Founded in 1867, the University of Illinois at Urbana-Champaign (UIUC) is a public research-intensive university, which has 23 Nobel Prizes and 25 Pulitzer Prizes. University of Illinois owns the pioneer innovation research that tackles global problems and expands the human experience. Well known firms, namely, Netscape, AMD, PayPal, YouTube, Yelp, Oracle, Mosaic, Safari, Firefox, Tesla Motors and Oculus Rift were all established by the university’s alumni.
Every year, UIUC Technology Entrepreneur Center hold Student Startup Competition and Cozad New Venture Competition which encourage students on running new businesses and provide the opportunity to meet with venture capitalists, early stage investors and successful entrepreneurs,and generate nearly $200,000 in funding and in-kind prizes. EnterpriseWorks at UIUC is named as one of Forbes' "12 Business Incubators Changing the World," and as one of Inc Magazine's “Top 3 College Town Incubators", which is an 43,000 square-foot incubator facility and resource center for science and technology focused entrepreneurs. Since 2001, Research Park at University of Illinois has attracted worth over 910 million USD investment. Notable firms currently in the University Research Park include Abbott, ADM, Agrible, Ag-sensus, Capital One, John Deere, Dow, Yahoo, Cast21, Charmworks, Cazoodle, Inpretus, ANDalyze, Serionix etc.
Since the 1900s, the University of Illinois has had an intimate relationship with China and International Chinese students. It is one of the universities in the nation that has the largest number of Chinese students. In 2016, the number of registered Chinese students and scholars reaches 6039, with one third of graduate students. Many Chinese students have become notable entrepreneurs, initiating firms of their own. Learn more.