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IIT has always enjoyed close relations with industry and the business community of the Chicago area, and, beginning in 1936, added several research organizations to serve various technical needs of industry and government.
In 1955, they hosted the Second Annual Computer Applications Symposium, highlighting an openness for collaboration and willingness to contribute to the OR community at large.
Armour Research Foundation (1956) [advertisement]. Journal of Jet Propulsion, 26(5), 13-S.
Bock, F. (1958) An Algorithm for solving travelling-salesmen and related network optimization problems.
Glüss, B. (1959) An optimum policy for detecting a fault in a complex system.
Glüss, B. (1960) Costs on Incorrect Data in Optimal Inventory Computation.
The Stuart School of Management and Finance was established in 1969, and in the same yearChicago-Kent College of Law merged with IIT.
The Rice campus, acquired in 1986 and located in Wheaton, Illinois, offers undergraduate courses and degree programs to employed professionals.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| National Radio Astronomy Observatory | 1956 | $73.0M | 750 | 20 |
| IMR Test Labs | 1998 | $12.3M | 104 | - |
| Aruna Bio | 2003 | $1.1M | 39 | - |
| Information Systems Laboratories | 1982 | $16.0M | 125 | 7 |
| SRI International | 1946 | $540.0M | 2,100 | 42 |
| Space Telescope Science Institute | 1982 | $29.0M | 657 | 11 |
| Complete Genomics | 2006 | $19.3M | 200 | - |
| INTERA Incorporated | 1974 | $870,000 | 50 | - |
| Menon Renewable Products | 2000 | $510,000 | 6 | - |
| TEKWISSEN | 2009 | $19.5M | 148 | 339 |
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IIT Research Institute may also be known as or be related to IIT Research Institute, IIT Research Institute (IITRI) and Iit Research Institute.