Thank you to everyone who joined us at the inaugural Founders Week at the Research Park at the University of Illinois on October 17-19, 2024.
The University of Illinois Urbana-Champaign has an exceptional track record of fostering entrepreneurial success. Consistently ranking in the top five in the number of companies founded, founders, and capital raised, we are a powerhouse of innovation. Small businesses are currently the backbone of the U.S. economy, accounting for over 60% of all jobs created in the U.S. We believe in cultivating entrepreneurship, producing founders, and preparing students for all aspects of new venture creation, and growth is imperative in meeting our land grant mission in today’s economy. Our graduate companies are now leading players in their respective industries, demonstrating the real-world impact of our entrepreneurship initiatives.
Founders Week celebrated our collective achievements in entrepreneurship, and highlighted the innovative ecosystems that foster groundbreaking ventures, empower countless entrepreneurs, and will define the future of Illini Entrepreneurship. Participants included Illini Angels (alumni in angel investing and venture capital), angel groups, investors actively supporting startups in Illinois, entrepreneurship ecosystem leaders, faculty, and students interested in entrepreneurship.
Together, we’re building a legacy of innovation and growth, and Founders Week is the perfect opportunity to celebrate and strengthen our shared commitment to shaping the future of Illini Entrepreneurship.
Thursday, October 17
Location: Illinois Conference Center (Heritage Hall 5), 111 St. Mary’s Road, Champaign, IL 61820
Time: Thursday, October 17, 12 to 2:30 p.m.
Capitalization of startups throughout their growth from early stage to exit is an essential component of economic development in the state if these companies are to maintain a significant presence in Illinois. Speakers led discussions on capital formation, attraction, and allocation to fund companies as they grow through these stages.
- Paul Magelli, Senior Director, Illinois Ventures – Illini Angels
- Nancy Sullivan, CEO, Illinois Ventures
- Bruce Sommer, Managing Partner, NG4 Capital
- Jack Marck, Managing Director, gener8tor
- Tim Hoerr, CEO, Serra Ventures
- Kim Kidwell, Associate Chancellor for Strategic Partnerships and Initiatives
- iVenture Accelerator University of Illinois Teams
Location: Illinois Conference Center (Heritage Hall 5), 111 St. Mary’s Road, Champaign, IL 61820
Time: Thursday, October 17, 2:45 to 4:30 p.m.
Innovators and entrepreneurs have various needs in the early stages of a new venture. This event included a pitch workshop and an opportunity for participants to pitch to the audience with needs ranging from capital, co-founders, mentors, business development partnerships, and ecosystem support.
- Manu Edakara, Director of iVenture, Gies College of Business
- Lucy Brennan, Director, Founder’s Team at P33 Chicago
- Nate Hoffmann, Director, Office of Technology Management
- Stephanie Faraci, Senior Associate Director, Grainger Technology Entrepreneur Center
- Cynthia Faullin, Associate Director, EnterpriseWorks
- Elias Kourpas, Professor, Academic Director iVenture
Location: Meet at the Illinois Conference Center (Heritage Hall 5), 111 St. Mary’s Road, Champaign, IL 61820
Time: Thursday, October 17, 2:30 to 4:30 p.m.
The campus tour included stops at the places on campus where the future is being invented, from the Institute of Genomic Biology and the Integrated Biology Research Lab to EnterpriseWorks at Research Park.
Location: EnterpriseWorks, 60 Hazelwood Drive, Champaign, IL 61820
Time: Thursday, October 17, 5 to 6:30 p.m.
The first “live” TechRise pitch competition hosted in central Illinois invited five companies to compete for a $25,000 cash prize. TechRise is a community that facilitates funding, mentorship and support for Chicago’s historically underrepresented founders. The pitch competition will showcase underrepresented or overlooked founders in the Champaign-Urbana area.
- Master of Ceremonies: Phil Rowell, Chief Analytics Officer, Health Catalyst
- Judge: Paul Burton, Founder & Managing Partner, 2Flo Ventures
- Judge: Lori Gold Patterson, CEO, PixoVIN
- Judge: Chika Umedi, Product Manager, Google
- Finalist: Oscar Azofeifa, PowerBox Technology, CEO
- Finalist: Aryan Indarapu, AVEA Robotics, CEO
- Finalist: Shrikar Lekkala, MetaFrazo, CEO & Founder
- Winner: Tessabella Magliochetti, AmnioAlert, President & Co-Founder
- Finalist: Ohm Vyas, ShotHawk, Co-Founder
Location: University of Illinois Foundation Building, 303 St. Mary’s Road, Champaign, IL 61820
Time: Thursday, October 17, 7 to 8:30 p.m.
This invite-only event celebrated the 20th anniversary of EnterpriseWorks. EnterpriseWorks is a technology business incubator that supports the University of Illinois and community entrepreneurs in all stages of their startup journey.
Friday, October 18
Location: Illinois Conference Center, 111 St. Mary’s Road, Champaign, IL 61820
Time: Friday, October 18, 7:30 to 10:30 a.m.
After a little over a year in operation, Illini Angels hosted its meeting on the second day of Founders Week. Illini Angels is a group of experienced entrepreneurs and investors who invest in and mentor Illinois founders. If you are interested in joining this group, contact Paul Magelli.
Location: Illinois Conference Center (Chancellor’s Ballroom), 111 St. Mary’s Road, Champaign, IL 61820
Time: Friday, October 18, 11 a.m. to 4:30 p.m.
This showcase highlighted the hottest technologies and companies being spun out of University of Illinois research labs in areas spanning biotech, health innovation, computing, artificial intelligence, quantum, climate tech, and more. Speakers included:
- Gerald Wilson, Director of Entrepreneurship, EnterpriseWorks
- Susan Martinis, Vice Chancellor for Research and Innovation, University of Illinois
- Brooke Elliott, Dean, Gies College of Business
- Brian Cunningham, Professor of Electrical and Computer Engineering & Founder, SRU Biosystems
- Adam Bleakney, Faculty, University of Illinois
- Federico Zuckermann, Professor of Immunology & Founder, Aptimmune Biologics
- Nancy Sullivan, CEO, Illinois Ventures
- Marty Burke, Professor of Chemistry & Founder, REVOLUTION Medicines, Ambys Medicines, Sfunga Therapeutics, and Cystetic Medicine
- Adam Bates, Secure & Transparent Systems Laboratory
- Akul Goyal, PhD Candidate, University of Illinois
- Kevin Ros, CS PhD Candidate, University of Illinois
- Paul Braun, Professor & Co-Founder, TearDX, Xerion Advanced Battery, Autonomic Materials Inc
- Arpit Dwivedi, CEO & Founder, Cache Energy
- Kaiyu Guan, Professor & Co-Founder, Habiterre
- Laura Appenzeller, Executive Director, University of Illinois Research Park
- Beth Connerty, Regional Innovation Officer iFAB Tech Hub
- Harley Johnson, Director & CEO, Illinois Quantum and Microelectronics Park
- Brian DeMarco, Professor & Director, Illinois Quantum Information Science and Technology Center
- Kim Kidwell, Associate Chancellor for Strategic Partnerships and Initiatives
- Jacob Kinsey, Director, Magelli Office of Experimental Learning, University of Illinois
- Kearsa Rawson, Senior Coordinator of Student Innovation, Technology Entrepreneur Center
- Advay Gupta, CEO & Founder, Pathlit
- Paul Magelli, Senior Director, Illinois Ventures – Illini Angels
- Alan Braverman, CTO, Braverware and Board Chair, Nightingale Security
- Sean Chou, Co-Founder, Catalytic and Founding CTO, Fieldglass
- Craig Vodnik, Founder, Cleverbridge and HiFi Clinic
- Jason Berg, Co-Owner & CEO, Pixo
- Jeremy Ross, CEO & Founder, Hourglass Medical
- Chinmay Soman, CEO & Founder, EarthSense
- James Langer, Co-Founder & President, Serionix
- Nate Hoffman, Director, Office of Technology Management
Location: Illinois Conference Center, 111 St. Mary’s Road, Champaign, IL 61820
Time: Friday, October 18, 4:30 to 6 p.m.
Friday’s Founders Week events concluded with a networking reception. This was an opportunity to meet more companies and turn Illini pride into a connected entrepreneurship community.
Saturday, October 19
Location: EnterpriseWorks, 60 Hazelwood Drive, Champaign, IL 61820
Time: Saturday, October 19, 11:30 a.m. to 2 p.m.
The Research Park community was invited to celebrate the Illinois football game against Michigan with an informal tailgate at EnterpriseWorks before the kickoff at 2:30 p.m.