About the UIC Chancellor's Innovation Fund
The UIC Chancellor's Innovation Fund (CIF) has been established at UIC by the Office of the Chancellor in partnership with IllinoisVENTURES to support the commercialization of technology developed by faculty, staff and students at UIC. This program would not have been possible without the support and funding from the Office of the Chancellor, IllinoisVENTURES, the Office of Technology Management and the Office of the Vice Chancellor for Research. The CIF is a hybrid proof of concept and equity investment fund with an expected commitment of $2 million per year for 5 years. The launch of the CIF and its associated POC Awards Program positions UIC as a leader in the efforts to transform discoveries and technologies originating inside of universities into useful products and services that benefit society.
IllinoisVENTURES (IV) is a premier seed and early-stage technology investment firm focused on research-derived companies in information technologies, physical sciences, life sciences and clean technology. IV starts and builds globally-competitive businesses based on work conducted at Midwest Universities and federal laboratories by bringing together leading researchers and entrepreneurs to mold concepts, vision, intellectual property, sweat and passion into breakthrough, high-growth companies. Conceived and launched by the University of Illinois, IV has been consistently named by Entrepreneur magazine to its national list of the top 100 venture capital firms. For more information about IllinoisVENTURES please visit