The University of Illinois at Urbana-Champaign is generating new sources of revenue while continuing to invest in education, research and public engagement. Through the Investment for Growth initiative, 18 projects from colleges and institutes across campus will receive a total of more than $24 million in funding over a three year period to benefit institutional excellence, education and research.
Last fall, colleges and institutes were invited to submit project proposals with details on funding models, demand and potential impact. Associate Chancellor and Vice Provost for Budget and Resource Planning Paul Ellinger said criteria included projects focused on continued excellence, financial feasibility, enhancing the student experience, alignment with industry demand, likelihood of stability and increasing efficiency.
Proposals were evaluated by the Campus Budget Oversight Committee, deans and other senior leadership. Out of 35 proposals, nearly half were chosen for funding. Many of the funded proposals have three-to-five year plans to be profitable, and all solidify Illinois’ commitment to excellence and transformative learning experiences. Ellinger said he is optimistic about their futures.
Among the new projects include the world’s first Molecule Maker Lab, a new Professional Master's Degree in Chemical Engineering and Professional Development, a renovation of the Plant Sciences laboratory and associated greenhouses, a center for data-driven strategic brand communication and advertising technology, a pilot program to assess social impact in the arts and humanities and a further expansion of the iMBA Program.
The call for next year’s proposals was announced last week, encouraging projects that will bolster the university’s commitment to public engagement. Learn more about Investment for Growth and view the full list of funded projects.