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    Investments

    EnterpriseWorks, Events, Investments, News, Research Park

    Finalists announced for Startup World Cup: Agriculture and Food Regional

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    UPDATE: Congratulations to Champaign-based EarthSense for winning the 2025 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.

    Finalists announced for Startup World Cup: Agriculture and Food Regional Read Post »

    EnterpriseWorks, Investments, Media Mentions, News, Recognition & Awards

    Research Park startups awarded Illinois Innovation Voucher funding for tech advancements

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    CHAMPAIGN, ILL. — Several University of Illinois Research Park startups and graduates have been awarded funding through the state’s Innovation Voucher Program, reinforcing the park’s role as a hub for innovation. Cache Energy, Eleuthra Photonics Inc., Epivara, Shothawk and TearDx are among the 35 recipients sharing $2.3 million in grants to advance cutting-edge research and development. “Through this grant program, we’re strengthening Illinois’ global status as an innovation hub and driving small business growth statewide,” said Governor JB Pritzker. “By partnering with our higher education institutions, these small businesses will transform groundbreaking ideas into tangible products and services.” The program aims to foster collaboration by supporting the exchange of technologies, knowledge, facilities, and equipment between Illinois Universities and businesses. This will ultimately boost the production of Illinois-based goods and services and drive economic growth across the state. The awarded companies are working on breakthrough technologies, from medical devices and energy storage to agricultural advancements. These collaborations leverage university resources to drive commercialization and economic growth.

    Research Park startups awarded Illinois Innovation Voucher funding for tech advancements Read Post »

    EnterpriseWorks, Events, Investments, News, Research Park

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

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    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.

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

    Investments, Research Park

    Nominations Sought for 2025 Glen “GB” Brandt Prize for Ag Entrepreneurism

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    CHAMPAIGN – Nominations are now being accepted for the fifth Glen “GB” Brandt Prize for Ag Entrepreneurism, recognizing an Illinois farmer for their role in advancing innovation and entrepreneurship in the ag sector. View the nomination form here. The deadline for submission is February 1, 2025. Established in 2021 to honor the memory of GB Brandt, a legendary figure in the field of Illinois agriculture, the $10,000 cash prize will be awarded to a nominee who exemplifies an entrepreneurial spirit and advances innovation through their business practices, crop growing processes, or product usage. The prize is a partnership between the University of Illinois Urbana-Champaign and The BRANDT Foundation. The winner will be announced and recognized at the AgTech Innovation Summit, an annual event produced by the University of Illinois Research Park, on March 6, 2025. Those eligible for the Brandt Prize include Illinois farmers, growers, and producers or those engaged with Illinois farmers, growers, and producers. Nominees should be connected with the University of Illinois Urbana-Champaign and/or its affiliates, including University of Illinois Extension. A full list of eligibility criteria is available in the nomination form. Andrew and Karlie Bowman, the minds behind the popcorn brand Pilot Knob Farms, were the fourth annual recipients of the Glen “GB” Brandt Prize for Ag Entrepreneurism in March 2024. Working with the University of Illinois, the Bowmans developed new popcorn hybrids, resulting in specialty red and blue “hull-less” popcorn. The Bowmans  also pioneered an automated in-store popcorn demonstration unit. Read the full story on the Research Park website. Past Brandt Prize Winners About The BRANDT Foundation The BRANDT Foundation was established in 2012 as a philanthropic extension of BRANDT, Inc. The Brandt family has always stood with their communities and as their company grew, so did the opportunities to give back. The BRANDT Foundation offers donations, grants, and support to the farms, charities, and organizations in the areas where the company does business. About the AgTech Innovation Summit The AgTech Innovation Summit is an interactive conference where participants learn and share knowledge about the current state of AgTech and get a look into the future through dynamic panels, inspiring keynote presentations, and networking opportunities. It is produced by the University of Illinois Research Park in partnership with the College of ACES and the Office of Corporate Relations. One of the premier AgTech hubs in the nation, Champaign-Urbana is uniquely positioned to bring together entrepreneurs, investors, academics, and industry for learning, networking, and advancing this sector. Contacts Karl Barnhart, The BRANDT Foundation, karl.barnhart@brandt.coLaura Bleill, Research Park, lwbleill@illinois.edu

    Nominations Sought for 2025 Glen “GB” Brandt Prize for Ag Entrepreneurism Read Post »

    Community, EnterpriseWorks, Investments, Recognition & Awards, Research Park

    Illinois Ventures unveils Deep Tech Strategic Fund

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    Illinois Ventures, an EnterpriseWorks tenant and the venture capital arm of the U of I System, recently unveiled a new fund, the Deep Tech Strategic Fund. The organization is focused on helping students achieve their entrepreneurial dreams and has previously supported Research Park companies including DeepWalk, EarthSense, Natrion, PSYONIC, and more. The Deep Tech Strategic Fund is Illinois Ventures’ largest fund to date, consisting of $48 million from investors including the University of Illinois, Carle Health, and the University of Illinois Foundation. The fund, which targets the next wave of startups, is designed to fuel ideas that come from the University of Illinois ecosystem and is a testament to Illinois Ventures’ commitment to push the boundaries of innovation. Learn more about this investment fund on the Illinois Ventures website, Crain’s Chicago Business website, or connect with Illinois Ventures on LinkedIn.

    Illinois Ventures unveils Deep Tech Strategic Fund Read Post »

    Community, EnterpriseWorks, Investments, Recognition & Awards, Research Park

    FAST Center at Illinois receives funding renewal from US SBA

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    The U.S. Small Business Administration (SBA) announced that the Illinois FAST Center, hosted by Research Park, has received a five-year renewal of its funding. The FAST Center at the University of Illinois Urbana-Champaign provides one-on-one assistance, training, and workshops across the state to increase access to federal research funding for Illinois small businesses. From 2020 to 2023, the FAST Center at the University of Illinois served a total of 2,288 clients, 60% of which came from underserved populations. Clients were awarded a total of $67.2 million in SBIR and STTR funding. This award is one of 49 distributed by the SBA, which provide up to $200,000 to organizations supporting startups through specialized training, mentoring, and technical assistance under the Federal and State Technology (FAST) Partnership Program. “FAST funding, which fuels innovation to keep America competitive globally, has doubled under the Biden-Harris Administration,” said Administrator Isabel Casillas Guzman, head of the SBA. “At a time when we are seeing historic highs in our entrepreneurial activity with a small business boom, investing in America’s innovative startups is a top priority. America’s Seed Fund, powered by the SBA and fueled by 11 federal agencies’ SBIR and STTR programs, is the largest source of early-stage funding in the world. With FAST, we have now expanded our entrepreneurial ecosystem to nearly every state so that entrepreneurs with great ideas can invent it, commercialize it, and build it with America’s Seed Fund in every corner of America.” The Illinois FAST Center hosted America’s Seed Fund Road Tour in Champaign on July 17, 2024, allowing innovators, entrepreneurs, researchers, and small technology startups to connect with federal funding opportunities. Read the official press release on the SBA website. About FAST FAST provides small businesses and startups, particularly those in underserved communities, with specialized training, mentoring, and technical assistance for research and development. FAST’s objective is to strengthen the competitiveness of small businesses and startups across the country, particularly those from underserved communities to help them benefit from the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs. Through FAST, the SBA continues to play a critical role in creating inclusive entrepreneurial ecosystems and helping American entrepreneurs grow their networks and revenue opportunities with new capital. Learn more about FAST on the SBIR website. About the FAST Center at the University of Illinois The FAST Center at the University of Illinois Urbana-Champaign is led by EnterpriseWorks and provides free resources, support, and expertise necessary to submit a highly competitive proposal to help startups and companies bridge the gap between research and commercialization. It has helped companies acquire millions of dollars in federal SBIR/STTR funding at no cost to them.

    FAST Center at Illinois receives funding renewal from US SBA Read Post »

    EnterpriseWorks, Investments, Research Park, Uncategorized

    HabiTerre makes $10m first close on its Series A, aims to become ‘the global standard’ for sustainability metrics

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    EnterpriseWorks startup HabiTerre completed an initial close of $10 million on its Series A funding round. Investments were led by investor John Deere, a major partner of the Research Park, conveying the potential impact the technology could have at scale. HabiTerre is the only company with the rights to commercialize technology developed by founder Kaiyu Guan. Guan, the company’s founder, is a professor in the Department of Natural Resources and Environmental Sciences at the University of Illinois Urbana-Champaign. The new investment will largely go towards scaling HabiTerre’s technology offering “to make it even more efficient for quality assurance and quality control” for more companies across the ag value chain. “We’ve executed a number of pilots and are working with a number of different commercial customers,” said HabiTerre CEO Nick Reinke. “We’re really getting clear on what the market needs from technology like ours.” HabiTerre is currently aiming to do another $3 million to $4 million as part of its Series A round and is actively looking for investors. HabiTerre is a deep science and technology company offering a holistic approach to farm productivity and resource use efficiency. It monitors, measures, and analyzes environmental impacts with the utmost scientific rigor to provide actionable insights for optimal management of land, nutrient, and water use. Learn more about HabiTerre’s investment milestones on LinkedIn or AgFunder News.

    HabiTerre makes $10m first close on its Series A, aims to become ‘the global standard’ for sustainability metrics Read Post »

    EnterpriseWorks, Investments, Research Park

    EnterpriseWorks startup Natrion lands $1.5 million in Air Force Contracts

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    EnterpriseWorks startup Natrion recently secured contracts from the United States Airforce to bring its high-performance battery materials to the Department of Defense. The company was selected for two Small Business Innovation Research (SBIR) contracts from the US Air Force, a Phase I from Air Force Global Strike Command (AFGSC), and a Phase II from AFWERX, the Air Force’s innovation arm. This funding will enable Natrion’s technology to continue gaining traction in the industry and build on the company’s longstanding collaboration with the Department of Defense (DoD). Natrion is developing new batteries and battery components that eliminate fire risk while diminishing material costs. Natrion’s Lithium Solid Ionic Conductor (LISIC) combines a proprietary high-performance ceramic made from a clay mineral that is already used in cosmetics and paper with a type of plastic that’s typically found in building fire insulation. Learn more about Natrion’s accomplishment on TechNexus.EnterpriseWorks startup Natrion recently secured contracts from the United States Airforce to bring its high-performance battery materials to the Department of Defense. The company was selected for two Small Business Innovation Research (SBIR) contracts from the US Air Force, a Phase I from Air Force Global Strike Command (AFGSC), and a Phase II from AFWERX, the Air Force’s innovation arm. This funding will enable Natrion’s technology to continue gaining traction in the industry and build on the company’s longstanding collaboration with the Department of Defense (DoD). Natrion is developing new batteries and battery components that eliminate fire risk while diminishing material costs. Natrion’s Lithium Solid Ionic Conductor (LISIC) combines a proprietary high-performance ceramic made from a clay mineral that is already used in cosmetics and paper with a type of plastic that’s typically found in building fire insulation. Learn more about Natrion’s accomplishment on TechNexus.

    EnterpriseWorks startup Natrion lands $1.5 million in Air Force Contracts Read Post »

    Community, EnterpriseWorks, Features, Investments, Partnerships & Acquisitions

    Eleuthra Photonics provides expertise to MarginDx project

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    EnterpriseWorks startup Eleuthra Photonics will provide industry and translation expertise for the Margin Diagnostics (MarginDx) project. Funded through the ARPA-H Precision Surgical Interventions (PSI) program, MarginDx combines optical imaging technologies with AI screening tools to ensure, in real-time, that tumor tissue and cells are completely removed during surgery. A large team of researchers and clinicians from the University of Illinois Urbana-Champaign, Mayo Clinic, Eleuthra Photonics, and other industry and clinical collaborators are working to find an end-to-end solution that will drastically improve surgical outcomes for cancer tumor removal. Eleuthra Photonics was founded in 2023 and was admitted to the I-Start program at EnterpriseWorks. Eleuthra Photonics specializes in developing and producing rapid image-based diagnostic tools for analyzing tissue and cell samples, with a primary focus on cancer and other disease diagnoses. Learn more on the University of Illinois Interdisciplinary Health Sciences Institute website.

    Eleuthra Photonics provides expertise to MarginDx project Read Post »

    Community, Features, Investments, Media Mentions, Recognition & Awards, Research Park

    iFAB awarded $51 million grant to propel Central Illinois as a biomanufacturing leader

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    The Illinois Fermentation and Agriculture Biomanufacturing (iFAB) Tech Hub has been awarded approximately $51 million from the Tech Hubs Program through the Department of Commerce‘s Economic Development Administration. This funding enables the iFAB consortium to position Central Illinois as a global leader in biomanufacturing and precision fermentation, supporting national security, economic growth, and job generation. Led by the University of Illinois Urbana-Champaign, iFAB seeks to scale precision fermentation to convert underutilized corn feedstocks into high-value, customized alternative proteins, food ingredients, materials, chemicals, and more. It was named an EDA Regional Innovation and Technology Hub in October 2023, opening the door to government support and funding. “Today’s EDA grant not only acknowledges but actively fuels our mission to establish Central Illinois as a pivotal biomanufacturing player on the global stage. With these new resources, we are equipped to accelerate our initiatives, ensuring that our region not only meets but sets the gold standard for biomanufacturing innovation,” said U. of I. Chancellor Robert J. Jones. “This partnership exemplifies how the University of Illinois Urbana-Champaign can leverage its expertise and resources to fuel progress and prosperity right in our backyard.” iFAB’s 30+ partners include the University of Illinois Research Park and others from industry, higher education, trades, workforce development agencies, agribusiness, and producers. Two of the private sector partners, ADM and Boston Bioprocess, have operations at Research Park. Gener8tor, the leader of the Illinois AgTech Accelerator, is also involved with iFAB. The iFAB leadership team includes Laura Appenzeller from the University of Illinois Research Park along with representatives from the University of Illinois Urbana-Champaign, Champaign County Economic Development Corporation, and Economic Development Corporation of Decatur-Macon County. iFAB seeks to scale precision fermentation to convert underutilized corn feedstocks into high-value, customized alternative proteins, food ingredients, materials, chemicals, and more. By leveraging this funding alongside regional assets in corn and soy feedstocks, food processing infrastructure, and research leadership, this Tech Hub will continue to provide a domestic biomanufacturing testbed through the development and deployment of multi-use pilot and demonstration capacity and equipment for biomanufacturing innovators. To learn more, visit the iFAB website.

    iFAB awarded $51 million grant to propel Central Illinois as a biomanufacturing leader Read Post »

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