opportunities, both for undergraduate students entering the field and for current industry professionals seeking to enhance their skills. To be eligible, proposed projects must have previously secured partial funding from the U.S. Economic Development Administration’s Regional Technology and Innovation Hubs (Tech Hubs) program, and the applicant organization must be located in Urbana, IL. This ensures that the funding supports projects with demonstrated potential and a clear local impact.
The DCEO expects several key outcomes and measurable results from this program. The total funding available is $10,000,000, with individual awards ranging from $5,000,000 to $10,000,000. This substantial investment is anticipated to significantly increase bioprocessing company development in Illinois. Measurable outcomes include an increase in undergraduate student training opportunities and a rise in short course offerings for existing industry workers. The program's success will be evaluated by its contribution to expanding bioprocessing capacity and solidifying Illinois' role as a leader in this vital industry. The anticipated start date for awards is October 5, 2024, with a performance period extending through September 30, 2029, allowing ample time for the funded projects to achieve their objectives.
