EnterpriseWorks

EnterpriseWorks News Recognition & Awards Research Park

HabiTerre Awarded $75,000 Arch Grants Prize

EnterpriseWorks startup HabiTerre has won $75,000 in the Arch Grants startup competition. HabiTerre monitors, measures, and analyzes global and local resource levels and provide actionable insights for optimal management of land and water. It was founded at the University of Illinois Urbana-Champaign. Arch Grants is a St. Louis nonprofit that annually awards $75,000 equity-free grants to startups. It awarded 23 companies in 2022.  Co-founder Dr. Kaiyu Guan, CEO Nick Reinke, Senior Modeling Scientist Bin Ping and Chief Engineer Yizhi Huang represented HabiTerre at the Arch Grants gala on Friday, Nov. 18. As part of the Arch Grants award, each company will commit to operating their business from St. Louis for at least one year; HabiTerre plans to continue its presence at EnterpirseWorks.

HabiTerre Awarded $75,000 Arch Grants Prize Read Post »

EnterpriseWorks News Recognition & Awards Research Park

Identomat Named Top Startup at GITI 2022

EnterpriseWorks cybersecurity startup Identomat was recognized as the top IT startup at the Georgian IT Innovations Conference earlier this month. Identomat has built an AI-powered Know Your Customer and identity verification for traditional & Blockchain spaces. GITI is an annual event held in Tlibisi, Georgia which focuses on digital transformation, GovTech, FinTech, Information, and Cybersecurity. It has become a flagship event  in the Central and East Europe, Baltic States, Caucasus, and Middle Asia region. More than 500 participants from over 20 countries attend. Identomat was founded in Georgia. Its US headquarters is located in Champaign at the EnterpriseWorks incubator. Find out more information about Identomat here.

Identomat Named Top Startup at GITI 2022 Read Post »

EnterpriseWorks Investments News Recognition & Awards Research Park

SimBioSys Awarded $2M Phase II NCI SBIR Contract

SimBioSys®, the precision medicine company behind TumorScope®, the 4D tumor modeling platform for treatment planning, announced today it has been awarded a $2M Phase II Small Business Innovation Research (SBIR) contract from the National Cancer Institute (NCI), part of the National Institutes of Health. SimBioSys is a startup based at EnterpriseWorks, the incubator at the University of Illinois Research Park in Champaign. Heterogeneity among cancers and differences within individual tumors continue to challenge the efforts to develop effective therapies and design clinical trials. Therefore, SimBioSys’ goal with PhenoScope™ is to provide a cutting-edge extension of their TumorScope platform to capture tumor heterogeneity and develop the next generation of multi-modal biomarkers to support cancer research in academia and biopharma. “It’s an exciting time in cancer research due to the explosion of cancer phenotyping datasets, yet the computational complexity of analyzing and connecting such data across scales is hindering progress,” said Dr. Joseph Peterson, CTO of SimBioSys. “PhenoScope builds on our strong 4D tumor modeling fundamentals to further support our collaborators and researchers at earlier stages of the cancer care industry.” PhenoScope integrates data from multiple biological scales including genomic, cellular/pathway, microscopic tissue environment, and organ scales with clinical outcomes data. This multi-scale interconnection will enable study of diverse biological characteristics that affect tumor phenotype, from mutations and response to drugs and spatial heterogeneity. The technology combines state-of-the-art machine learning, dimensionality reduction techniques, novel spatio-temporal simulation algorithms, and supports numerous public data repositories. Platform users will have new means of assessing factors contributing to a cancer’s phenotypical behavior, thereby allowing elucidation of new pharmacodynamic, prognostic, predictive, and surrogate biomarkers. “It’s fascinating how PhenoScope connects complex cancer datasets and allows the visualization of such data in a 4D manner,” said Tricia Carrigan, SVP of precision medicine at SimBioSys. “We now have a tool that enables us to determine drug dosing and biomarker relationships more precisely before ever dosing a patient, which will play an important role in drug development.” The company successfully completed a Phase I contract in 2021 centered around the development of the prototype cloud- and web-based version of PhenoScope. During the Phase II contract, SimBioSys will expand access to PhenoScope and novel datasets to a broader user base.

SimBioSys Awarded $2M Phase II NCI SBIR Contract Read Post »

EnterpriseWorks News Recognition & Awards Research Park

Hypercell Technologies Selected as Standout Startup for FoodBytes! Program

Hypercell Technologies, an EnterpriseWorks startup developing technologies to control infectious disease in production animals that can put human health at risk, was selected as one of the 45  outstanding startups in the Rabobank’s FoodBytes! food and innovation platform. “The 45 startups selected to participate in the FoodBytes! by Rabobank ag and innovation program in 2022 provide a neat snapshot into trending topics in food and agriculture, from personalized nutrition and upcycling to robotics and farm biologics,” wrote Food Navigator USA. Rabobank’s FoodBytes! is a platform that discovers the best and brightest emerging companies that are addressing the world’s biggest food challenges. The program manages to bring together the most promising startups, corporations and investors to create more sustainable solutions for the agricultural industry. Hypercell is developing molecular diagnostics and biotherapeutic treatments  to reduce the risk of another pandemic. Hypercell was selected for the FoodBytes! Program for its innovative way of developing technology that optimizes farming production decisions. The 45 startups are selected based on a variety of themes and criteria including meeting new consumer demands, developing technologies that optimize food production decisions and reimagining workplace conditions and operations.  The chosen companies participated in programming with access to industry executives, mentorship and relationship building with potential corporate partners and investors.

Hypercell Technologies Selected as Standout Startup for FoodBytes! Program Read Post »

EnterpriseWorks News Research Park

Illinois AgTech Accelerator Welcomes Second gBeta Cohort

CHAMPAIGN – The Illinois AgTech Accelerator, a partnership between global venture firm and startup accelerator gener8tor plus Serra Ventures and a consortium of local and global sponsors, kicked off the second gBETA AgTech cohort in October.  One of two annual programs hosted by the Illinois AgTech Accelerator, gBETA AgTech focuses on early-stage companies working in the agriculture and food industries. Three of the companies selected are part of the EnterpriseWorks incubator at the University of Illinois Research Park: Agriwater, FrostDefense EnviroTech, and Epivara. A fourth company, Earnest Agriculture, launched out of the University of Illinois iVenture Accelerator. (See details about the cohort companies at the end of this release.) gener8tor gBETA is a free seven-week, no-equity accelerator program that provides startup founders with intensive concierge coaching and access to its national network of mentors, customers, corporate partners and investors. The programs are designed to set a path for startups to participate in equity-based accelerator programs and investment opportunities. gener8tor recruited startups regionally for the gBETA AgTech program in an effort to support homegrown companies. “We’ve been very impressed with the quality of the teams we’ve seen come through the gBETA programs,” said Dennis Beard, a Managing Partner at Serra Ventures. “These teams are working on the future of agriculture, food, and nutrition and we are excited to work closely with gener8torto help them succeed.” The Illinois AgTech Accelerator is based at the University of Illinois Research Park in Champaign.  Together, the gBETA AgTech program partners aim to support emerging ag and food technologies by leveraging local, regional and global partnerships with investors, corporations and academic institutions such as the University of Illinois. “Being in the epicenter of ag technology enables us to deliver unique and compelling value to the startups we work with,” said Jack Marck, gener8tor Managing Director. “Our relationships with our program sponsors and partners provide valuable resources for our portfolio companies, and we’re excited to grow our family with five more brilliant teams.” gBETA AgTech 2022 Cohort Agriwater implements onsite wastewater treatment systems for livestock farmers to ease the burden of waste management. Agriwater benefits livestock farms by maintaining environmental compliance, creating an additional water source, and providing recurring revenue streams from the sale of carbon credits. Agriwater has completed a successful proof-of-concept and is developing a production-scale solution in partnership with the Oak Ridge National Lab through the Department of Energy’s Innovation Crossroads program. Founder and CEO: Dr. Bianca Bailey | shormabb5@gmail.com | agriwater.tech Earnest Agriculture develops cost-effective biological products that bring the growing power of soil amendments to commercial farmers. Earnest’s all-in-one microbial product fertilizes crops, kills insects, eliminates pathogens and manages weeds. Earnest Agriculture is an Illinois-based, C-Corp. Earnest is on track to reach $40K in monthly revenue by the end of 2023. Founder and CEO: Eddy Mejia | eddy@earnest.ag | earnest.ag Epivara is in late-stage development of a line of injectable alternatives for the surgical sterilization of animals. Epivara’s innovative technology is funded by two SBIR grants (NSF and USDA), VC firms and angel investors. Pilot studieshave identified safe and effective working doses, and Epivara is in active negotiations with pharmaceutical manufacturers. Contact: Suzanne Broussard, PhD | suzanne@epivara.com | epivara.com FrostDefense Envirotech (FDE)’s patented sprayable compound combats early spring frost in vineyards and specialty fruit crops. FDE is a National ScienceFoundation-backed startup with ongoing field trials in the U.S. and paid field trials in Argentina. The company was founded in 2017 in Delaware and is headquartered in Champaign, Illinois at EnterpriseWorks. FDE is going through regulatory approval with plans to generate first sales by growing seasons 2024. Founder and CSO: Manfredo Seufferheld | mseufferheld@gmail.com | frostdefense.com Shevolve Nutrition offers women a one-bite solution for comprehensive, science-backed, life-stage-specific supplemental nutrition. Shevolve Nutrition created a proprietary food-first formula that delivers vitamins, minerals and prebiotic fiber in one mini heath bar. The first product, M Bites, comes in three flavors and is targeting menopause and healthy aging. Three SKUs are in the market, growing 20+% month over month since the launch in late July of 2022 with 60% recurring customers. Founder and CEO: Dasha Shor | dasha@shevolvenutrition.com | shevolvenutrition.com About PartnersSerra Ventures is an early-stage venture capital firm investing in technology companies. Sectors of focus include information technology, devices/instrumentation, and agricultural technologies. The profile of an ideal startup for consideration by Serra is one that has just finished an accelerator program, an I-Corps program or has been through a round of seed funding to establish and prove a strong product-market fit. Serra Ventures is headquartered in Champaign, Illinois, with additional offices in San Diego, Park City and Chicago. Other program supporters include Agri-Fab, GEM Realty Capital, University of Illinois Research Park, Champaign County Economic Development Corporation, and BASF. Startup companies and founders interested in learning more about gBETA’s programming and resources or applying to a future program are encouraged to visit the gener8tor gBETA website.

Illinois AgTech Accelerator Welcomes Second gBeta Cohort Read Post »

EnterpriseWorks News Recognition & Awards Research Park

AgTools Wins Radicle Inclusion Challenge, Receives $250,000 Investment

AgTools, a dashboard platform for agribusiness operators, was proclaimed a winner of the Radicle Inclusion Challenge Presented by Nutrien, and received a $250,000 investment. AgTools is a startup at the EnterpriseWorks incubator at the University of Illinois Research Park. Nutrien partnered with Radicle Growth to provide a platform for innovative and inclusive entrepreneurs who are creating a more sustainable food and ag industry. This year, the Radicle Challenge focused on diversity and inclusion. “Winning this competition is the culmination of a long road of trying to explain the complexity of the world markets impacting any local farmer and how they have to manage their farm beyond the obvious,” said AgTools CEO Martha Montoya. “Knowing the global variables impacting their commodity is crucial for their longevity. Truly rewarding.” With over 130 entrepreneurs from 40 countries, AgTools was successful in receiving the funding after pitching its development of a SaaS-based data platform for materials to provide volume and price insights to an array of customers. Along with the funding, the company will be provided with access to deep industry expertise and a global network of executives, advancing their pathway to success. Read the full news release here.

AgTools Wins Radicle Inclusion Challenge, Receives $250,000 Investment Read Post »

Community EnterpriseWorks Features Media Mentions News Recognition & Awards Research Park

EnterpriseWorks Entrepreneurs Recognized in Chicago Inno 25 Under 25 List

Chicago Inno’s 2022 Inno Under 25 list recognizes young innovators who are already making their mark on the city’s business community. Based on nominations from readers, Chicago Inno compiled a list of founders, investors, community builders and more who are 25 years old and younger. Among those featured are innovators and entrepreneurs whose startups are located at the EnterpriseWorks incubator at Research Park, including the founders of Ascent Integrated Tech, Haylon Technologies, and Natrion. Those honored are: Paul Couston, 25 Founder and CEO, Ascent Integrated Tech Alex Kosyakov, 21 Co-founder of Natrion Dante Vaisbort, 22; Tyler Revesz, 21; Raj Lulla, 21; and Namin Shah, 22 Co-founders of Haylon Technologies The full article is available online, however it is only available to Chicago Inno subscribers.

EnterpriseWorks Entrepreneurs Recognized in Chicago Inno 25 Under 25 List Read Post »

EnterpriseWorks News Recognition & Awards Research Park

Kocree’s Varshney Appointed White House Fellow

Lav Varshney, a computer science professor at Illinois and co-founder of EnterpriseWorks startup Kocree, has been selected to serve as a White House Fellow as part of the 2022-23 class. Kocree is a music creation platform that uses artificial intelligence to allow users to cut melodies, rhythms, and arrangements to create a unique musical  piece. In addition to Kocree, Varshney also serves as the Chief Scientific Officer of EnterpriseWorks startup Ensaras, which uses AI to optimize wastewater treatment. Varshney will be working at the National Security Council, Deputy Advisor for Cyber and Emerging Technology. Founded in 1964, the White House Fellows program offers exceptional young leaders first-hand experience working at the highest levels of the Federal government. Fellows spend a year working with senior White House Staff, Cabinet Secretaries, and other top-ranking Administration officials, and leave the Administration equipped to serve as better leaders in their communities. Fellowships are awarded on a non-partisan basis.

Kocree’s Varshney Appointed White House Fellow Read Post »

Community EnterpriseWorks Media Mentions News Recognition & Awards Research Park

Illinois Investment Guide Highlights Entrepreneurship at Illinois

An article published in the 2022 edition of the Illinois Investment Guide highlights the role of the University of Illinois Urbana-Champaign, and specifically the Research Park, in advancing entrepreneurship within the state. The article describes how the Research Park and its incubator, EntepriseWorks, support and propel startup activity. It features comments from UIRP executive director Laura Appenzeller. “We are growing new companies from scratch,” Appenzeller says in the article. “We have one of the top engineering schools in the U.S. That is a driving factor. Urbana-Champaign is a major hub of engineering and research for technology companies. They can come here and capture talent — particularly in the digital transformation space — that is otherwise very difficult to get.”

Illinois Investment Guide Highlights Entrepreneurship at Illinois Read Post »

EnterpriseWorks News Recognition & Awards Research Park

HabiTerre’s Guan Honored as Innovator of the Year

Dr. Kaiyu Guan, co-founder of EnterpriseWorks startup HabiTerre and the Blue Waters associate professor in ecohydrology and remote sensing, was honored as the Illinois Innovation Network’s Innovator of the Year in the Computing & Data category. The awards recognize individuals from the IIN’s 15 hubs who have made key advances in research, technology commercialization and education. HabiTerre provides 360° in-depth intelligence for every plot of farmland across the globe, together with unprecedented field-scale insights for businesses in the broader agricultural industry. The Illinois Innovation Network (IIN) announced recipients of its second-annual innovation awards Wednesday at the Illinois State Fair’s Tech Prairie STEAM Expo. The awards were presented to faculty, staff or scientists from IIN hubs in four of the IIN’s key subject areas: computing and data, environment and water, food and agriculture, and health and wellness. The IIN also presented awards for an open category of innovation and to a student innovator from IIN hubs. “It is our honor to celebrate these innovators and their discoveries,” said Jay Walsh, vice president for economic development and innovation for the University of Illinois System, which coordinates the IIN. “They all are shining examples of the fantastic research and discovery happening across our state.” For more on this honor, see the full story HERE. 

HabiTerre’s Guan Honored as Innovator of the Year Read Post »