Illinois Innovation Venture Fund (INVENT)
Status not published
This funder does not publish a call calendar. Check their page before planning around it.
A state venture fund capitalised under SSBCI that invests in early-stage Illinois technology companies through selected fund managers and direct co-investments. Cheque sizes are set per deal and per manager.
Illinois Department of Commerce and Economic Opportunity (DCEO)
public · regional
Deadline: rolling
This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.
Quick — mostly identity and bank details.
Who can apply
- small enterprises
- Sectors: deeptech, health, ai, fintech, climate
- Stage: pre_seed, seed, series_a
- Locally registered entity required
Company must be based in Illinois or commit to substantial Illinois operations. SSBCI rules require targeting of very small businesses and businesses owned by socially and economically disadvantaged individuals.
How to apply
- Identify a participating INVENT fund manager or the DCEO venture team
- Submit the company's investment materials
- Complete diligence and close alongside private capital
Source. https://dceo.illinois.gov/ — checked 2026-08-14 · not human-checked