Illinois biotech hub granted $680 million to advance biomanufacturing, precision fermentation

In Chicago, Illinois Governor JB Pritzker and Innovate Illinois have announced $680 million in combined cash match and strategic investments from public and private partners for the Illinois Fermentation and Agriculture Biomanufacturing Tech Hub.  iFab recently applied for Phase 2 Implementation Grants to “solidify Illinois’ position as a leader in biomanufacturing and precision fermentation,” according to a press release. “The significant cash match indicates a strong backing by stakeholders reflecting the incredible potential for expanding this industry in the region.”

Led by the Integrated Bioprocessing Research Laboratory at the University of Illinois Urbana-Champaign and 30 other key partners, iFAB will have a “strategic focus” on fermentation as a biomanufacturing tool. The project’s ambition is to drive economic growth and innovation by capitalizing on Illinois’ strength in agricultural production.

“Our program is strategically positioned to lead the charge in transforming the bioeconomy,” said Beth Conerty, Associate Director of IBRL and Regional Innovation Officer for iFAB. “Through iFAB, Illinois is not just participating in biomanufacturing—we are helping shape the future of the industry.”

The project supports a wide range of applications in biomanufacturing, from novel ingredients to sustainable materials, addressing emerging market demand for sustainable products.