Illinois is investing more than $15 million dollars in supporting the next generation of biotechnology.

The grants will support the creation or expansion of wet labs around Illinois. These dollars will go to schools and private labs that will be on the cutting edge of medical research and development. John Conrad, President of I-BIO, says the big players in medical research have always been in Illinois – but these dollars will go a long way to helping startups across the state.

Investment dollars are going to multiple universities including building new labs at both Southern Illinois University campuses.