The University of Illinois System has an economic impact of almost $14 billion statewide. With 405,000 alumni living in Illinois, strategic partnerships for innovation and talent retention, and physical and intellectual assets, we are a leader in driving economic prosperity for the people of Illinois.
Learn more about our economic impact:
We power the state economy through our employee and student spending and the increased earning power of our graduates.
Total staffing (fte)
Students (graduate assistants): 4,800
Developing human capital
The U of I System makes an enormous contribution to the economy through its sheer number of students, faculty, and staff. More than 100,000 students and staff put dollars right back into Illinois businesses and services. And as those students graduate and join our 700,000 living alumni, they become the employees of the future for organizations in Illinois and beyond, earning and spending that fuels the economic engine.
U of I operations and alumni return $4.60 into the economy for every taxpayer dollar invested -- a 19.3% annual return rate.
70% of employed 2014-15 Urbana-Champaign graduates were working in Illinois six months after graduation.
Through partnerships with our government, industry leaders, national organizations, and other educational institutions, we are working to grow talent and business for the future of Illinois. The Research Park at the U of I in Urbana-Champaign has launched 225+ startups raising over $819 million in venture capital and angel investment. Established in 2013, EnterpriseWorks Chicago’s Health, Technology, Innovation (HTI) initiative has incubated over 35 startups raising over $3.6 million in private funding.
Learn more about the U of I innovation ecosystem.
Business incubator EnterpriseWorks Chicago provides support and resources for more than 45 early-stage technology firms.
Unleashing full potential
We’re committed to ensuring that innovations grow beyond our universities and into the private sector. In FY2015, U of I research was licensed to 15 startup companies. There are currently more than 90 active startups licensing U of I intellectual property, including 57 in Illinois, each creating jobs and driving economic development.
Note: This section displays a visual of interactive data. Select the download data link for data about Illinois Startup Industry that follows which enables users to download a file for an alternative textual representation of the visual data.
Other successful partnerships: