How U. of I. Turned Its COVID Test Into a Money Maker – Chicago Magazine

In addition to setting up the nonprofit Shield Illinois to disseminate the test to schools and businesses statewide, the university founded a for-profit company, Shield T3, with headquarters in Chicago and Urbana, to market the test beyond Illinois. Last year, that effort brought in $64 million in revenue for the university, says Bill Jackson, Shield T3’s principal officer and a former high-level executive at Johnson Controls. “It’s a viable business,” adds U. of I. president Timothy L. Killeen.