IllinoisVENTURES is a seed and early-stage technology investment firm focused on research-derived companies in the information technologies, physical sciences and life sciences. The firm helps to start and build businesses based on innovations from the University of Illinois. They offer three types of funding which are proof of concept grants, seed funding and venture capital. The firm was launched by the University of Illinois in 2002 and is headquartered in Chicago, Illinois with a regional office in Champaign, Illinois.