Graduates

EnterpriseWorks Features Graduates News Recognition & Awards Research Park

EnterpriseWorks Graduate Aptimmune Featured in APLU’s University Innovation and Entrepreneurship Showcase

EnterpriseWorks graduate Aptimmune Biologics was featured as a successful university-related startup at The Association of American Universities and the Association of Public and Land-grant Universities University Innovation and Entrepreneurship Showcase in December. Aptimmune specializes in developing autogenous mucosal vaccines for viral diseases that are costly to the swine industry. Founded by Dr. Federico Zuckermann, a University of Illinois Urbana-Champaign veterinary medicine faculty member, the company graduated from EnterpriseWorks in 2018 and is now based in St. Louis. A video about Aptimmune’s technology and impact that was created and shown at the APLU event can be viewed here.  The third annual University Innovation and Entrepreneurship Showcase was held virtually on Dec. 7-11. The showcase spotlighted 22 startup companies from across the nation that have created products and services using federally funded, university-based research.

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EnterpriseWorks Graduates Investments News Research Park

EnterpriseWorks Graduate Network Perception Raises $2.7 Million Seed Round

EnterpriseWorks graduate Network Perception, a Chicago-based provider of a software solution for cyber- compliance and network security in the electrical utility industry, announced this week it has raised $2.73 million in seed funding. The round was led by Champaign-based Serra Ventures, Okapi Ventures, and Energy Foundry, with participation from Early Light Ventures, SaaS Ventures, Illinois Ventures (the venture capital arm of the University of Illinois), and Service Provider Capital. Jeff Bocan from Okapi Venture and Rob Schultz from Serra Ventures joined the NP Board of Directors. “We are very excited to welcome Okapi as new investors. Having their financial and strategic support both validates the market opportunity for our business and fuels our momentum to grow as a company,” said Robin Berthier, CEO and co-founder of Network Perception. The company intends to use the funds to scale its activity in the electric utility sector and beyond. Founded in 2014, Network Perception supplies critical infrastructure industries with a pioneering risk visualization technology empowering their cybersecurity and compliance teams. Network Perception was based at EnterpriseWorks in the University of Illinois Research Park from its founding until it moved its headquarters to Chicago. The company’s technology is based on research originally developed at the University of Illinois at Urbana-Champaign.  Hear about the history and future of Network Perception in this Startup Cafe presentation by CEO and co-founder Robin Berthier from Oct. 29, 2020.

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EnterpriseWorks Graduates News Research Park

EnterpriseWorks Graduate Serionix creates performance face mask

Serionix, an EnterpriseWorks graduate, created an athletic performance face mask with MERV-13 equivalent nanofiber inserts. These inserts are able to trap small particles, including viruses.  The masks are not only effective, but they’re specifically built for performance athletic use. The masks are comfortable, breathable, and it’s easier to project your voice compared to other masks. Seronix says they’ve received great feedback from multiple athletes ranging from skiers, sprinters, and strongman competitors. Serionix plans to integrate their Colorfil technology with their facemasks in the future. The Colorfil technology can quickly soak up toxic chemicals and filters odors. The masks also change color from vibrant pink to dull yellow to show when the filter expires. The Serionix team is also working with NASA to use its lightweight Colorfil technology on NASA’s spaceships and spacesuits. Serionix is now seeking city approval for a significant expansion in downtown Urbana in order to grow its engineering, assembly, and warehouse operations. Serionix has partnered with Body n’ Sole and Champaign Outdoors, so you can purchase a mask in store or online by visiting their website. Read the full article by WCIA here.

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EnterpriseWorks Graduates Investments News Recognition & Awards Research Park

EnterpriseWorks Graduate PhotoniCare Receives Over $7 Million in Funding from Series A and Phase ll SBIR

CHAMPAIGN, IL.- EnterpriseWorks Graduate PhotoniCare, Inc., a company dedicated to revolutionizing healthcare by providing physicians with better diagnostic tools, announced an oversubscribed $5.2 million Series A financing led by i2E Management Company Inc., with co-investment from OSF Ventures, Sony Innovation Fund, and Dreampact Ventures. The company also announced that it has received a $2.1 million Phase II Small Business Innovation Research grant from the National Institutes of Health. The competitive NIH SBIR program funds early-stage small businesses seeking to commercialize innovative biomedical technologies. PhotoniCare is a graduate of the EnterpriseWorks incubator at Research Park, and its technology originated in the bioengineering research lab at the University of Illinois at Urbana-Champaign. PhotoniCare’s CEO and co-founder, Ryan Shelton, is currently the chair of the Champaign-Urbana Tech CEO Roundtable. For the full article, click here. PhotoniCare’s Achievements: PhotoniCare Wins Top Prize at SPIE and Photonics Media Prism Award EnterpriseWorks Graduate PhotoniCare Announces FDA Clearance for First-In-Class Technology for Imaging the Ear PhotoniCare, Inc. Receives Phase I SBIR Award from NIH

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EnterpriseWorks Graduate Mesh++ Helps Champaign Schoolchildren Access Internet for Remote Learning

Mesh++, a startup that came out of the University of Illinois startup ecosystem and graduated from EnterpriseWorks, is part of a collaborative effort to provide wireless Internet connectivity to Champaign Unit 4 students living in the Shadowwood Mobile Home Park. The partners include Ameren Illinois, which is a division of Ameren Corporation that also has a presence in the University of Illinois Research Park. New wifi equipment is being installed in Shadowwood with the goal of having the equipment fully operational to support online learning by the start of the fall semester. The City of Champaign is coordinating the project with cooperation from Unit 4 Schools, i3 Broadband, Mesh++, Ameren Illinois, and Shadowwood Mobile Home Park. “Helping bridge the digital divide by providing free Internet service to our underserved students to facilitate distance learning has never been more important than it is right now. I applaud everyone who quickly pulled together to make this project possible and wish all our students the very best as we kickoff a very unique school year,” Champaign Mayor Deborah Frank Feinen said in a news release. The project will provide wifi Internet connectivity for Shadowwood’s students to Unit 4 School’s online learning applications. This will be accomplished utilizing mesh-network wifi technology developed by Mesh++. Mesh++ spent a year at the EnterpriseWorks incubator, leaving in 2018. The company participated in various University of Illinois Urbana-Champaign entrepreneurship ecosystem activities, including placing as a finalist in the Cozad New Venture Competition and going through the iVenture Accelerator. It also received investment from Illinois Ventures. Now headquartered in Chicago, Mesh++ is led by president and CEO Danny Gardner, a University of Illinois alumnus. Underlying fiber connectivity for the project will be provided by i3 Broadband, who has waived all recurring fees for connectivity associated with this project while it is used to provide student access to online learning. Ameren Illinois is also assisting with the project by allowing the mesh-network equipment to be mounted on its light poles. Ameren Illinois and the City of Champaign will each provide bucket trucks and personnel to facilitate the equipment installation.

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EnterpriseWorks Features Graduates News Recognition & Awards Research Park

EnterpriseWorks Graduate IntelinAir Ranked in Inc. 5000

Inc. introduced its annual ranking of private companies for 2020, and IntelinAir, a 2019 EnterpriseWorks graduate, came in at #714 in the list of 5000 companies.  Companies in the 2020 Inc. 5000 list are ranked according to percentage revenue growth from 2016 to 2019. Inc. reported that IntelinAir has grown by 659%. It is the only Champaign-based company honored in the Inc. 5000 this year. IntelinAir’s AgMRI gathers high resolution aerial images, temperature readings, humidity measurements, rainfall, soil samples, terrain type, equipment utilized, planting rates, applications, and more in order to determine patterns that agronomists and farmers can use in their decision-making.  On March 10, IntelinAir announced that it joined the NVDIA Inception program as a community member, allowing the startup to collaborate with industry-leading experts and other AI-driven startups. In early April of this year, Jacobs’ and IntelinAir announced their partnership, and IntelinAir also partnered with the Wabash Heartland Innovation Network. The agtech company released its AgMRI application for iPhone® in May 2020. IntelinAir is a full-season and full-spectrum crop intelligence company focused on agriculture that delivers actionable intelligence to help farmers make data-driven decisions to improve operational efficiency, yields, and ultimately their profitability. To see the full Inc. 5000 list for 2020, visit the Inc. 5000 2020 page.

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EnterpriseWorks Graduates News

EnterpriseWorks Startups and Graduates Pivoting through COVID-19

The COVID-19 pandemic has caused many EnterpriseWorks startups and graduates to pivot their businesses. The Entrepreneurs Brown Bag Series kicked off on June 17, 2020, with a panel that consisted of Serionix, EarthSense, and AirScout. Attendees heard about how these three companies have adapted in the wake of COVID-19 despite challenges they have faced in funding, collaborating, and manufacturing. Dr. James Langer, a University of Illinois Materials Science and Engineering alum, co-founded Serionix in 2011. Serionix is an EnterpriseWorks graduate that continued its operations in Urbana, Illinois. The company’s award-winning air filtration technology has received support from the Army, the National Science Foundation, and NASA in excess of $3 million. In mid-May, Serionix announced that the company could potentially combat the face mask shortage with their proprietary, lightweight Colorfil coating that is currently being used in NASA spaceships and space suits. Langer said that demand for Serionix filters skyrocketed as people began to exhibit hoarding behavior. As a result of the increased demand, Serionix had to quickly prepare itself for the growth in operations. The company has an external supply chain, and fulfillment occurs in the Urbana facility. “When the stay-at-home order hit, it was crazy because we had to navigate what that meant for us,” Langer said. “We deemed our work essential because our product is a health and wellness product, and we operated as a skeleton group.” In response to how Serionix stepped into face mask prototyping, Langer said that the company had already identified face masks prior the pandemic as a way to apply their technology in a different way. “Our core value proposition was that it changes color to let you know it’s working and when it’s expired. We had it tested against virus and bacteria, and we knew our product was effective against those. We had to take face masks off the back burner and put it in the forefront…. We realized, ‘We have something that can make a difference here.’” Michael Hansen is the Design Lead at EarthSense, a current EnterpriseWorks tenant that has created TerraSentia in order to improve the quantity, accuracy, cost, and speed of in-field plant trait data collection. Langer completed his undergraduate and graduate degrees in Industrial Design from the College of Fine and Applied Arts at the University of Illinois at Urbana-Champaign. EarthSense received a Phase II SBIR award from the National Science Foundation in April 2020, was selected by the Wells Fargo Innovation Incubator to join its seventh cohort in May 2020, and received accelerated funding from the National Science Foundation to transform TerraSentia into an autonomous sanitizing robot in June 2020. The latter was in direct response to COVID-19; EarthSense is working on a robotic arm with a UV light to sanitize surfaces. Hansen explained that the company had already been developing this technology prior COVID-19, but the team found it difficult to manipulate the arm correctly. This mechanical challenge did not deter EarthSense, however. Collaboration between Kris Hauser, Director of the Intelligent Motion Laboratory, and the co-founders led to the production of a usable UV light and improved navigation. Hansen said the company felt the need to do something and that EarthSense is lucky to have a team that can “design a whole robot and ship within a 9 month period. We’re building prototypes already.” Despite the fact that EarthSense “got hit right when we were ramping up for the spring season,” Hansen emphasized that the team was well-equipped because they already had “computer engineers who would work from midnight to 6am, so our workforce wasn’t completely impacted.” Robert Coverdill is the Chief Operating Officer of AirScout and the founder and President of Ag Air Imaging, LLC. He is a University of Illinois at Urbana-Champaign two-time alum with an undergraduate and graduate degree in Mechanical Engineering from the Grainger College of Engineering. He also was the Director of the National Science Olympiad Partnership and Director of Engineering and Technical Services in the Department of Mechanical Science and Engineering for 24 years. Coverdill’s University of Illinois experience in study and in leadership has helped him to successfully lead AirScout as it focuses on improving field scouting for farmers and agronomists. AirScout Thermal Imagery helps people understand crop health weeks before before crop yields are significantly threatened. This EnterpriseWorks-based startup is aiming to expand the use of thermal imaging technology by advocating for the implementation of advanced thermal cameras in businesses and other high-traffic buildings so that people’s body temperature can be monitored. “The same thermal camera we use in the airplane can be modeled on a small stand. You can stand in front of it, and in a second you’ll know what your temperature is… You can set it in the entrance of your business and read the temperature of whoever walks in,” Coverdill said. He noted that temperature is an indicator and a type of filter that could be especially important as businesses, universities, and other places reopen. Coverdill said, “Especially in this environment where there are young people working, it could help us promote healthier work environments,” and although he was not expecting AirScout to pivot in this direction in February, he is hopeful about what thermal imaging can do to assist public health efforts. He intends to reach out to Champaign-Urbana businesses to determine interest and viability. To hear more about how these companies have changed their businesses in response to COVID-19, including how they found funding for their new ventures and how they were initially impacted, watch the video on the Research Park YouTube channel.

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EnterpriseWorks Graduate, Serionix, Uses NASA Tech in Face Masks

Serionix, an EnterpriseWorks graduate, may combat the face mask shortage with their Colorfil coating. Serionix’s proprietary, lightweight Colorfil coating is working on being used in NASA’s spaceships and space suits. The Colorfil technology can quickly soak up toxic chemicals and visibly changes color once it is saturated. Since Serionix technology is made of a self-sterilizing material that can filter harmful particles as well as viruses and bacteria from the air, it decided to implement this technology for face masks. Compared to other face masks, Serionix’s material features color-changing properties. Effectively sterilizing masks is difficult, even for medical professionals with access to methods like ultraviolet light and hydrogen peroxide vapors. For consumers, a color-changing mask would eliminate the need for mask-cleaning by visually showing when it is safe to reuse a face mask and when it is time to replace it. This sterilization technology has proven effective against other viruses in the past, so Serionix is looking into adding antiviral applications for their face masks. Serionix expects to hire more people to meet demands for their products and aims to solidify partnerships that can provide the materials that can be coated in the Colorfil Technology. If all goes according to plan, Co-founder Will Zheng said, “consumers could expect to see these masks in the next few months.” To read the full article by BuiltIn, click here

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EnterpriseWorks Graduates Media Mentions News Recognition & Awards Research Park

Co-founders of Quicket Solutions Recognized as Crain’s 20 In Their Twenties

The two co-founders of Quicket Solutions, a graduate from the EnterpriseWorks incubator at Research Park, have been recognized as one of Crain’s Chicago Business’s 20 In Their Twenties.  Christiaan Burner graduated from the Gies College of Business and Akshay Singh graduated from The Grainger College of Engineering. The beginnings of their successful data cloud software company began during their tenure in EnterpriseWorks. It has been recognized for its noteworthy accomplishments, innovation, high performance, and the potential to achieve even more in the technological world. Now it is located in downtown Chicago with a team largely consisted of the University of Illinois alumni.  Quicket is cloud-based data software to increase efficiency for handing out tickets, organizing the government data, and document hearings and payments. Through this software, police departments are able to digitize data, reduce ineligibility, and perform duties more efficiently. Transitioning from a paper system to a digital world provides ease and efficiency in the government workloads.  For more information on Quicket Solutions, visit here.

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EnterpriseWorks Graduates News Research Park

Revolution Medicines, EnterpriseWorks Graduate, Went Public

Revolution Medicines is publicly traded as of February 12, 2020. The EnterpriseWorks graduate filed its initial public offering on January 17 for $100 million. According to Nasdaq on February 11, 2020, Revolution Medicines raised its proposed deal size to $231 million by offering over 10 million shares between $16 and $17. The company raised $238 million when the stock opened at $17 per share on February 12. It  is listed on the Nasdaq under the symbol RVMD. Revolution Medicines was founded at the University of Illinois Urbana-Champaign by researchers Mark Goldsmith, David Pompliano, and  Martin Burke. Burke was a professor of chemistry at the University of Illinois Urbana-Champaign at the time of founding the company in 2015. In addition to his affiliations with the Beckman Institute, Carl R. Woese Institute for Genomic Biology, and the Biochemistry department, Burke is now the Associate Dean for Research and Professor at the Carle Illinois College of Medicine. He serves as the scientific advisory board chairman for Revolution Medicines, while Goldsmith serves as the president, CEO and board director. Revolution Medicines is a “clinical-stage precision oncology company focused on developing novel targeted therapies to inhibit elusive frontier targets within notorious growth and survival pathways, with particular emphasis on RAS and mTOR signaling pathways.” The company graduated from EnterpriseWorks in 2015, and it announced in July 2019 that it had raised $100 million in series C financing to advance drugs aimed at “frontier targets” in cancer. Currently, Revolution Medicines has raised $232 million from multiple equity financing rounds.

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