Media Mentions

CHAMPAIGN, IL, Nov 18, 2014 — MulticoreWare, founded by University of Illinois professor Wen-mei Hwu, has recently been ranked by Inc.com as one of the 110 fastest-growing private companies. This distinction comes in light of MulticoreWare’s recent and rapid growth and skyrocketing revenue. “MulticoreWare saw a three-year growth of 3,322 percent, with revenue increasing from $224,601 in 2010 to $7.7 million in 2013. ‘It’s really about how we make the best use of parallel hardware and increase the application capabilities and efficiency for customers,’ said Hwu, about the company’s growth.” MulticoreWare will graduate from EnterpriseWorks by the end of 2014. Read the full article here. MulticoreWare Inc is a Software and Systems Integration solutions company which provides heterogeneous multicore (h-multicore solutions) for high performance computing applications using multicore and many core processors. We are currently working with applications in the Defense and Aerospace, Bioinformatics, Life Sciences, Imaging, Scientific Computing and Financial Services industries. MulticoreWare embraces heterogeneous computing and its h-multicore solutions benefit customers who require a higher order of magnitude performance with power and space constraints. MulticoreWare Inc., has recently launched a new product called Mcore Platform Analyzer. Mcore Platform Analyzer is a powerful and versatile tool that allows a developer to easily instrument, visualize, and interpret the way different parts of the application interact with one another, as well as with the CPU and GPU. – See more at: https://researchpark5.wpenginepowered.com/news/multicoreware-inc-opens-enterpriseworks#sthash.3XKz0DSW.dpufMulticoreWare Inc is a Software and Systems Integration solutions company which provides heterogeneous multicore (h-multicore solutions) for high performance computing applications using multicore and many core processors. We are currently working with applications in the Defense and Aerospace, Bioinformatics, Life Sciences, Imaging, Scientific Computing and Financial Services industries. MulticoreWare embraces heterogeneous computing and its h-multicore solutions benefit customers who require a higher order of magnitude performance with power and space constraints. MulticoreWare Inc., has recently launched a new product called Mcore Platform Analyzer. Mcore Platform Analyzer is a powerful and versatile tool that allows a developer to easily instrument, visualize, and interpret the way different parts of the application interact with one another, as well as with the CPU and GPU. – See more at: https://researchpark5.wpenginepowered.com/news/multicoreware-inc-opens-enterpriseworks#sthash.3XKz0DSW.dpuf

Crain’s Chicago Business profiled the success of startup Chromatin, a graduate from the EnterpriseWorks incubator who currently has a 6,000-square foot footprint in the University of Illinois Research Park. Research Park is very proud of Chromatin’s team and their persistent diligence and hard work. Read the full featured article in Crain’s Chicago Business online. Today, Chromatin’s teams in Champaign and Texas, working with eight nurseries around the world, develop thousands of new varieties of sorghum each year from traditional cross-breeding; varieties containing the company’s patented mini-chromosomes are under development. The company, based in downtown Chicago, has 200 employees and tens of millions of dollars of annual revenue, though Ms. Preuss won’t disclose more exact numbers. In January, Chromatin raised $36 million in series E financing, with Wood Creek Capital Management of New Haven, Connecticut, leading the effort, raising its fetch to $70 million. John Banta, CEO of IllinoisVentures LLC, a Chicago early-stage investment firm that has invested in Chromatin, says Ms. Preuss is a rarity. “The cultural divide between the two settings”—a university research lab and a startup business—“can be great, which is why it is so unusual for later-stage CEOs to derive from the lab/classroom,” he says. Ms. Preuss, who holds a 1990 doctorate in biology from MIT, grew up in eastern Colorado. She saw herself becoming an inventor like her hero Thomas Edison, “deploying science to improve people’s lives.” As a teen, she worked in her family’s hardware distribution business, sweeping floors and making sales calls. She says her parents’ comeback from a fire that destroyed their warehouse helped inspire her own “rising from the ashes” story at Chromatin.

An article in the June 2013 issue of Inc. magazine declares EnterpriseWorks, the technology business incubator at the University of Illinois Research Park, as one of three college-town incubators worth watching. The article highlights some of the incubator’s strengths, including entrepreneur counseling and support. It also mentions that EnterpriseWorks clients and graduates have raised more than $550 million in outside capital. The article calls out one of EnterpriseWorks tenants, IntelliWheels, “a company that has created a patent-pending gear system for manual wheelchairs, was awarded a grant from the National Institutes of Health and has raised more than $500,000 in funding.” The other college town incubators featured are Arizona State University’s Furnace Technology Transfer Accelerator and the USC/Columbia Technology Incubator out of the University of South Carolina. This isn’t the first time that EnterpriseWorks has received recognition from the Inc. “family”. In 2011, Inc.com named EnterpriseWorks one of 10 Start-up Incubators to Watch in the U.S.

CHAMPAIGN, Ill. —Inc.com’s recently published list of 10 start-up incubators to watch featured EnterpriseWorks as one of the “most productive, innovative, and nurturing start-up incubators in the country.” EnterpriseWorks, a business incubator for early-stage technology firms located within the Research Park at the University of Illinois at Urbana-Champaign, was included in Inc.com’s July 15 article, “10 Start-Up Incubators to Watch,” because of its multifaceted approach to working with entrepreneurs and the various opportunities available to start-ups. EnterpriseWorks was lauded for “particular success with information and biotechnology companies.” The article also cited its unique location within the Research Park; as a result, EnterpriseWorks start-ups have the opportunity to interact, network and collaborate with tenants including large corporations and other established firms. Start-up companies also have access to an economically viable, highly talented workforce as they employ many University of Illinois students. “By working to commercialize U of I research, start-ups at EnterpriseWorks are addressing societal challenges and pursuing transformative results,” said Lawrence Schook, interim Vice President for Research at the University of Illinois. “We are proud of our efforts to support start-ups through hands-on training, funding and grant opportunities, and access to some of the best entrepreneurial minds our community has to offer.” The Inc.com article specifically mentioned the EnterpriseWorks Entrepreneur-in-Residence (EIR) program, which provides free consulting services by experienced entrepreneurs who have effectively commercialized technology. The EIRs provide a wide array of assistance – at no charge to local technology entrepreneurs – including one-on-one consultations and training workshops. In the past year, the EIRs have conducted more than 200 individual consultations. “We appreciate the recognition of the accomplishments of EnterpriseWorks in creating an eco-system and support resources conducive for technology commercialization. Our success in launching more than 120 companies since the Research Park opened in 2001 has taken a lot of hard work by the entrepreneurs, the University, the community, and state,” said Laura Frerichs, Director of Research Park.