Graduates

EnterpriseWorks, Graduates, Recognition & Awards

EnterpriseWorks Graduate Ascent Integrated Tech Wins at the 23rd Annual Chicago Innovation Awards

EnterpriseWorks graduate Ascent Integrated Tech was named one of the winners of the 23rd Annual Chicago Innovation Awards, a celebration of the most innovative products and services in the Chicago region. The Chicago Innovation Awards recognize winners across all industries, including startups, corporations, not-for-profit, and more to demonstrate the breadth of innovation thriving in Illinois. Winners were celebrated on Thursday, November 14, 2024, during a ceremony held at the University of Illinois: Chicago Forum. As a winner, Ascent Integrated Tech will be celebrated on a global stage next summer when they ring the Nasdaq Bell in New York City.  The top 100 finalists will also be awarded a scholarship to “The Practical Innovator” at Northwestern’s Kellogg School of Management, an executive education course with a $2,500 value. Ascent Integrated Tech was founded at EnterpriseWorks in the Research Park by Paul Couston and Alex Gorsuch. Couston and Gorsuch designed a software program for first responders, including firefighters, special forces, and SWAT teams. The platform optimizes 3D tracking technology, placed inside helmets and bracelets, to provide commanders with critical information, such as their team’s location. These tracking sensors provide details about the team members’ health and environment, such as CO2 levels, humidity, and airborne metal oxide. Read a full news story about this on Ascent’s website, or view the full list of winners on the Chicago Innovation Awards website.

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EnterpriseWorks, Graduates, Media Mentions, Recognition & Awards, Research Park

EnterpiseWorks Graduate Prenosis Earns Spot on TIME’s Best Inventions List

Prenosis, EnterpriseWorks startup graduate, has earned a place on TIME’s Best Inventions of the Year list for its innovative Sepsis ImmunoScore. Sepsis ImmunoScore is an AI diagnostic tool transforming sepsis care—a critical need in U.S. hospitals, where nearly 1.7 million patients are affected annually. The system analyzes 22 health metrics, including vital signs and blood measurements, to provide a rapid sepsis risk score, helping doctors diagnose and predict severe cases within 24 hours. “The Sepsis ImmunoScore is setting a new standard of proactive sepsis care—where faster and more accurate prediction and diagnosis is essential to saving lives,” CEO and co-founder Bobby Reddy Jr. said in a press release. “We are honored to be recognized by TIME for the potential of our work to improve patient outcomes and to bring precision medicine to acute care.” Reddy was also recently honored as one of Crain’s Chicago Business 40 Under 40, a recognition given to executives, founders, creators, and strategists driving change and innovation in the Chicago area. Prenosis was an EnterpriseWorks tenant from 2017 to 2018. Founder Rashid Bashir, Dean of Grainger College of Engineering and Research Park Board of Managers member, developed these technologies with his research group in the Micro and Nanotechnology Laboratory, along with Bobby Reddy Jr. While at the Research Park, the Prenosis team earned a second-place prize in the 14th Annual Dale V. Cozad New Venture Competition. For more information, visit the Prenosis website

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EnterpriseWorks, Graduates, Partnerships & Acquisitions

EnterpriseWorks Graduate Network Perception Acquired by Dragos

EnterpriseWorks startup Cache Energy has expanded its operations into a warehouse at 301 E. Mercury Drive in north Champaign. The new addition will act as a manufacturing warehouse where Cache will build its long-term energy storage from scratch, including assembling mechanical and electrical components of its limestone-based energy storage. Currently, the company can produce one Ton an hour. Cache also plans to expand to more locations, including potential manufacturing facilities beyond Illinois, although focusing on Champaign-Urbana as its central hub. “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,” said Arpit Dwivedi, founder and CEO of Cache Energy. With the expansion, Dwivedi anticipates creating 20 to 25 new jobs in Champaign, seeking passionate individuals willing to contribute to a project with global impact.

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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 Biology 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: 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 <href=”https://researchpark.illinois.edu/image-gallery/founders-week-2024/”>this media gallery.

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EnterpriseWorks, Graduates, Partnerships & Acquisitions

EnterpriseWorks Graduate Network Perception Acquired by Dragos

EnterpriseWorks startup graduate Network Perception was acquired by Dragos Inc., the global leader in cybersecurity for operational technology (OT) environments, the companies announced on October 1, 2024. “The acquisition of Network Perception represents a significant milestone toward our shared mission to secure the world’s industrial and critical infrastructure,” said Robert M. Lee, CEO and Co-Founder of Dragos. “Network Perception’s compliance capabilities expand Dragos’s already strong foundation for helping organizations meet regulations.” Network Perception was founded in 2014 by Robin Berthier, then a postdoc at the University of Illinois. The cybersecurity software company delivers a pioneering solution that enables cybersecurity managers to gain a comprehensive view of their network security and determine if its configuration aligns with regulatory standards.  Network Perception is the maker of NP-View, an award-winning network visualization platform for OT networks. “Joining forces with Dragos allows us to combine our strengths and deliver even greater value to the OT community,” said Berthier, Network Perception’s CEO. “We are excited to combine our teams, which include some of the brightest minds in industrial cybersecurity, to accelerate innovation and help customers defend against threats and meet regulatory requirements today and tomorrow.” While both companies have a strong presence in the North American Electric sector, the acquisition allows Dragos to bring Network Perception’s capabilities to Dragos customers in oil & gas, manufacturing, and other industries globally, the company said in the news release. Learn more about this milestone on the Dragos website.

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Community, EnterpriseWorks, Features, Graduates, Media Mentions

Cast21 Founder Ashley Moy Featured by New York Stock Exchange

EnterpriseWorks startup graduate Cast21 was recently featured in a video by the New York Stock Exchange (NYSE). Host Judy Khan Shaw sat down with co-founder and CEO Ashley Moy on NYSE’s Floor Talk. Moy shared what inspired her to start Cast21 and discussed the technology behind Cast21’s innovative products. Cast21 is introducing a medical cast for treating broken bones to increase patient comfort and decrease medical complications. This product is completely waterproof, giving patients the freedom to shower, and its open design enables doctors to see the break site and dress accompanying wounds. Taking advantage of the company’s patent-pending technology, physicians can benefit from the adaptable-fit device they can grab off the shelf. University of Illinois alumna Ashley Moy co-founded Cast21 in 2016 to change the utilization of technology in healthcare biologics. Watch the full video on LinkedIn.

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EnterpriseWorks, Graduates, Recognition & Awards

Startup Graduate Ascent recognized as a finalist in the 2024 Momentum Awards 

EnterpriseWorks startup graduate Ascent Integrated Tech is a finalist in the Industry Disruptor category of 1871‘s 2024 Momentum Awards. This Industry Disrupter Award is presented to a tech company that has developed or introduced an ingenious, non-traditional, and innovative product or service that has significantly disrupted its industry. After being nominated, companies must go through rounds of judging and voting before winners are nominated at the award show on September 19, 2024. Ascent Integrated Tech was founded at Research Park by Paul Couston and Alex Gorsuch, where they created a software program for first responders, including firefighters, special forces, and SWAT teams. The platform optimizes 3D tracking technology, placed inside helmets and bracelets, to provide commanders with critical information, such as their team’s location. These tracking sensors provide details about the team members’ health and environment, such as CO2 levels, humidity, and airborne metal oxide. For the last 17 years, The Momentum Awards have been the largest tech awards celebration in Chicago, recognizing the amazing companies that are building their businesses in Illinois, providing unique and unparalleled opportunities to meet founders, investors and leaders across the industry, and fundraising to help continue to support 1871’s mission of inspiring, equipping and supporting those in the community. Learn more and vote now on the 1871 website.

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

EarthSense awarded patent for the use of AI-ML-based smart applications

Research Park agtech startup EarthSense was awarded a patent from the United States Trade and Patent Office (USTPO) for the use of AI-ML-based smart application of treatments in plantations, orchards, vineyards, and other permanent cropping systems. This patent builds on EarthSense’s other patented innovations in robust autonomous navigation, multi-robot deployments, machine vision in challenging agricultural environments, and more. EarthSense is creating dramatic new possibilities for crop breeders, plant protection product developers, crop scientists, and field agronomists. The company joined EnterpriseWorks in 2016, where it operated until opening an office in the Atkins Building in 2021. EarthSense’s robots can work tirelessly and precisely around the clock in challenging environments. With edge-optimized AI, they will be deployed anywhere in the world without expensive communication infrastructure. This AI-enabled precise and intelligent application of fertilizers and chemicals will drive yield improvements and reduce environmental harm, leading to significant financial savings. For more information, visit the EarthSense website or connect with the company on LinkedIn.

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National Academy of Sciences
EnterpriseWorks, Graduates, Media Mentions, Recognition & Awards

EnterpriseWorks Founders Elected to National Academy of Sciences

EnterpriseWorks startup founders and serial entrepreneurs Stephen Sligar and Ken Suslick were elected to the National Academy of Sciences on April 30, 2024. The National Academy of Sciences recognizes members due to their distinguished and continuing research achievements. Membership is determined by nomination and election by academy members and is a highly prestigious distinction in the science field. Stephen Sligar, founder of EnterpriseWorks startup Mobius Scientific, is a professor in the Department of Biochemistry at the University of Illinois. His research centers on metalloenzymes, membrane-bound receptors, and investigations in cancer signaling and cholesterol homeostasis. He currently serves as the Chief Technical Officer of Mobius Scientific in EnterpriseWorks at the University of Illinois Research Park. Mobius Scientific is changing the outlook for patients with progressive vision loss by developing nanodisc-delivered therapies. It is an early-stage, platform biotechnology company treating optical diseases by addressing their root causes. Ken Suslick is a professor in the Department of Chemistry at the University of Illinois and the founder of EnterpriseWorks startup Iridescent Sensors. His research interests include sonochemical synthesis, protein microspheres, and sensors and artificial olfaction. Iridescent Sensors is creating a field- deployable “optoelectronic nose” that can be placed in first responder vehicles and chemical workplaces to detect toxic chemicals. To learn more about this distinction, visit The National Academy of Sciences’s website.

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Prenosis
EnterpriseWorks, Graduates, Media Mentions, Recognition & Awards, Research Park

EnterpriseWorks Graduate Prenosis Receives FDA Clearance on Sepsis ImmunoScore

EnterpriseWorks graduate Prenosis recently announced the approval of its artificial intelligence-powered diagnostic tool for sepsis by the U.S. Food and Drug Administration. Sepsis occurs when the body has an extreme response to an infection, and it is often deadly. It is notoriously challenging to diagnose, but early detection is key since patients can deteriorate quickly. Prenosis’ diagnostic tool, called Sepsis ImmunoScore, uses 22 different parameters such as temperature, heart rate and cell counts to help clinicians assess a patient’s risk of sepsis. Prenosis was an EnterpriseWorks tenant from 2017 to 2018. Founder Rashid Bashir, Dean of Grainger College of Engineering, developed these technologies with his research group in the Micro and Nanotechnology Laboratory, along with Bobby Reddy. During its time at the Research Park, the Prenosis team earned a second-place prize in the 14th Annual Dale V. Cozad New Venture Competition. Now based in Chicago, Prenosis has been a longtime client of the Illinois FAST Center. Prenosis’ goal is to detect and prevent the majority of diseases before debilitating symptoms present themselves. By integrating biomarkers and clinical data, its diagnostics present real-time critical information, predicts future outcomes for patients, and expedites the delivery of optimal therapy. Prenosis’ approach stands out for its regulatory compliance and focus on safety and efficacy. The company plans to conduct further studies to demonstrate the tool’s accuracy and impact on clinical decision-making, with intentions to market it globally. “FDA authorization of a sepsis diagnostic tool with significant predictive power is a landmark event for people that could ever be at risk of sepsis at some point in their lives,” said Bobby Reddy, Jr, Ph.D. Read more on the CNBC newspage.

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