CHICAGO – Deep Tech Innovation Lab at mHUB is set to receive nearly $600,000 to support entrepreneurship and innovation, thanks to strong support from State Senator Lakesia Collins.
“When we invest in tech hubs, we are investing in the key industries of the future for our communities,” said Collins (D-Chicago). “The 5th District has a strong presence in innovation and entrepreneurship, and this funding will make critical advancements in the tech industry while growing our economy.”
Through the Tech Incubator Enhancement Grant Program, a total of $7 million in grant funding was awarded to four grantees in an effort to grow industries around the state. The TIEG Program was designed to modernize and revitalize tech incubators across Illinois to meet the evolving needs of startups. The initiative aims to support the transformation of tech spaces fostering an ecosystem of innovation, collaboration and resilience.
Deep Tech Innovation Lab at mHUB was awarded $590,200 for capital improvements and equipment to serve as the foundation for a deep tech incubator space. The project will focus on expanding the advanced manufacturing and quantum industries.
More information about the TIEG Program and grant recipients can be found here.
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