Innovate Springfield, the University of Illinois Springfield’s downtown business incubator, will host a series of events in February featuring Paul Magelli, a serial entrepreneur, investor and director of Illini Angels at Illinois Ventures. Magelli, who has founded and scaled multiple successful ventures, will share his extensive experience in entrepreneurship, investment strategies and business growth.

A group of five University of Illinois Springfield students won $10,000 in seed funding for their startup, TredBase, during a pitch competition hosted by Innovate Springfield on Oct. 28. The competition featured three entrepreneurial teams pitching innovative ideas.

The following is a guest column written by Robert Kerr, executive director of innovation and opportunity at the University of Illinois Springfield, that was published by the Illinois Times on Aug. 31, 2023.

The University of Illinois Springfield has officially purchased the downtown building that will serve as the new home of the UIS Innovation Center. The purchase of the three-story, 24,600-square-foot building located near the Illinois State Capitol at 401 E. Washington St., was completed on Nov. 18, 2022.

Scheduled to open in 2025, the UIS Innovation Center will serve central Illinois as part of the Illinois Innovation Network (IIN) to drive innovation, economic growth and workforce development across the state.

There's a lot to look forward to in downtown Springfield with many major redevelopment projects currently underway.

The city is expecting to get its first rooftop bar by this summer and the University of Illinois at Springfield (UIS) could begin designing a new downtown space in the next few months. Other projects like new hotels and luxury apartment buildings however, are either out of money or have been scrapped altogether.

A major redevelopment in the South Town neighborhood took its first step Tuesday as the committee of the whole sent to the full Springfield City Council an agreement authorizing The Springfield Project to purchase a building at 11th Street and South Grand Avenue using the city's community development block grant funds.