Treasurer Launches New Technology Fund

Illinois State Treasurer Frerichs has launched the Illinois Growth and Innovation Fund (IGIF) 
In 2002 and 2011 the General Assembly passed legislation to allow the Treasurer's office to segregate up to 2% of the State’s investment portfolio in order to invest in venture capital firms located in Illinois and creating the Technology Development Act. The goal was to invest in technology businesses seeking to locate, expand or remain in Illinois.Investments made by the office have earned 27.8 million dollars and created an estimated 3,900 direct and indirect jobs. 

Through the newly created IGIF, the office will invest $222 million dollars from the State's investment portfolio in venture capital firms with a history of investing in Illinois technology companies expecting to create thousands of jobs. 

Illinois entrepreneurs can connect to technology funds by submitting their pitch books and investment proposals for review and evaluation at www.ilgif.com. Entrepreneurs will also find a number of helpful links on this website designed to expand their resource network.