Local research, innovation, and commercialization efforts funded by grant

Peoria, Illinois . . . November 13, 2003 . . . A three-year $600,000 grant has been awarded to Bradley University by the National Science Foundation to implement three initiatives that will enhance regional science and technology-based innovation, and economic and workforce development in Central Illinois.

The grant from NSF's Partnerships for Innovation program will be administered by Bradley University and will allow the implementation of three key action items in Peoria Next's strategic plans for the area. The three initiatives are:

1) Create interdisciplinary, inter-institutional research and development partnerships leading to innovation and commercialization

2) Develop innovative and aggressive educational and workforce development programs

3) Develop a model for the management of Intellectual Property.

"The Peoria area has tremendous potential for economic development from innovations in science and technology and this grant gives us resources to build on the collaborative efforts begun by Peoria Next to develop that potential," said Dr. David Broski, president of Bradley University. "Under the management of Provost Stan Liberty and Professor Kelly McConnaughay and Peoria Next executive director Dr. Richard Lister, the broad range of expertise at Bradley and the anchor institutions will be channeled into meeting these initiatives."

The R & D initiatives will include the nurturing of existing Knowledge Communities, establishing innovation grants, and increasing participation by non-scientists in discovery and innovation.

Educational and workforce development programs will be developed through creation of a resource clearinghouse for K-12 educators, increasing science education opportunities for K-12 educators, increasing research participation by high school students and K-12 educators, and funding of K-12 science education projects.

The Intellectual Property management model will be developed collaboratively in partnership with the diverse local organizations and institutions.

"Implementation of these three initiatives is yet another step in Peoria Next's effort to develop a knowledge-based economy in central Illinois and we are grateful to Bradley for taking a leadership role in this process," said Dr. Donald Rager, chairman of the Peoria Next board of directors. "The extensive talent available in the Peoria Next consortium makes these goals achievable and will help our community meet the challenges of the 21st century."

Peoria Next is a not-for-profit corporation comprised of all key research and educational institutions in the greater Peoria region. The mission of Peoria NEXT is to create a healthier future for our regional community evidenced by increased economic growth and diversity, improved physical well-being, and the resultant social stability and opportunity.