2024 Annual Report

Economic Development 22

23

Association of Public Land Grant Universities Innovation & Economic Prosperity

1,900 Employees 120 Companies 570 Interns 48 EnterpriseWorks Startups

Research Park The University of Illinois Urbana- Champaign’s Research Park is a technology hub where tech companies of all sizes conduct research and development, and startups can grow into our thriving business ecosystem. The Research Park provides a friendly environment for businesses with easy access to university labs, faculty expertise, diverse student talent, and collaborative research.

The OCR manages the relationship for the University of Illinois Urbana-Champaign for the Association of Public and Land-grant Universities’ Innovation and Economic Prosperity designation. This designation outlines a plethora of activities the campus conducts related to economic development and community engagement, as well as how our university responds to economic changes in the region and the state. ​ LabWorks LabWorks is a facility housed in the University of Illinois Research Park that offers turn-key wet lab and office suites for growth-stage startup companies in Research Park. LabWorks enables startups to establish roots and continue growing in the Champaign-Urbana community.

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