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Community News Research Park

New Name, Strong Ties: State Farm Center Neighbors State Farm Research and Development Center in Research Park

With the announcement today that State Farm has acquired the naming rights to the building formerly known as the Assembly Hall, what Illini fans may not know is that State Farm already has a significant presence along First Street in Champaign. The State Farm Research and Development Center, located in Research Park at 2001 S. First St., is a place where State Farm staff and University of Illinois students guide and support company programs with high-level research. SFRDC employs 28 full-time staff as well as more than 70 student interns per semester. Students work part-time during the school year and full-time during the summer, creating a year-round work environment. The work at the Research Center primarily supports three State Farm departments: Property & Casualty Actuarial; Systems; and Strategic Resources. Students conduct research and projects including mobile application development, information systems, pricing and financial analysis, competitor analysis, and knowledge management. More than 500 students have gone through the internship program since the Center opened in 2005; some are hired into the company upon graduation. The program continues to grow, as State Farm has expanded its building footprint four times, most recently in 2012. Media coverage of the name change that mentions Research Park and/or the SFRDC: The News-Gazette The Daily Illini

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Features Media Mentions News Recognition & Awards

Oso Technologies Product Inspires Letterman “Top Ten” and Conan

The “Top Ten List” segment from David Letterman’s Late Night show on Feb. 7 was inspired by Oso Technologies’ PlantLink system. Its product was also mentioned on Conan, CBS This Morning, and Drudge Report the week of Feb. 4. Top Ten Things House Plants Have To Say Thursday, February 7, 2013 10. “Watching you eat salad is creepy” 9. “Please ask the dog to stop ‘watering’ me” 8. “I had the most amazing photosynthesis last weekend” 7. “Your wife is sleeping with the UPS guy” 6. “I’m not going back on tour with Led Zeppelin” (Oh, I’m sorry, that’s what Robert Plant has to say) 5. “I absorb the CO2 you exhale–maybe try a breath mint” 4. “I’d like to thank the people of Colorado and Washington for legalizing me” 3. “For the love of God, put on some pants” 2. “With my ass in the dirt all day, I feel like the 49ers defense–Hey-o!” 1. “Your cactus is a real prick”  

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News Partnerships & Acquisitions Research Park

Dow Opens Innovation Center at the University of Illinois Research Park to Advance Computing and Informatics Applications

CHAMPAIGN, IL – January 14, 2013 – As part of its mission to solve challenging problems through innovation, The Dow AgroSciences announced a partnership with the University of Illinois to open the Dow Innovation Center, a research facility located at the University of Illinois Urbana-Champaign.  The new Innovation Center will develop data management solutions to drive value and accelerate discovery in the Research & Development (R&D) organizations throughout Dow. “The opening of the Dow Innovation Center continues the strong relationship between the University of Illinois and Dow,” said Chancellor Phyllis Wise.  “We are pushing the edges of science and technology to explore new ideas in critical areas such as water, energy, coatings and agriculture. Solutions to increasingly complex societal challenges brought about by an expanding global population will be found in this kind of innovative partnership. The new center will draw upon the strengths in High Performance Computing (HPC), Informatics, and Computer Science at the University of Illinois to enhance technology and research within Dow.” At the same time, Dow has entered into an industry partnership with the National Center for Supercomputing Applications (NCSA), providing access to expertise and equipment which will accelerate Dow’s discovery processes. This partnership will enable Dow to leverage the center’s expertise and knowledge of best practices in high-performance modeling and simulation to gain a competitive edge. “We are very pleased to announce the opening of an IT development office that will build upon the University of Illinois’ tradition of groundbreaking computer science research and education,” said Roy Ladd, Director of Global Information Research at Dow. “With access to a highly passionate student body and NCSA’s valuable resources, we are confident that we can develop innovative IT solutions that will help solve some of the most pressing challenges facing our customers and society today.” A team of sixteen students in computer science and related fields will work part-time at the new Dow Innovation Center, which opens in the spring 2013 semester. The operation is in the Research Park, which is located on campus to better connect industry with researchers and students. “This environment will provide students the opportunity to enhance their University of Illinois education with real-life experiences that impact industry and address major global product solutions,” said Lawrence Schook, University of Illinois Vice President for Research. The new Dow office is located at 2021 S. First Street in the Research Park. Fox/Atkins Development owns the building and successfully worked on an agreement for Dow to lease space in the faciltiy and begin operations quickly. Construction was completed within a one-month time period to prepare the suite and allow Dow to open the facility for the beginning of the spring semester. The University of Illinois at Urbana-Champaign is also part of the Strategic University Partnership launched by Dow in 2011 to focus research capabilities with 11 of the leading chemistry, materials science and chemical engineering departments in the country.  About DowDow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world’s most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow’s diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2011, Dow had annual sales of $60 billion and employed approximately 52,000 people worldwide. The Company’s more than 5,000 products are manufactured at 197 sites in 36 countries across the globe. References to “Dow” or the “Company” mean Dow AgroSciences and its consolidated subsidiaries unless otherwise expressly noted. More information can be found at www.dow.com. About the University of IllinoisThe University of Illinois is a world leader in research, teaching and discovery. Distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty, the University of Illinois has a commitment of excellence in teaching, research, public service and economic development. The University of Illinois at Urbana-Champaign serves the state, the nation, and the world by creating knowledge, preparing students for lives of impact, and addressing critical societal needs through the transfer and application of knowledge. About the Research Park at the University of IllinoisThe Research Park at the University of Illinois at Urbana-Champaign provides an environment where technology-based businesses can work with faculty and students at Illinois to take advantage of opportunities for collaborative research and easy access to University labs, equipment, and services. The Research Park is home to more than 90 companies and growing, employing over 1,400 people in high-technology careers.  At any given time, over 400 student interns are gaining valuable work experience while making real contributions to internal corporate R&D and product development programs. Publicly-traded firms in the Research Park include: ADM, Abbott Laboratories, Caterpillar, Deere & Company, Neustar, Pearson, Raytheon, Riverbed, Sony, State Farm, and Yahoo. It was named 2011 Outstanding Research Park of the Year by the Association of University Research Parks (AURP). The Research Park has been developed through a public-private partnership between the University of Illinois and Fox/Atkins Development, LLC.  About the National Center for Supercomputing Applications NCSA, located at the University of Illinois at Urbana-Champaign, provides powerful computers and expert support that help thousands of scientists and engineers across the country improve our world. For 25 years, NCSA has been a leader in deploying robust high-performance computing resources and in working with research communities to develop new computing and software technologies. Building on this history of leadership, NCSA and its partners are at work on the Blue Waters project, which will provide the national research community with a sustained-petaflop supercomputer.  

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Investments News Partnerships & Acquisitions Research Park

Illinois Applied Research Institute Launched in the Research Park

The Illinois Applied Research Institute, which is now located in the Research Park, was featured in the (Champaign-Urbana) News-Gazette on Nov. 6. It is housed in space being leased by the Center for Advanced Design, Research, and Exploration, in the Caterpillar building. “The Illinois Applied Research Institute plans to work with agencies such as the Air Force Research Laboratory and Department on Energy on everything from radar technology and cybersecurity to hydrogen fuel cells. It could also partner with companies on a contractual basis to, for example, test products like fertilizers or design electronic devices.

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Events News Recognition & Awards Research Park

Lt. Gov. Sheila Simon Performs Ribbon Cutting at Grand Opening of Weatherization Training Facility

The new Indoor Climate Research & Training (ICRT) program training facility held its Grand Opening Ceremony on October 16, 2012.  Dr. Manohar Kulkarni (ISTC Director) and Paul Francisco (Research Engineer and Program Leader for ICRT) kicked of the ceremony with welcoming remarks and short history of the ICRT program.  Special guest Lt. Governor Sheila Simon was given the honor of cutting the ribbon for the official opening of the training facility. In addition to the Lt. Governor, Naomi Jakobsson (Representative from the 103rd district) and Paul Faraci (local representative) were in attendance as well as Dr. Howard Guenther from the Office of the Vice Chancellor of Research (UI), members from the Prairie Research Institute, the ISTC Advisory Board, the Smart Energy Design Assistance Center (SEDAC), Business Innovation Services (UI), Masha Trenhalie (VP of Operations for Fox Development), Civil and Environmental Engineering Department (UI), Agricultural and Biological Engineering Department (UI), Illinois Department of Commerce and Economic Opportunity (IDCEO), Community and Economic Development Association (CEDA), and a number of training instructors and contractors. The new weatherization training facility is 6,700 square feet and is located at 2111 S. Oak Street, Suite 106 in Champaign.  The program  is the only one in Illinois that includes space for both classrooms and hands-on training opportunities for the home performance industry. It is expected to serve thousands of trainees. Funding for the training center was provided by the federal American Recovery and Reinvestment Act and the Illinois Jobs Now! capital construction program.

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News Research Park

Progress Continues in the Research Park Residential/Retail Project

The Research Park continues to make progress to develop an additional 160 acres on the east side of First Street, with the first project being the long-anticipated retail and residential component. The News-Gazette reported on the recent meeting of the Research Park Board of Managers, which featured discussion of the retail/residential amenities as well as information regarding broadband.

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Investments News Research Park

Research Park Expansion Update: Fourth Street Extension Paved

One of the key factors in the expansion of the University of Illinois Research Park is the extension of Fourth Street to connect St. Mary’s and Windsor Roads. The concrete for this road was poured on Thursday, Sept. 13. From the News-Gazette: “For 12 hours on Thursday, workers poured, smoothed and worked the concrete that will become a 4,100-foot segment of a street that officials hope will spur the continued development of the University of Illinois Research Park.”

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Uncategorized

Intelliwheels Raises more than $500,000 to Create Innovative Wheelchairs

CHAMPAIGN, Ill. — IntelliWheels, Inc., a startup that develops technology to improve mobility options for wheelchair users, has announced it has secured more than $500,000 in funding. It has received venture capital funding from Champaign-based Serra Ventures and San Francisco-based Crestlight Venture Productions; additional support from the National Collegiate Inventors and Innovators Alliance (NCIIA) through its Venture Well LLC subsidiary; and angel investors from the Champaign -Urbana community. The funding will support IntelliWheels’ development of a patent-pending geared wheel for manual wheelchairs, designed to make pushing a wheelchair easier. In addition to the venture capital funding, IntelliWheels has received a Phase 1 SBIR (Small Business Innovation Research) award from the National Institutes of Health. The SBIR award is supported by the Eunice Kennedy Shriver National Institute of Child Health & Human Development of the National Institutes of Health. It will be directed toward research and development of the automatic transmission for manually propelled wheelchairs, which will be conducted at EnterpriseWorks, the technology business incubator at the University of Illinois Research Park where IntelliWheels is located. “Through grants, awards and the amazing support of the Champaign-Urbana community, IntelliWheels has made great progress in product development. Closing on this round of funding will allow us to move on to product launch of our geared wheels and get them into the hands of wheelchair users,” said Marissa Siebel, Co-Founder of IntelliWheels, Inc. IntelliWheels is currently in the final steps of development for its two-to-one geared wheel named the Easy Push, scheduled to be on the market at the start of 2013. About IntelliWheels IntelliWheels, Inc., is a startup company out of the University of Illinois at Urbana-Champaign that develops technology to improve mobility options for wheelchair users. It was founded by Scott Daigle, a mechanical engineer, and Marissa Siebel, an athletic trainer for wheelchair athletes and doctoral student in community health, in May 2010. Daigle and Siebel met in a motor control lab where they were researching wheelchair propulsion. Intelliwheels received the prestigious $30,000 Lemelson-MIT Award in 2011. Contact: MARISSA SIEBEL, marissa@intelli-wheels.com, (201)-572-8163 About Serra Ventures Serra Capital I, L.P. has been formed to provide venture capital to early-stage and emerging technology companies sourced primarily from Illinois, Texas and California by identifying opportunities through the Principals’ extensive relationships with universities, entrepreneurs, centers of influence and investors. With its headquarters in the University of Illinois Research Park (Champaign, Illinois), the Fund’s objective is to generate higher-than-average, risk-adjusted returns by applying its proprietary investment framework and its mentor/consultative model to companies with innovative technologies. For more information see www.serraventures.com. About Crestlight Venture Productions Crestlight Venture Productions challenges the investment status quo by engineering the success of early-stage technology companies. We do this with a revolutionary system that we call “Venture Production”, which is an elegant blend of ‘private equity-like’ hands-on execution and staged investing. This “Venture Production” system is used to actively increase the value of a business by measurably accelerating the company through a series of stages identified to build core strength and sustainable revenue. Once inflection points that focus on customer discovery and validation as well as product protection and scale are identified, the production model then uses specialized teams to jump in and execute. Crestlight is an impact investor that engineers success. About VentureWell VentureWell is a program of the NCIIA that provides advisory support and seed stage investment funding. NCIIA is a national non-profit that provides grant funding and support to university student innovation teams and to faculty for courses and programs in innovation and entrepreneurship that catalyze technology based scalable inventions that deliver social benefit.

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EnterpriseWorks News Partnerships & Acquisitions

Enterpriseworks graduate, Pattern Insight, technology acquired by VMware

Pattern Insight was founded by former University of Illinois Computer Science professor YY Zhou and the company’s first employee was Jed Taylor, who now advises EnterpriseWorks clients as an Entrepreneur-in-Residence. Pattern Insight was located at EnterpriseWorks from 2007 to 2011. Pattern Insight is a data mining technology company that enables real-time analysis of source code, changing how software-intensive products are developed, tested and supported. Log Insight, a log analytics product, aims at management and real time operational analytics for IT data regardless of scale. On August 7, 2012 it was announced that Log Insight, together with its technology and team, have been acquired by VMware. EnterpriseWorks is pleased for this successful acquisition by one of its former clients. Pattern Insight will continue to have its Code business. http://patterninsight.com/blog/blog-post/2012/08/07/log-insight-has-been-acquired-by-vmware/

Enterpriseworks graduate, Pattern Insight, technology acquired by VMware Read Post »