Recent News


Champaign-Urbana is coming to SXSW! We invite University of Illinois at Urbana-Champaign alumni who are attending SXSW Interactive - or live in the Austin metro -- to attend our VIP Reception for the #CUatSXSW event. If you are otherwise affiliated with the University of Illinois or the Champaign-Urbana community, we welcome you as well. 


CHAMPAIGN, IL March 3, 2015 -- The annual Innovation Celebration was held on Tuesday in Champaign. Three Research Park companies came away with some hardware and a lot of pride. Cathy Singer, site manager at Yahoo!, won the Entrepreneurial Excellence Management Award; Agrible, of the EnterpriseWorks incubator, won the New Venture Award; and Rithmio, also of the EnterpriseWorks incubator, won the Student Startup Award.


Phi Optics was featured in the Central Illinois Business Magazine for their innovation and technology that could affect research into prostate and breast cancer.  Their system, CellVista Q1000, enables scientists to get images of cells without killing them in the process which allows users to get a better feel for how cancer cells multiply and grow. The CellVista Q1000 was unveiled at the BiOS 2014 biomedical optics conference in San Francisco.

Caterpillar Celebrates Grand Opening of Data Innovation Lab

URBANA-CHAMPAIGN, Ill. – Caterpillar Inc. today announced the grand opening of its first data innovation lab, located in Research Park at the University of Illinois at Urbana-Champaign. The lab brings together resources from key fields for the company’s research and development (R&D) efforts, including engineering, computer science, operations research and statistics, to drive innovative development through data analysis.


REVOLUTION Medicines, located in the EnterpriseWorks incubator, has received a $45 million dollar investment from Third Rock Venture, a financing investment firm.  Although the initial goal is to find treatment for fungal disease, the hope is to find other disease treatments in the future as well.

REVOLUTION is the leading antifungal program at the University of Illinois Urbana-Champaign campus and has signed a license agreement stating exclusive rights to develop certain technology at the University. 


CHAMPAIGN, IL Feb 15, 2015 -- Governor Rauner visited EnterpriseWorks for the launch of Uber service in Champaign-Urbana. He spoke about his new Innovate Illinois Advisory Council and helping support the growth of technology companies throughout Illinois. Following his remarks, he toured EnterpriseWorks and talked with incubator companies.


Research Park Director Laura Frerichs was appointed Friday to be co-chair of Gov. Bruce Rauner's newly created Innovate Illinois Advisory Council. 

TENANT: Ameren
Ameren Innovation Center

Media Coverage: 


CHAMPAIGN, IL Feb 9, 2015 -- Petronics, a startup company within EnterpriseWorks, was recently highlighted in the News-Gazette. In the article, the three founders (Michael Friedman, Dave Cohen, and David Jun,) who are past and current doctoral students at the Univeristy of Illinois, speak about their success with their Kickstarter campaign as well as future developments.

"A robot that could interact meaningfully with pets would be a step toward building one that could interact with humans — something they feel is still far down the road."


Revolution Medicines is currently located in the EnterpriseWorks incubator at the University of Illinois Research Park.