Illinois Innovation Venture Fund (INVENT)
State-administered equity investment for Illinois startups, funded through SSBCI. Investment terms involve ownership; this is not a grant. The $114 million fund total is not an individual award amount.
Check an Address — Free Snapshot
Explore location-based incentives alongside Illinois Innovation Venture Fund (INVENT). This program requires a separate review of its business or project requirements.
Published criteria — confirm with Illinois Department of Commerce and Economic Opportunity
- Illinois business and venture-investment fit
- Investment review and negotiated terms
Illinois Innovation Venture Fund (INVENT) is administered at the state level. Depending on the program, eligibility may depend on the specific location, property type, or business activity rather than a single drawn boundary.
Boundaries are precise and change over time, so whether a specific address falls inside a mapped zone always depends on that exact address. The fastest way to check is to run a free snapshot for the parcel you have in mind — mapped coverage is a location signal, not an eligibility determination.
Range on file · Equity investment; terms depend on investment review
Intake status not established from published sources as of 2026-10-09.
- +Equity investment; terms depend on investment review
- 1Review INVENT’s venture-capital fit and resource guidance.
- 2Confirm the current investment process with DCEO.
Review INVENT’s venture-capital fit and resource guidance.
This page is a starting point, not eligibility, legal, or tax advice. Verify current requirements, deadlines, and boundaries with the administering agency before applying or spending money — program rules and funding change over time.
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Last verified 2026-10-09
Federal Opportunity Zone incentive: investors who reinvest capital gains through a Qualified Opportunity Fund into a designated zone receive tax reductions scaled to how long the investment is held. Illinois' current zones remain active for investment; a new round of IL-nominated zones takes effect January 1, 2027 under OZ 2.0.
Illinois Enterprise Zones offer state and local tax incentives to stimulate economic growth in economically depressed areas, including sales tax exemptions on building materials, utility tax exemptions, and investment tax credits.
The Economic Development for a Growing Economy (EDGE) program provides Illinois income tax credits against state withholding for businesses that create or retain jobs. Amended by HB2755 / P.A. 104-0006 (June 2025) to expand withholding-credit elections and require 10-day public posting of EDGE agreement terms.
REV Illinois (Reimagining Electric Vehicles in Illinois) provides project-by-project tax credits for businesses in the electric vehicle and renewable energy supply chain. Negotiated with DCEO across four investment/job tiers.