Stages:

• Seed

 

Industries:

Information Technology

 

Description:

Affiliated with Bradley University, the Bradley Technology Commercialization Center (BTCC) works with researchers, inventors, and entrepreneurs to transform new technologies and innovations into commercial enterprises. The Center's mission is to stimulate the development and commercialization of advanced technology by transforming the intellectual property in the region into successful enterprises, minimizing the management and financial risks faced in the early stages by entrepreneurs in the technology sector. Tenant clients are housed in the Peoria NEXT Innovation Center and have access to a variety of resources. The building, which is owned by the Heartland Commerce and Economic Development Foundation, is managed by the Bradley Technology Commercialization Center. The BTCC assists startup technology oriented companies with business development and funding. The building, which can house up to 27 companies, has 48,000 square feet spread across 3 different levels. Before leasing space, potential tenants must complete a due diligence process to determine their ability to succeed and operate in an incubator environment. Once a company has 'graduated' from the Innovation Center it will then move to its own facility in the community.