Events

EnterpriseWorks, Events, Investments, News, Research Park

Finalists announced for Startup World Cup: Agriculture and Food Regional

CHAMPAIGN, Ill. (February 26, 2025) – Today the University of Illinois Research Park, in partnership with Serra Ventures, gener8tor, and Pegasus Tech Ventures, announced the 10 startups selected as finalists in the inaugural Startup World Cup: Agriculture and Food Regional pitch competition. The Startup World Cup: Agriculture and Food Regional will take place as part of the 10th Annual AgTech Summit on March 6 in Champaign. The startups will present their business ideas and models to a judging panel of investors. The winner will move on to the Startup World Cup Finale in October, where it will have an opportunity to compete with other regional winners for a $1 million investment. This is the first time the Startup World Cup has included a regional round focused on agriculture and food technology. The following startups have been selected to compete at the Startup World Cup Agriculture and Food Regional: AGTECHLOGIC INC. — Developed Agtellio, an AI solution helping farms reduce chemical use by up to 90%, lowering costs and improving yields while providing actionable insights for asset efficiency. Cattle Care — Uses computer vision with existing security cameras to measure employee efficiency on dairy farms, enabling performance-based compensation and improving workforce productivity. EarthSense, Inc. — Creates AI-powered farming robots targeting labor shortages and rising costs, initially serving oil palm companies in Asia that manage over 10 million hectares. Re-Nuble — Converts vegetative food byproducts into biological fertilizers and peat replacements, helping commercial farms reduce costs and mitigate pathogen risks through lab-tested products. Vivid Machines — Offers tractor-mountable AI cameras providing real-time, per-plant fruit predictions, enabling precise tree-level decisions to increase fruit size and reduce labor costs. Earnest Agriculture — Produces Prairie Power, a probiotic seed coating that improves soil health, delivering a proven 6 percent yield increase for row crop farmers with measurable ROI. Oaken — Building asset management software to streamline farmland management and financing, automating payments, lease management, and relationship tracking. Good Agriculture — Provides AI-powered farm business management that automates back-office tasks, saving farmers 5-10 hours weekly while improving profitability. Integrated Dynamics, Inc. — Developing high-selectivity waste-to-value technology using synthetic biology and high-temperature microbes to convert organic waste into commodity chemicals. UfarmX — Africa’s largest farmer data and procurement platform connecting smallholder farmers to agribusinesses and financial institutions, eliminating middlemen and enhancing supply chain efficiency.   About the AgTech Summit The AgTech Innovation Summit brings together leaders in industry, entrepreneurs, investors, and academics to address pressing agricultural challenges and explore emerging solutions. Hosted by the University of Illinois Research Park, 2025 marks the 10th  edition of this annual event. AgTech is the fastest growing industry cluster in the Research Park, which has 120 companies across 19 buildings on the University of Illinois Urbana-Champaign campus. To learn more about the AgTech Summit, visit the Research Park website. About the Startup World Cup The Startup World Cup is a global series of startup competitions and conferences powered by Pegasus Tech Ventures. With over 100 regional events across 60+ countries, the competition culminates in a Grand Finale in Silicon Valley on October 17, 2025, where the top startups from each region will compete for a $1 million investment prize. For a complete list of regional events, visit: Startup World Cup. About Pegasus Tech Ventures Pegasus Tech Ventures is a leading global venture capital firm based in Silicon Valley, with over $2 billion in assets under management. Pegasus supports emerging technology companies worldwide by providing both intellectual and financial capital. They also offer a unique Venture Capital-as-a-Service (VCaaS) model for large corporations looking to partner with cutting-edge startups. Learn more at Pegasus Tech Ventures.

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Events, Research Park

AgTech Innovation Summit celebrates 10th annual event

CHAMPAIGN, Ill. (February 26, 2025) – The 10th Annual AgTech Innovation Summit will take place at the University of Illinois Research Park on Thursday, March 6 at the Illinois Conference Center. The AgTech Summit explores how technology solutions are addressing some of the most significant challenges facing agriculture today, at one of the nation’s premier agtech hubs. This event brings together entrepreneurs, corporate innovators, investors, growers/producers, academics, and more for keynote speakers, panels, award presentations, networking, and more that advance the agtech sector. “Agtech is a very broad sector, one that continues to change and scale in its size and scope,” said Laura Appenzeller, Executive Director, Research Park. “The AgTech Summit is emblematic of that continuous evolution over the past decade. Once a regional event, it now attracts a global audience which recognizes Champaign as an agtech destination.” For the first time, the AgTech Summit will feature a startup pitch competition. The Startup World Cup Agriculture and Food Regional will feature 10 startup finalists who will showcase their ideas in front of a judging panel of investors. The winner will receive travel expenses to compete for a $1 million investment at the Startup World Cup Grand Finale in October. The event will feature fireside chats with Allyson Fish, President, Chief Commercial Officer, Precision Fermentation at ADM; Kristin Richards, Director of Illinois Department of Commerce and Economic Opportunity; and Chris Harbourt and Ken Paige, co-founders of Research Park startup Frenzy Ag. Panel topics include the Circular Bioeconomy: Bioprocessing in all its Applications; the Intersection of AgTech and FinTech; and Pushing the Frontiers of Computing to Solve Grand Challenges in Agriculture. A full agenda can be found online here. The AgTech Summit is hosted by the University of Illinois Research Park and is sponsored by John Deere, AGCO, Frenzy Ag, Illinois College of ACES, Buhler Group, Cooley, GDM, the Illinois/Champaign County Farm Bureau, Intersect Illinois, Pixo, the University of Illinois Foundation, NSF I-Corps Hub: Great Lakes Region, and Serra Ventures. For more information about the AgTech Summit and press opportunities, contact Laura Bleill.

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EnterpriseWorks, Events, Investments, News, Research Park

Calling AgTech Startups: Apply Now to Pitch at Champaign’s Agriculture and Food Startup World Cup Regional

CHAMPAIGN, Ill. – A regional qualifier for the global finale of the Startup World Cup will take place as part of the 10th Annual AgTech Innovation Summit on March 6 in Champaign. The pitch competition will give 10 entrepreneurs the opportunity to showcase their ideas at the AgTech Summit, one of the region’s largest and most recognized agtech conferences. The winner will receive travel expenses to compete for a chance to win a $1 million investment at the Startup World Cup competition in October. The application platform will be open until Wednesday, Feb. 5. Startups selected to participate in the regional event will be notified no later than Feb. 12. The Champaign Agriculture and Food Regional is a partnership between Serra Ventures, Gener8tor, the University of Illinois Research Park, Pegasus Tech Ventures and Startup World Cup. Click here to Apply!   About the AgTech Summit The AgTech Innovation Summit brings together leaders in agriculture technology, entrepreneurship, investment, and academia to address pressing agricultural challenges and explore emerging solutions. This interactive conference, occurring March 6, 2025, features dynamic panel discussions, keynote presentations, and valuable networking opportunities. Participants will gain insights into current agricultural technology trends while exploring future innovations that will shape the sector. To register for the 10th Annual AgTech Innovation Summit visit the Research Park website. About the Startup World Cup The Startup World Cup is a global series of startup competitions and conferences, powered by Pegasus Tech Ventures. With over 100 regional events across 60+ countries, the competition culminates in a Grand Finale in Silicon Valley on October 17, 2025, where the top startups from each region will compete for a $1 million investment prize. For a complete list of regional events, visit: Startup World Cup. About Pegasus Tech Ventures Pegasus Tech Ventures is a leading global venture capital firm based in Silicon Valley, with over $2 billion in assets under management. Pegasus supports emerging technology companies worldwide by providing both intellectual and financial capital. They also offer a unique Venture Capital-as-a-Service (VCaaS) model for large corporations looking to partner with cutting-edge startups. Learn more at Pegasus Tech Ventures.

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Events, Research Park

Registration Open for the 10th Annual AgTech Innovation Summit

CHAMPAIGN —  Registration is now open for the 10th Annual AgTech Innovation Summit, taking place Thursday, March 6, 2025. The event will highlight how agtech intersects with other industry sectors of strategic importance to our state and region: biomanufacturing, fintech, renewable energy, and the longer term promise of quantum computing. NEW this year — we will welcome agtech startups for a pitch competition — stay tuned as we roll out more information. The summit is part of Champaign-Urbana AgTech Week, which celebrates Champaign-Urbana’s robust AgTech ecosystem, including the University of Illinois Urbana-Champaign, Parkland College, corporate innovation centers, startups, state-of-the-art facilities, student organizations, local ag companies, and the iFAB Tech Hub. Additional AgTech Week events include, the Center for Digital Agriculture Conference, Precision Fermentation Workshops at the Integrated Bioprocessing Research Laboratory, and more. Participants in the 10th Annual AgTech Summit will have the opportunity to engage in dynamic panels, keynote presentations, and networking sessions focused on agtech’s current landscape and future developments. True to our land grant mission, this event is free thanks to our generous sponsors. Nominations are also open for the Glen “GB” Brandt Prize, to be awarded at the summit. This $10,000 cash prize honors GB Brandt’s legacy by recognizing individuals who demonstrate entrepreneurial spirit and advance innovation in business practices, crop-growing processes, or product usage. A more detailed agenda for the event will be coming soon. Registration is available online here. 

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Events, Research Park

CABBI Celebrates Grand Opening of State-of-the-Art Greenhouse at Research Park

CHAMPAIGN — On Friday, November 15, 2024, CABBI leadership and University of Illinois Urbana-Champaign officials gathered to celebrate the opening of the Plant Biology Innovation Greenhouse at 1902 S Fourth St. in the Research Park. The $252.5 million, U.S. Department of Energy-funded, facility marks a major milestone for the Center for Advanced Bioenergy and Bioproducts Innovation (CABBI) mission to drive scientific discoveries and technologies that support an economically viable and sustainable domestic biofuel and bioproduct industry. “This state-of-the-art facility is a testament to our commitment at this university to advancing research and innovation that addresses grand challenges in our world, sustainable energy solutions being among those,” said John Coleman, Provost and Executive Chancellor for Academic Affairs at U. of. I “This greenhouse will provide researchers with the advanced tools and intellectual environment they need to continue to make valuable advances in their work.” The newly completed greenhouse incorporates energy-efficient design and cutting-edge technology, fostering interdisciplinary collaboration. It includes a solar panel array, a plant phenotyping facility, walk-in growth rooms, and space for future expansion. “We’re really excited about having this stable isotope facility because it allows us to deeply investigate the interactions between plants, microbes, and soil,” said Wendy Yang, Professor of Plant Biology and Geology and CABBI’s Sustainability Theme Leader. The greenhouse will serve as a research hub for faculty and students from the College of Agricultural, Consumer and Environmental Sciences, the Grainger College of Engineering and the College of Liberal Arts and Sciences. It will also provide undergraduate experiential learning opportunities through CABBI’s Research Internship in Sustainable Bioenergy, RISE. Since its groundbreaking in September 2023, the CABBI greenhouse has been heralded as a game-changer for sustainable bioenergy research in Illinois and beyond. The innovative structure exemplifies the university’s commitment to tackling global challenges through interdisciplinary collaboration and cutting-edge facilities. The event featured remarks by Provost and Executive Vice Chancellor for Academic Affairs John Coleman, Vice Chancellor for Research and Innovation Susan Martinis, and Research Park Executive Director Laura Appenzeller, along with a ribbon-cutting ceremony to mark the facility’s official opening.

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EnterpriseWorks, Events, Research Park

Cache Energy expands with new manufacturing hub in Champaign

EnterpriseWorks startup Cache Energy has expanded its operations into a 10,000-square-foot warehouse at 301 E. Mercury Drive in north Champaign. The new facility will serve as a dedicated manufacturing warehouse, where Cache will build its limestone-based long-term energy storage from scratch, including mechanical and electrical components. Currently, the company can produce one ton of energy storage material per hour, and it plans to expand further in the coming months. “The whole purpose of getting this warehouse was expanding our manufacturing and making Champaign-Urbana the hub in the Midwest region where we manufacture and ship around our products,”Arpit Dwivedi, founder and CEO, said. With this expansion, Dwivedi anticipates creating 20 to 25 new jobs in the Champaign-Urbana area. Cache Energy develops safe-to-install and transportable long-duration energy storage solutions utilizing technology inspired by thermal power plants, allowing an easier transition to clean energy. Its scalable, cost-effective storage can support the shift to renewable energy by storing grid electricity and capturing biogas energy from wastewater treatment plants and landfills, which would otherwise go to waste.

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Community, EnterpriseWorks, Events, Graduates, Recognition & Awards, Research Park

Inaugural Founders Week at Research Park Celebrates Illinois Entrepreneurship 

The inaugural Founders Week, held Oct. 17-19 at Research Park, was an inspiring celebration of innovation at the University of Illinois Urbana-Champaign. “Entrepreneurship is a team sport,” said EnterpriseWorks Director of Entrepreneurship Gerald Wilson. “Founders Week is a recognition that we are all co-founders of the future of Illini Entrepreneurship.” Wilson was a key proponent in organizing the event, working closely with the Office of the Vice Chancellor for Research and Innovation, Illinois Ventures, the Technology Entrepreneur Center, and more partners across campus. Founders Week highlighted the university’s role in fostering groundbreaking ventures, which consistently ranks in the top five nationally for number of companies founded, founders, and capital raised. The event brought together founders, Illini Angels, active investors, ecosystem leaders, faculty, and students interested in entrepreneurship. View the event booklet for more event highlights and relevant resources Thursday, October 17 The Founders Week celebration kicked off with a Summit on Capitalizing New Ventures on Thursday, Oct. 17. Speakers led discussions on capital formation, attraction, and allocation to fund companies. The Summit was followed by a Founders Sandbox at, including a pitch workshop. Simultaneously, a campus tour took attendees through spaces on campus that are inventing the future, including the Institute of Genomic Biology, the Integrated Bioprocessing Research Lab, and EnterpriseWorks. That evening, the first “live” TechRise pitch competition in central Illinois invited historically underrepresented founders to compete for a $25,000 cash prize. Finalists included. Finalist: Oscar Azofeifa, PowerBox Technology, CEO Finalist: Aryan Indarapu, AVEA Robotics, CEO Finalist: Shrikar Lekkala, MetaFrazo, CEO & Founder Finalist: Ohm Vyas, ShotHawk, Co-Founder Winner: Tessabella Magliochetti, AmnioAlert, President & Co-Founder Thursday’s events concluded with EnterpriseWorks’ 20th Anniversary Homecoming Dinner. Friday, October 18 On Friday morning, Illini Angels held its meeting to foster community for experienced entrepreneurs and investors who invest in and mentor Illini founders. If you are interested in learning more about or joining this group, contact Paul Magelli. Later that morning, the Founders Technology Showcase began. This all-day event included panels, fireside chats, and more highlighting the hottest technologies being spun out of university research labs. Following the Founders Technology Showcase, a networking reception and startup expo allowed participants to meet more companies and turn Illini pride into a connected community Saturday, October 19 The final day of Founders Week included an Illinois Football Tailgate at EnterpriseWorks preceding the Illinois football game against Michigan at 2:30 p.m. Find more event photography in the Founders Week media gallery.

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Events, Recognition & Awards, Research Park

Caterpillar Celebrates 25 Years of Innovation at the University of Illinois Urbana-Champaign

Champaign, Illinois (Sept. 3, 2024) – Caterpillar Inc. today marked a significant milestone at the University of Illinois Research Park – 25 years of the Champaign Innovation Center. Caterpillar first opened an office at the Urbana-Champaign campus in 1999 to work with Caterpillar product groups, the National Center for Supercomputing Applications (NCSA) and University departments. Since that time, the Champaign Innovation Center has developed into a leading engineering hub for virtual product development, advanced simulation, data analytics and design solutions, while simultaneously contributing to Caterpillar’s recruiting efforts and talent pipeline building. “We are proud of our long-standing relationship with the University of Illinois Urbana-Champaign and the Research Park,” said Otto Breitschwerdt, Caterpillar Chief Technology Officer and Senior Vice President. “The Champaign Innovation Center is a place where academia and industry meet, and these diverse perspectives result in the development of new and exciting technologies.” Caterpillar has engaged students across campus to tackle the company’s core innovation challenges, providing experiential learning opportunities through an apprenticeship approach. Students learn and grow alongside full-time Caterpillar professionals in Champaign and on site at other company locations. The model has provided a blueprint replicated by many other corporate innovation centers at Research Park. “This milestone anniversary signifies the deeply intentional and impactful relationship between Caterpillar and the University of Illinois Urbana-Champaign, truly one of our cornerstone industry partners,” said Susan Martinis, Vice Chancellor of Research and Innovation at University of Illinois Urbana-Champaign. “As we look ahead to the future of innovation, we are confident that, together, we can provide opportunities for the next generation of talent and technology.”The company marked the anniversary with a celebration at its Research Park offices, bringing back past interns and company alumni. About Caterpillar Inc. With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html. About the Research Park at the University of Illinois The Research Park at the University of Illinois Urbana-Champaign is a technology hub that cultivates startups and advances corporate innovation. Within the Research Park there are 120 companies employing both students and full-time technology professionals. More information at researchpark.illinois.edu.

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Community, Events, Research Park

Research Park Softball League: Caterpillar wins championship in dramatic finish

The Research Park Softball League concluded with a memorable championship game on Monday, July 29. After a season of spirited competition and camaraderie among the 149 participants, the Champaign Caterpillar Innovation Center team emerged victorious in the tournament-style bracket, featuring six teams. This year’s final match was nothing short of spectacular. In a remarkable display of perseverance, the Caterpillar team was down 9-2 in the second inning. However, they staged a comeback, ending with a walk-off three-run homer from Alex Brockcamp. Brockcamp’s game-winning hit secured their victory and provided them with a full-season winning streak, having not lost a single game throughout the season. The final score reflected their hard-fought effort and earned them the championship title, making this win especially notable just before their 25th-anniversary celebration. The league’s growth and success in fostering a strong sense of community among participants from various companies were evident throughout the season. All teams’ dedication and hard work were commendable; each team displayed exceptional skill, sportsmanship, and determination, making every game an exciting contest. “The Research Park softball league is an excellent opportunity to build camaraderie between full-time and student employees alike,” said John Deere Technology Innovation Center‘s James Kabbes, the 2024 softball league commissioner. “I love seeing employees learn the rules for the first time, practice with their teammates, and compete in friendly games against other companies in the park.” Special thank you to all the companies who participated in the Softball League:

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Community, Events, Internships, Recognition & Awards

Research Park Honors Innovative Interns at 18th Annual Awards Ceremony

The 18th Annual Research Park Intern Awards Ceremony, which celebrates the contributions of exceptional student interns at Research Park corporate innovation centers and startups, took place on July 25, aptly coinciding with National Intern Day. The awards ceremony brings together interns representing diverse skill sets and industry sectors, as well as their managers and colleagues. It reflects the overall depth and breadth of excellence of intern work that occurs daily at Research Park. Awards were given in the following categories: Among the notable projects showcased was an intern who developed a prototype web software for Life Cycle Assessment calculations without prior experience in software development, improving company processes by approximately 90%. Another standout project involved a group of interns who developed an interactive, immersive boating simulator using a blend of computer graphic software development, UI/UX design, data integration, and hardware development. Shivani Birwadkar, who won the Best Technical Innovation award, expressed her gratitude for the recognition and reflected on how the opportunity to work on cutting-edge projects has significantly impacted her professional growth. “I am deeply honored to have been recognized with the Best Technical Innovation. My internship at ADM has been an incredible journey of learning and growth. From the groundbreaking projects that push the boundaries of innovation to the supportive and inspiring team that constantly motivates each other, this experience has truly been one of the most rewarding of my career,” said Birwadkar, a Work Process Automation Intern at ADM Science and Technology Center. The ceremony and nominations highlighted the incredible talent within the Research Park community and underscored the vital role that internships play in fostering the next generation of industry leaders. “Winning an award is a testament to the exceptional skills and dedication of our interns,” said Laura Bleill, director of external engagement at the Research Park. “It’s not just about individual accomplishments but also about how these young professionals are shaping the future through their innovative projects and collaborative spirit.” Just being nominated for these awards is an accomplishment, said Bryan Goode, the Research Park talent manager. The judging process is intense. “Managers nominate individual interns or entire teams, and each nomination comes with a detailed essay highlighting their skills and achievements,” Goode said. “These essays are then reviewed by a diverse panel of judges who bring different expertise to the table. They look at everything from technical skills to soft skills to ensure each nomination receives a fair and thorough evaluation.” Best Startup Intern  Zoey Zhang — Boston Bioprocess — Bioprocess Development Intern Masters in Bioprocessing and Bioenergy | Illinois Professional Science Master’s “She has been an integral part of our pilot plant team, leveraging her graduateeducation and prior experience to execute fermentation projects. She quickly adapted to our fast-paced culture, showing immense grit and dedication. Zoey demonstrated exceptional leadership by volunteering for late hours and weekends to meet deadlines. Her proactive approach allowed us to delegate tasks such as sampling, reactor setup, and data analysis, significantly boosting our team’s efficiency. Zoey optimized shake flask volumes and benchmarked fermenters’ oxygen transfer rates, providing valuable insights. Her proactive approach to personal and professional growth, combined with her dedication, resilience, and willingness to go above and beyond, makes her highly deserving of this award.” Finalists: Thanushree Ambati — Helixon — Bio-Tech Research Intern Luigi Passerotti — Hinetics — Mechanical Engineering Intern Best Technical Innovation Shivani Birwadkar: — ADM Science and Technology Center — Work Process Automation Intern Masters in Information Management | School of Information Sciences “Shivani is an exceptional intern who demonstrated remarkable innovation by independently developing a web application for Life Cycle Assessment calculations using Python and JavaScript from scratch. Despite having no prior experience, her work improved process efficiency and reduced project execution time by approximately 90 percent, significantly streamlining operations. Shivani’s proactive approach and strong relationship-building earned the team’s trust, adding considerable value and enabling more simultaneous projects without compromising quality.” Finalists: Shubham More — Synchrony Emerging Technology Center — Emerging Technology Center Intern Caleb Larson — AGCO Acceleration Center — Engineering Intern Best Business Innovation Yijin Wang — Synchrony Emerging Technology Center — Emerging Technology Center Intern Master’s Concentration in Analytics-Statistics | College of Liberal Arts & Sciences “Yijin truly exemplifies what it means to be a team player, shifting her focus based on the team’s needs and leveraging her technical, analytical acumen across multiple projects. She developed a measurement framework for assessing the incremental dollar impact of our paid media acquisition campaigns and supported clients with campaign reporting using Adobe and SAS. Tracy also led reporting for personalization stakeholders, quickly learning tools like Dynamic Yield. Despite resource constraints, Yijin ensured our team met all deliverables. Her framework addressed enterprise-level gaps in measuring campaign efficacy, advancing our enterprise initiative.” Finalists: Khushboo Choudhary — Synchrony Emerging Technology Center — Emerging Technology Center Intern Gabrielle Wilki — State Farm — RDC Intern Most Outstanding Undergraduate Student Intern Mayank Dubey — Rivian — Electrical Hardware Development Intern Mechanical Engineering | Grainger College of Engineering “Mayank’s summer project at Rivian was a masterstroke in accelerating mechanical design and development. He developed an innovative framework to automate PCB design exploration, previously a manual task, using self-learning Python scripts—this breakthrough streamlined the process, catalyzing rapid innovation. His scripts empower engineers to perform complex finite element analysis (FEA) models, significantly boosting efficiency and minimizing errors. Despite lacking direct automotive experience, Mayank quickly absorbed new information and applied it effectively, consistently delivering noteworthy results with minimal guidance. His resilience, adaptability, and commitment to advancing despite challenges underscore his exceptional work ethic and dedication.” Finalists: Steve Xing — Brunswick Boating Intelligence Design Lab — Machine Learning Intern Anshi Mathur — Bayer Crop Science — Data Science Co-Op Most Outstanding Graduate Student Intern Peeya Thacker — COUNTRY Financial DigitaLab  — Project Manager/Data Science Intern Master’s in Information Management | School of Information Sciences “Peeya Thacker has exemplified outstanding leadership and organizational skills as the Project Manager for the Exploring CRMs Customer Data Platform project at the Country Financial DigitaLab. This project aims

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