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SCAM ALERT: DCEO has been made aware of organizations receiving fraudulent “notice of award” letters claiming to be from the Illinois Department of Commerce and Economic Opportunity. These are not legitimate notices from DCEO. If your organization receives a notice, please report it to the Federal Trade Commission and/or the FBI’s Internet Crime Complaint Center.

Key Sectors & Growth Areas

A company that does not certify as SEDI-eligible or CDB-eligible that fits within one of the key sectors identified as part of the Illinois economic development plan is eligible for Fund consideration.

  • Agriculture, AgTech, Next Generation Agriculture, Food Processing
  • Energy, EnergyTech, Clean Energy Production
  • Information Technology
  • Life Sciences, Healthcare, MedTech
  • Manufacturing, Advanced Manufacturing, Industry 4.0
  • Quantum Information Sciences & Technology, Quantum Computing, AI, Microelectronics
  • Transportation, Distribution, Logistics, Mobility

DCEO is committed to bolstering sectors and technologies aligned with the federal CHIPS and Science Act, including National Semiconductor Technology Center (NSTC) initiatives. Part of the INVENT fund will support the Venture Investment for Semiconductor Technology Advancement (VISTA) initiative for businesses with a focus on these critical technology sectors:

  • Advanced Computing and Software
  • Advanced Materials
  • Microelectronics
  • Quantum Science
  • Semiconductor Manufacturing/Packaging