The Peoria NEXT Innovation Center is the home to researchers, inventors, and entrepreneurs that are transforming new technologies and innovations into commercial enterprises. The Center opened its doors in 2007 at 801 West Main Street, Peoria, Illinois, with the Bradley Technology Commercialization Center serving as the property management provider for the Center.
The building, which can house up to 27 companies, has 48,000 square feet spread across 3 different levels. Before leasing space, potential tenants must complete a due diligence process to determine their ability to succeed and cooperate in an incubator environment. Once a company has "graduated" from the Innovation Center, it will then move into its own facility in the community. Companies in the fields of medical devices, mechanical engineering, molecular studies, biofuels and information technology are currently tenants in the Innovation Center.
The Innovation Center will leverage the strengths of Caterpillar Inc., the USDA Agriculture Laboratory, Bradley University and other health-science and technology organizations throughout the region to mature start up companies to commercial successes.
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