Investments

Cozad
EnterpriseWorks, Investments, Recognition & Awards

Cozad New Venture Challenge Teams Win Get Started Prizes, Affiliate Membership from EnterpriseWorks

EnterpriseWorks and Research Park awarded prizes valued at $30,000 to 10 teams who competed in the 2023 Cozad New Venture Challenge. CNVC kicked off in early February with over 100 competing teams representing 11 colleges. The teams attended 4 workshops on customer discovery, value proposition, financials, and presentation skills, besides optional skills development workshops. Nearly 90 startup teams made it to the Demo Showcase that took place on April 13 at the Illinois Conference Center at Research Park. Congrats to Zite AI, whose office is on the second floor of EnterpriseWorks, for capturing fourth place and winning a $5,000 investment. Zite AI makes small business owners’ dreams come true by helping them select the perfect location to open their business, increasing their revenues, and reducing the risk of failure. The team members represent Grainger College of Engineering (Industrial & Enterprise Systems Engineering). Get Started! Prize: Winners: The Get Started! Prize offers up to $5,000 per team to leverage professional consultants and experts to assist with company legal formation, branding, business strategy, and getting your team launched as a company. Services will be provided by Entrepreneurs-in-Residences on an hourly basis or approved regional professional firms. All finalists received Affiliate Membership at EnterpriseWorks. This includes use of co-working space, access to conference rooms, common areas, support services, and entrepreneur assistance. CNVC is a campus-wide program that provides mentoring to teams through the phases of venture creation, and resources in idea validation, pitching skills, and customer development. The teams pitched their startup ideas to about 105 past Cozad alumni, investors, mentors, faculty, sponsors, and partners of the University of Illinois entrepreneurship ecosystem who served as judges. Past participants of the program include EnterpriseWorks graduates Mesh++, Prenosis, Cast21, Psyonic and Serionix, in addition to EnterpriseWorks startups Natrion and DeepWalk.

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Agtech
EnterpriseWorks, Investments, Research Park

Illinois AgTech Accelerator Launches Fifth Cohort with Five Startups

gener8tor Partners with Serra Ventures to Launch Accelerator for Ag andFood Startups; Illinois AgTech Accelerator welcomes fifth cohort CHAMPAIGN, Il. – The Illinois AgTech Accelerator kicked off the 2023 gener8tor AgTech cohort on March 20, with Serra Ventures serving as a key partner. The accelerator is investing $100k in five high-growth AgTech and agriculture startups, providing a concierge, white-glove experience to each of them. EnterpriseWorks startup Boston Bioprocess is among the five companies chosen to participate. The others include Milwaukee-based Agricycle; Toronto-based Just Vertical; Brazil-based DigiFarmz Smart Agriculture; and Boston-based RevivBio. At the end of the program, startup founders will pitch their companies to investors, community partners and the public at a showcase event at Parkland College on June 6. The gener8tor AgTech Accelerator is designed to set a path for startups emerging ag and food technologies succeed by leveraging local, regional and global partnerships with investors, corporations and academic institutions. “We’re excited to partner with gener8tor to help support early-stage AgTech and Agriculture startups in the Midwest,” said Dennis Beard, managing partner at Serra Ventures. “Illinois is home to world-class institutions like the University of Illinois, and we believe this partnership can help grow the next generation of startups in the region.” Other program supporters include Agri-Fab, GEM Realty Capital, University of Illinois Research Park, Champaign County Economic Development Corporation, and BASF. Startup companies and founders interested in learning more about the Illinois AgTech Accelerator and resources or applying to a future program are encouraged to visit the gener8tor website.

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illini angels
EnterpriseWorks, Investments, Research Park

Illinois Ventures Launches Illini Angels Investment Network

WCIA interviewed Brandon Yates, CEO of EnterpriseWorks startup DeepWalk, said having such a focused source of early-stage capital available for entrepreneurs will be a game-changer. Watch his interview here.  Read the full Illini Angels press release HERE.  Illinois Ventures – the U of I System’s venture capital arm and a tenant at EnterpriseWorks – and a group of leading alumni from the University of Illinois Urbana-Champaign announced the formation of Illini Angels on Feb. 27. It will support early-stage companies that have founders or leadership who are connected to the U of I System family – faculty, alumni, or students from any of the three universities, as well as companies that license university technology. That support will include seed funding, advice, and mentorship. The angel network plans to focus on innovative companies that leverage the University of Illinois at Urbana-Champaign’s expertise in fields like engineering, computer science, healthcare, ag tech, and energy. “There’s been such pent-up demand for this idea. Illinois entrepreneurs, faculty, and staff are regularly approached by alumni who would like to invest in or engage with our university startups. They know that great opportunities are born there every day,” said Nancy Sullivan, CEO and managing director of Illinois Ventures.

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Glen Brandt
Investments, Research Park

Nominations sought for 2023 Glen “GB” Brandt Prize for Ag Entrepreneurism

University of Illinois Urbana-Champaign and The BRANDT Foundation Prize Honors the Legacy of GB Brandt CHAMPAIGN – Nominations are now being accepted for the third Glen “GB” Brandt Prize for Ag Entrepreneurism, recognizing an Illinois farmer for their role in advancing innovation and entrepreneurship in the ag sector. 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 nomination form is now open. https://go.illinois.edu/GlenBrandtAgInnovationPrize The deadline for submission is February 10, 2023. 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 7, 2023. “GB was an extraordinary person who attacked life with optimism and built a global business from very humble roots,” said Rick Brandt, President of The BRANDT Foundation. “We’re looking to help someone who shares GB’s passion for ag, demonstrates a high level of creativity and has a vision to change the future.” Examples of possible innovations include (but are not limited to): working to increase productivity/efficiency of farmers; new applications of technology; unique business ventures; and creating new agricultural opportunities, such as new crops or new food production systems. Those eligible for the award include Illinois farmers, growers and producers or those engaged with Illinois farmers, growers and producers. Nominees must be connected with the University of Illinois Urbana-Champaign or its affiliates (full list of eligibility criteria is available in the nomination form). Matt Riggs of Riggs Beer Company was named the second annual recipient of the Glen “GB” Brandt Prize for Ag Entrepreneurism in March 2022. Riggs’s nominators cited his ag business ingenuity, writing: “Since founding his brewery in 2016, his farm and brewery have vertically integrated over 155,000 pounds of brewing grain, making them the Midwest’s #1 volume “grain to glass” brewery.” (See the full story HERE.) The son of a farmer from Sangamon County, GB, along with his sister Evelyn, started the company that would become the global agribusiness known as BRANDT. He provided the vision and energy to imagine, build and manage what today has 800 employees and sales in 81 countries. He died in 2020 at age 94. 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 to learn and share knowledge about the current state of agtech and get a looking 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

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