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News Recognition & Awards

University of Illinois Honored With “Innovation & Economic Prosperity University” Distinction

The Association of Public and Land-grant Universities (APLU) designated the University of Illinois an “Innovation and Economic Prosperity (IEP) University,” which recognizes institutions that work to advance the economic well-being of their states, regions, and the nation through a variety of exemplary, innovative, and sustainable efforts. The application process involved scrutinizing and analyzing not only the current innovational and entrepreneurial efforts, including Research Park, but also areas for future growth. While this distinction reflects the best endeavors the University has made to better its community and the nation, it also cements a bright future for the University of Illinois and its capacity to bring positive change to its communities. Research Park is humbled to have played a role in contributing to the local and global communities outside of the University.

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News

Chicago Tribune Highlights Research Park’s Ability to Capitalize on Student Talent

The Chicago Tribune’s BlueSky tech magazine highlighted the talent development opportunities in the Research Park in a series about venture capitalists. Research Park was included in the second part of the series on July 8. One of the hallmarks of Research Park since its birth has been its location on campus. Unlike many other research facilities associated with universities, Research Park at the University of Illinois at Urbana-Champaign has been a magnet for talent, recruiting the most qualified students to work at one of over a hundred companies at the park. State Farm, Dow AgroSciences, and John Deere are among a multitude of companies that seek student talent. Although the companies of Research Park capitalize on the university’s top programs in engineering and business, the 400 students that are employed at any given time are hired from majors ranging from graphic design and advertising to mathematics and communication and a vast spectrum in between.

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Media Mentions News Research Park

Research Park Highly Attributed to Champaign Being “3rd Fastest-Growing City In Illinois”

The Daily Illini showcased Research Park as the muscles behind Champaign’s status of being Illinois’ “3rd fastest-growing city.” Highlighted in the article is Research Park and its commitment to creating an environment that attracts not only big companies like Yahoo!, State Farm, and John Deere; but also a plethora of startup companies at the EnterpriseWorks Building. Besides strongly stimulating Champaign’s economy, the over one hundred companies also are committed to taking advantage of the incredible resources on campus, especially the talent of the students. At any given time, over 400 undergraduate and graduate students are employed by Research Park. Although the companies capitalize on the students of the premier programs such as engineering and business, students from other majors, ranging from advertising to data management, round out the other needs of the companies. Research Park is proud to have such a strong partnership with the University of Illinois and its vast talent of student resources that positively affects Champaign’s economy and pushes the city forward.

Research Park Highly Attributed to Champaign Being “3rd Fastest-Growing City In Illinois” Read Post »

EnterpriseWorks Media Mentions News

Chromatin’s Recent Success Highlighted in Crain’s Chicago Business

Crain’s Chicago Business profiled the success of startup Chromatin, a graduate from the EnterpriseWorks incubator who currently has a 6,000-square foot footprint in the University of Illinois Research Park. Research Park is very proud of Chromatin’s team and their persistent diligence and hard work. Read the full featured article in Crain’s Chicago Business online. Today, Chromatin’s teams in Champaign and Texas, working with eight nurseries around the world, develop thousands of new varieties of sorghum each year from traditional cross-breeding; varieties containing the company’s patented mini-chromosomes are under development. The company, based in downtown Chicago, has 200 employees and tens of millions of dollars of annual revenue, though Ms. Preuss won’t disclose more exact numbers. In January, Chromatin raised $36 million in series E financing, with Wood Creek Capital Management of New Haven, Connecticut, leading the effort, raising its fetch to $70 million. John Banta, CEO of IllinoisVentures LLC, a Chicago early-stage investment firm that has invested in Chromatin, says Ms. Preuss is a rarity. “The cultural divide between the two settings”—a university research lab and a startup business—“can be great, which is why it is so unusual for later-stage CEOs to derive from the lab/classroom,” he says. Ms. Preuss, who holds a 1990 doctorate in biology from MIT, grew up in eastern Colorado. She saw herself becoming an inventor like her hero Thomas Edison, “deploying science to improve people’s lives.” As a teen, she worked in her family’s hardware distribution business, sweeping floors and making sales calls. She says her parents’ comeback from a fire that destroyed their warehouse helped inspire her own “rising from the ashes” story at Chromatin.

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News Research Park

Frerichs Visits Capitol Hill to Discuss Champaign-Urbana’s Growing Tech Sector

University of Illinois Research Park Director Laura Frerichs visited the US Capitol today to address staff from the Illinois Congressional delegation about the tech industry in Illinois.  The Capitol Hill briefing on the state’s high-tech industry was organized by the Illinois Chamber of Commerce.  Frerichs discussed the growing technology sector in Champaign-Urbana at the Research Park, successful startup activity at EnterpriseWorks incubator, recruitment of students and internships, and a recent study completed by the EDA funded University Center at Illinois that profiled 18 incubators across the state of Illinois. Topics discussed at the event included technology workforce development, immigration reform, crowdfunding, entrepreneurship and incubation, STEM education including software coding for K-12, digital manufacturing and community colleges, connecting veterans to tech, and patent reform. Other speakers included: 1871, Orbitz, Google, Motorola Solution, Motorola Mobility, and TechAmerica.

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Uncategorized

Turn Innovation Center: “There’s no upper limit on how the site can grow”

The Turn Innovation Center was featured in the (Champaign-Urbana) News-Gazette on Thursday, May 1. The article details why the Silicon Valley-based company wanted to open its first innovation center at the University of Illinois, in the Research Park. “… The company zeroed in on a location in Champaign because of its access to top engineering talent from the UI College of Engineering’s computer science and electrical and computer engineering departments, its association with supercomputing and distributed systems,” writes the paper. Ross Bundy, a senior manager of engineering, is the site manager for Turn. The company is actively hiring. The entire article is available via the News-Gazette website. 

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Media Mentions News Recognition & Awards Research Park

Research Park Cited For Job Creation As Champaign Named Third Fastest Growing City In Illinois

NerdWallet, a consumer advocacy website, recently conducted a study to find the fastest-growing cities in Illinois – and Champaign ranked third. The website specifically called out the Research Park as being a driver for economic development and growth. “Tech companies are expanding in Champaign, including new jobs added at Intel and an expansion of the Yahoo! offices at The Research Park at the University of Illinois Urbana-Champaign. The Research Park is also supporting job and income growth in Champaign through its startup incubator Enterprise Works, which supports science and technology startups with lab and office space, entrepreneurship classes and the resources of the university community.” For more on the Nerdwallet rankings, visit the story on its website.

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Media Mentions News Research Park

Dow Highlights Research Park Center in Annual Report

The 2013 Dow Annual Report includes its new University of Illinois Research Park Dow Innovation Center as part of its strategy to leverage collaboration to speed innovation. “In addition, many of our approximately 6,400 researchers globally collaborate with research institutions and universities to accelerate the pace of innovation for breakthrough solutions. For example, as part of our Strategic University Partners program with 11 leading universities, Dow opened an innovation center in 2013 at the University of Illinois Research Park in Champaign to develop data management solutions to drive value within our R&D organizations.” Link to the report:  http://www.dow.com/investors/pdfs/2013_Full_Report.pdf

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EnterpriseWorks News Recognition & Awards

EP Purification Wins Clean Energy Challenge $100,000 Grand Prize

EP Purification captured the $100,000 Wells Fargo Grand Prize for Clean Energy Entrepreneurship at the 2014 Clean Energy Trust Challenge on April 3. The EnterpriseWorks-based startup is devoted to the manufacturing of novel systems for the purification of water and air, based on microplasma technology developed at and licensed from the University of Illinois at Urbana-Champaign. The company is led by Sung-Jin Park and Gary Eden, both University of Illinois engineering faculty. The Clean Energy Challenge is one of the nation’s most important clean energy business events. Finalists from the past three Challenge events have raised more than $40 million in outside investment, created 280 jobs and registered 40 patents and disclosures. Press coverage of the Clean Energy Trust Challenge: Crain’s Chicago Business :

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Uncategorized

John Deere Technology Innovation Center To Double in Size at Research Park

CHAMPAIGN, IL – The John Deere Technology Innovation Center (JDTIC) located at the University of Illinois at Urbana-Champaign’s Research Park will double in size to accommodate growth and further leverage the skills and knowledge of faculty and students in the areas of agriculture, business, engineering, and information technology. The Center employs students and full time professionals to advance innovation, research, and information technology for John Deere. “Innovation is at the core of what John Deere has stood for in its entire 176-year history,” said John Reid, director of product technology and innovation. “Our customers depend on Deere to develop innovative solutions that enhance their productivity. Our work with strategic university partners, such as the University of Illinois, helps us deliver these integrated solutions for John Deere customers.” Through the technology innovation center and the relationship with the University of Illinois, Deere gains access to students and academic experts from a broad range of domain areas, including engineering, agronomy, computer science, statistics, industrial design, psychology and information library sciences. Klaus Hoehn, vice president of advanced technology and engineering at Deere, said, “Expanding the technology innovation facility at the University of Illinois enhances John Deere’s capability to lead innovation efforts in technology and engineering. In addition, this effort helps John Deere attract highly skilled talent from a leading university.” The expansion provides the needed space to further integrate undergraduate and graduate students working on John Deere’s technology efforts. It embraces an agile working environment to increase collaboration and project team flexibility. Through this investment, Deere can enhance its focus on greater innovation in the areas of information technology, user experience, advanced algorithm science, mobile solutions, agronomy, and high performing computing. “From their first days in the Research Park, John Deere has been a valued partner to the students and faculty the University of Illinois at Urbana-Champaign and a catalyst for ongoing social and economic development in the local community. Whether through their employment of our students or their engagement with our researchers, their presence here has made Illinois a more productive university and a more attractive home for new staff and faculty. We are pleased to see this relationship grow even stronger with this expansion of the John Deere Technology Innovation Center (JDTIC) at our Research Park,” said Chancellor Phyllis Wise. The John Deere Technology Innovation Center in Champaign delivers customer- centered solutions in the agriculture production system through focused research, accelerated incubation, and differentiated experience. Deere & Company (NYSE: DE) is a world leader in providing advanced products and services and is committed to the success of customers whose work is linked to the land – those who cultivate, harvest, transform, enrich and build upon the land to meet the world’s dramatically increasing need for food, fuel, shelter and infrastructure. For more information, visit John Deere at its worldwide website at www.JohnDeere.com. Since its founding in 1867, the University of Illinois at Urbana-Champaign has earned a reputation as a world-class leader in research, teaching, and public engagement. Located on campus, the Research Park at the University of Illinois at Urbana-Champaign is a technology hub for startup companies and corporate research and development operations.  

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