Recent News


URBANA - The Technology Entrepreneur Center (TEC) announced the winners of the 16th annual Cozad New Venture Competition at the Entrepreneurship Forum on Thursday, April 28, hosted by the Technology Entrepreneur Center and the College of Engineering at the Illini Union.


URBANA - The Technology Entrepreneur Center (TEC) has announced the Aadeel Akhtar as the winner of the 2016 Illinois Innovation Prize, a $20,000 award given to a University of Illinois student who has demonstated exceptional entrepreneurial skills within the tech field, and who is looked up to as a role model by his or her fellow students. Matt Alonso and Mayank Kale were also announced as the co-runners up of the prize. Nominations were submitted by the students' mentors, professors, or a faculty member on the basis of the nominees’ passion for innovation and work in technology.


CHAMPAIGN - Brighten Godfrey, co-founder and CTO of Veriflow, was featured as a high-tech difference maker in the News-Gazette's weekly Wired In column. Veriflow is an affiliate of the EnterpriseWorks startup incubator.

Veriflow is a cyber security company that prevents network breeches and outages by utilizing mathematical network verification, a program that allows for network-wide modeling to detect weakpoints before they are exploited. Veriflow has offices in Champaign, Illinois, as well as Oakland, California.


Serra Ventures' third fundraiser is expected to be their largest yet, according to filed documents with the SEC.


CHAMPAIGN - Swarnav Pujari, founder of Touch Light Innovations, was recently featured as a high-tech difference maker in the Champaign News-Gazette's weekly Wired In column. Touch Light Innovations is an affiliate of the EnterpriseWorks startup incubator. 


CHAMPAIGN - Kaustubh Bhalerao, CEO of Soil Diagnostics, was recently featured as a high-tech difference maker in the Champaign News-Gazette's weekly Wired In column. Soil Diagnostics is an affiliate of the EnterpriseWorks startup incubator. 

Soil Diagnostics is currently developing a prototype for their SCNExtractor device, which will be used to detect eggs of soybean cyst nematodes, the largest soybean pathogen, and give farmers a fast and automated analysis of their soil. 

Champaign, IL -- The HDF Group today announced that its Board of Directors has appointed David Pearah as its new Chief Executive Officer. The HDF Group is a software company dedicated to creating high performance computing technology to address many of today’s Big Data challenges.   Pearah replaces Mike Folk upon his retirement after ten years as company President and Board Chair. Folk will remain a member of the Board of Directors, and Pearah will become the company’s Chairman of the Board of Directors.  

EnterpriseWorks affiliate PhotoniCare has advanced to the second round of the Medtech Startup Showdown, hosted by Medical Device and Diagnostic Industry (MD+DI). The contest pits young medical device companies against each other tournament-style, and asks website viewers to vote for which companies should advance to the next round. 

It's best to vote via a computer, as the site doesn't work as well via smartphone.


CHAMPAIGN - Chris Weiher, CEO of Watch Me Work, was recently featured in the Champaign News-Gazette's Wired In column as a local high-tech difference maker. Watch Me Work is an affiliate of the Research Park's EnterpriseWorks startup incubator. 

Watch Me Work is a burgeoning live-stream collaboration platform that will eventually be a consulting firm serving creative professionals.

Read the full column at the News-Gazette's website. 

CATEGORY: Enterpriseworks

Illinois Treasurer Mike Frerichs has launched the $222 million fund of funds program to provide capital to technology businesses that seek to locate or expand in Illinois. The new Illinois Growth and Innovation Fund website was officially unveiled at a town hall meeting to further share information and provide a way for entrepreneurs to pitch ideas to a wider audience searching for investment potential.