About the Center
The Bradley Technology Commercialization Center (BTCC) works with researchers, inventors, and entrepreneurs to transform new technologies and innovations into commercial enterprises. In essence, the BTCC serves as the engine for technology incubation. By providing critical services to entrepreneurs, the BTCC can significantly increase the likelihood of success. Tenant clients are housed in the Peoria NEXT Innovation Center and have access to a variety of resources.
What is a Technology Incubator?
A technology incubator provides specialized facilities and mentoring services to assist and accelerate the development of start-up companies.
What is the Purpose of a Technology Incubator?
An incubator stimulates regional development and new economic growth sectors. Most incubators are not-for-profit entities that create jobs, attract private capital, and build the tax base for the regions they serve.
How does an Incubator Work?
The average start-up company matures is a technology incubator for roughly two to five years. During this time they hire employees and attract capital. Upon "graduation", incubator companies establish their own facilities, expanding to benefit the local economy.
What is Unique About a Technology Incubator?
A technology incubator specializes in companies that offer products or services based on proprietary technology in fields such as life sciences, engineering, and information technology. Technology companies are highly desirable from an economic perspective. They create a wide variety of jobs, including higher-paying professional jobs, and attract substantial private capital investment. These companies tend to be excellent corporate citizens in their communities, and are responsible environmental stewards.