The Peoria NEXT Innovation Center is a $13 million technology incubator that fosters discovery, innovation, and commercialization for the life sciences, engineering, and information technology. Minutes from the National Center for Agricultural Utilization Research, Bradley University, Caterpillar, and the Biotechnology Research and Development Corporation, the Innovation Center works directly with Bradley University to coordinate funding and operations within the facility. Peoria, recognized by Forbes as one of the nation’s top metro areas for its low cost of doing business, is a growing hub of entrepreneurial opportunity ready for the next idea to become an economically viable business.