About University Technology Park
Welcome to University Technology Park at IIT
Located in the heart of Chicago’s south side on the Illinois Institute of Technology campus, University Technology Park (UTP) is one of the nation’s fastest-growing hubs for high-tech innovation. UTP leased space to its first tenants in October 2005 and celebrated its official opening in November 2006. Since then we've provided space and support for nearly 60 startups who are creating jobs and opportunities in Chicago and beyond.
We provide more than 300,000 square feet of wet and dry lab and office space for growing companies focused on materials and life sciences, biomedical engineering, medical devices and diagnostics, green and clean technology, food safety, information technology and many other fields.
The perfect location -- and a lot more
Companies appreciate UTP’s competitive lease rates, flexible terms and our prime location -- just steps from public transportation and minutes from Midway and O’Hare airports.
For those who qualify to move here, UTP is much more than just a pretty space. It offers an entrepreneurial ecosystem that helps new companies hit the ground running.
Every resource companies need to thrive
From the day they move in, resident companies benefit from UTP’s extensive support services. These include in-house support such as conference rooms, business seminars and access to the rich academic and research resources of IIT.
Companies also benefit from thousands of talented student workers on the IIT campus and the opportunity to meet with potential investors and mentors. Grant-writing seminars and support help them compete for state and federal funding. Specialized support for overseas firms comes through UTP’s International Soft Landing Program.