The CS community, at least in my opinion, hates business jargon. They're trying to make it as CS-friendly as possible, I believe.

"IllinoisVENTURES is a seed and early-stage technology venture capital firm focused on research-derived companies in information technologies, physical sciences and life sciences, with a particular emphasis on those deriving from research conducted at the University of Illinois and other regional research institutions."

Also, look at their portfolio companies. I wouldn't say they are as software oriented as programs such as YC.

Regardless, they come off rather unprofessional.

Guess they failed at that.