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Farmers Risk is now HarvestIQ

EnterpriseWorks startup Farmers Risk is now known as HarvestIQ. The company is expanding its software suite to include livestock-centric features that help people navigate the nuanced ownership and marketing structures in livestock production. Additionally, it enhances the user experience by enabling the in-platform execution of Chicago Mercantile Exchange (CME) trades and USDA insurance positions. HarvestIQ is an early-stage startup focused on helping farmers improve their risk management. It does this by building tools to help farmers more effectively market their grain, buy crop insurance, hedge their crops, and improve their overall revenue decision-making. In a nutshell, HarvestIQ builds tools for farmers to understand, manage, and execute their risk management strategies around turning a crop into cash. Learn more about what HarvestIQ is doing on Business Wire.

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EnterpriseWorks Media Mentions News Recognition & Awards Research Park

Natrion Co-Founders Named to Forbes’ 30 Under 30: Energy List

Alex Kosyakov and Thomas Rouffiac, co-founders of the EnterpriseWorks startup Natrion, have been named to  2024 Forbes 30 Under 30- Energy list. Natrion is developing battery technologies that can push the capabilities of EVs by solving the biggest issues that automakers and battery manufacturers face. Its mission is to service the industry with solutions that will enhance the mainstream market viability of electric vehicles and advance the world closer to a future of clean mobility. Natrion has received $3.2 million in funding from investors including Mark Cuban, and is now scaling its technology with support from companies like LG Energy Solution. Kosyakov and Roufflac, both 22,  join an esteemed group of EnterpriseWorks startup founders previously named on Forbes 30 Under 30 lists. They include Ascent Integrated Tech’s Paul Couston, IntelliWheels‘ Scott Daigle, Psyonic‘s Patrick Slade, and Electrolinks‘ Brett Walker. The Forbes 30 Under 30 list, now in its 13th year, recognized 600 people in 20 industries for 2024. To assemble the list, Forbes writers and editors—with the help of expert independent judges —evaluated more than 11,000 candidates on factors including funding, revenue, social impact, inventiveness, and potential. More information is here. 

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EnterpriseWorks Media Mentions News Recognition & Awards Research Park

Hypercell Technologies Wins $1 Million Prize in Grow-NY Competition

Hypercell Technologies, an EnterpriseWorks startup, won the grand prize of $1 million at Grow-NY on November 15, 2023, in Binghamton, New York. Hypercell Technologies provides rapid point-of-care diagnostics for the food chain, ensuring early identification and management of biological contaminants from production to transformation with increased speed and accuracy. The company has developed novel biological solutions to control infectious diseases in production animals that cause major economic losses and present potential threats to human health. Hypercell wants to stop future human pandemics by proactively controlling viruses in animal reservoirs. “We’re excited to scale our business of rapid point-of-care diagnostics to improve the food chain in the Grow-NY region,” said Hypercell’s CEO and co-founder, Bruno Jactel. Grow-NY’s competition is open to international startups that meet the Grow-NY definition of ‘Food and Agricultural Field,’ are early-stage, and have a scalable business model. Seven businesses were selected from twenty finalists, including fellow EnterpriseWorks startup Agriwater, to receive prize awards totaling $3 million in the fifth annual competition. Learn more about the competition and its 2023 winners on the Grow-NY website.

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EnterpriseWorks Startup Natrion Named Ultimate Winner at Urban Tech Challengers 2023

The EnterpriseWorks startup Natrion was named the Ultimate Winner of the Urban Tech Challengers 2023 after CEO Alex Kosyakov presented at the Urban Tech Forward conference in Warsaw, Poland, on October 25 and 26. Urban Tech Forward is known as Europe’s premier event for tech innovators, featuring over 1,000 attendees from all over the world. The conference includes the Urban Tech Challengers pitch competition for entrepreneurs who are developing disruptive products and services for sustainable, resilient, and future-proof cities. Natrion is developing battery technologies that can push the capabilities of EVs by solving the biggest issues that automakers and battery manufacturers face. Their mission is to service the industry with solutions that will enhance the mainstream market viability of electric vehicles and advance the world closer to a future of clean mobility. To learn more about Urban Tech Challengers, visit their tenant page.

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EnterpriseWorks News Research Park

New Podcast Episode: Arpit Dwivedi of Cache Energy Disrupts the Energy Storage Industry

Cache Energy CEO and founder Aprit Dwivedi has been charged up about clean energy long before his days working toward his doctoral degree in Mechanical Engineering at the University of Illinois at Urbana-Champaign. On the most recent episode of ‘The Innovations @ Research Park’ podcast, Dvivedi and podcast host Tanmay Shah discussed the major logistical challenges that the energy industry faces and the unique long-duration storage solution that Cache Energy provides. Dwivedi also shared how Research Park expanded his professional skills and how Gerald Wilson, EnterpriseWork’s Director of Entrepreneurship, aided him in developing the pitch deck for Cache. Notably, Cache Energy recently had an over-subscribed seed funding round, ultimately raising $4.5 million. The Innovations @ Research Park podcast highlights the thriving entrepreneurial and corporate innovation culture in Champaign. It is hosted by University of Illinois Urbana-Champaign alumnus Tanmay Shah. Subscribe to The Innovations @ Research Park to catch up on the latest innovations and news on Apple Podcasts, Spotify, or your preferred podcast network. Is there something you want to know about Research Park? Do you have an idea for a guest for the show, or a story we should pursue? Do you want to provide other feedback? Contact Laura Bleill (lwbleill@illinois.edu).

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EnterpriseWorks News Research Park

AI Nexus to Participate as Mayo Clinic Platform _Accelerate Fourth Cohort

EnterpriseWorks tenant AI Nexus was selected to join Mayo Clinic Platform _Accelerate fourth cohort of nine groundbreaking health tech startups. “We are thrilled to welcome the new cohort of Mayo Clinic Platform_Accelerate… These companies are at the forefront of healthcare innovation, and we are excited to work with them to accelerate their groundbreaking solutions. Together, we can make a real difference in the lives of patients around the world.” – Jamie Sundsbak, Partner Relationship Manager with Mayo Clinic Platform Over the next 20 weeks AI Nexus will redefine AI-driven solutions for improved, faster patient care. The platform boats a robust data network and provides the startup access to Mayo Clinic’s expertise and resources, offering AI Nexus the chance to accelerate its capabilities. The company’s first solution, miaVitals. combines machine learning and cognitive AI to empower individuals to take control of their health by using their smartphones. The platform is designed to detect early warning signs for a range of life-threatening conditions such as respiratory disorders, stroke, cardiac arrhythmia and screen for early complications during pregnancy. About AI Nexus AI Nexus is on a mission to democratize healthcare, making it more accessible to people regardless of economic status, geographic location, gender or race. Read more about AI Nexus in their Research Park tenant directory. VIEW ALL NEWS BACK TO TOP

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VedaBio to Revolutionize Molecular Detection after Tenure as LabSimply at EnterpriseWorks

VedaBio, a biotechnology company leading a paradigm-shift in molecular detection, launched on October 17, 2023, with initial funding of over $40 million. This company has roots at the University of Illinois-Urbana Champaign and Research Park: VedaBio was formerly known as LabSimply and operated out of EnterpriseWorks from 2021 to 2022. CEO and Co-Founder Anrup Ganguli, PhD, developed multiple research platforms during his time at university in the lab of Professor Rashid Bashir, PhD, Professor of Bioengineering and current Dean of the Grainger College of Engineering. VedaBio is revolutionizing molecular biology with its breakthrough platform for near-instant molecular detection of multiplexed analytes, delivering best-in-class accuracy without the need for target amplification. Their CRISPR Cascade™ platform is poised to emerge as a new gold standard tool to empower decision-making across multiple industries. In the official press release, Ganguli explains that the CRISPR Cascade reaction provides “a platform that delivers near-instant molecular detection of highly multiplexed analytes with best-in-class accuracy, all without the need for target amplification.” He has high hopes for VedaBio, believing “it is poised to emerge as a future gold standard for molecular detection, empowering major advances across multiple applications including research and industrial tools, diagnostics and therapeutics.”  To learn more about VedaBio, read the official press release on the VedaBio website.

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Boston Bioprocess Helping Nourish Ingredients Make a More Realistic Meat Substitute

Have you ever bitten into a meat substitute product and find yourself longing for the real deal? The aroma, the flavor, the texture, and the taste of… meat? You’re not alone. EnterpriseWork’s very own Boston Bioprocess is teaming up with Nourish Ingredients to create just that– utilizing wild fungi and yeast strains to trick even the biggest meat lovers into thinking they are consuming a meat product. The secret ingredient? To effectively scale and replicate the most potent fat molecules, the ones responsible for making that irresistible, animalistic aroma that makes your mouth water. In a Food Navigator USA article, it was explained that Boston Bioprocess is not only assisting Nourish Ingredients in developing a more realistic-tasting product but ensuring that the product will meet regulatory requirements as well. The partnership between Boston Bioprocess and Nourish Ingredients is coming after a significant drop in the plant-based protein market. Nourish Ingredients CEO James Petrie hopes to change the downward market trajectory. “In one way [it’s] been healthy for [the industry] in the sense that… there’s a bit of pressure on the plant-based industry at the moment and it’s forcing us to take a collective look at the quality of products,” said Petrie. Boston Bioprocess works to provide their clients with the equipment and expertise they need to improve yield, decrease costs, and access product for commercial testing. Visit their tenant directory to learn more about the company. Read the full Food Navigator feature.

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EnterpriseWorks Media Mentions News Recognition & Awards Research Park

University of Illinois Ranked 15th in Top 100 Global Universities Ranked by Startup Founders

The University of Illinois was ranked 15th in PitchBook’s annual university rankings list for alumni startup founders who have raised venture capital in the last decade. This list profiles global universities who have “truly exceptional track record of attracting and producing future entrepreneurs.” The rankings are determined based on PitchBook data analyzing more than 150,000 venture capital-backed founders. Additional ratings for the University of Illinois include: #3 in capital raised among U.S. public institutions #5 in graduate alumni founders among  U.S. public institutions #5 in undergraduate alumni founders among U.S. public institutions #7 in female alumni founders among U.S. public institutions UIUC alumni-founded companies have raised $20.8B through companies including Generate, GRAIL, Farmers Business Network, Heyday, and Plus. For more information and the complete list, visit the PitchBook website.

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Research Park Seeks Support from Champaign City Council for Growth-Stage Wet Lab Project

LabWorks, which will offer turn-key wet lab and office suites for growth-stage startup companies in Research Park, will be available for occupancy in January. News Channel 20 recently featured the project as the City of Champaign deliberates providing additional funding.  Executive Director Laura Appenzeller told News Channel 20/ FOX Illinois that the EnterpriseWorks building at Research Park helps startups launch, but they need more space and resources to scale.“The right facilities to allow them to grow and life science companies in particular need wet laboratory space,” Appenzeller said. LabWorks will enable startups to establish roots and continue to grow in the Champaign-Urbana community, creating jobs and inspiring innovation. The Champaign City Council conducted a study session on the project in early September. It will be reviewed again in October for a final vote.   The project has financial backing from both private and public sectors. In 2021, Research Park received a grant from the State of Illinois that propelled the project forward. It was then estimated to cost $1.1 million dollars, but the construction expenses rose to $1.3 Million due to inflation. Research Park is asking the city to provide $100,000 of the $200,000 difference. To learn more, read the full article on the News Channel 20 website.

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