PEORIA – State Senator Dave Koehler announced that close to $75,000 in grants is coming to the Midwest Bioprocessing Center in Peoria.
“Strong small businesses help make up the backbone of every local economy, providing jobs and trusted products with a familiar face,” said Koehler (D-Peoria). “This innovation grant not only expands one local business, but it also increases our reputation as a thriving district with a growing economy.”
The Illinois Innovation Voucher Program connects small businesses with the state’s world-class universities and research institutions. Through competitive awards of up to $75,000, the program enables companies to pursue research and development projects in partnership with a qualified Illinois institute of higher education to support technology validation, accelerate product development and strengthen commercialization pathways.
In the 46th Senate District that Koehler represents, Midwest Bioprocessing Center was selected to receive a total of $74,980 from the innovation Voucher Program.
To learn more about the Innovation Voucher Program, click here.
