Media Mentions

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.

EnterpriseWorks Graduate Prenosis Receives FDA Clearance on Sepsis ImmunoScore Read Post »

Hinetics and Natrion
EnterpriseWorks, Media Mentions, News

Hinetics and Natrion Featured in Axios

EnterpriseWorks startups Hinetics and Natrion were recently featured in Axios for driving the progression of the electric aviation industry. Electric planes capable of long-haul flights are coming closer to reality, with a focus on developing advanced batteries and motors. The leading pioneers in this area are Natrion and Hinetics, both EnterpriseWorks startups. With the development of a new generation of batteries beyond those used to power the electric cars of today, smaller electric aircraft and air taxis may be available as early as 2025. However, the ultimate goal is to electrify larger planes for conventional airport operations. The work of Hinetics and Natrion support this, as both are engineering high-efficiency electric applications to be used in aviation. “To fly an airplane you need two big things: power to propel them forward and energy to keep them flying for a long duration,” says Kiruba Haran, founder and CTO of Hinetics. Haran is focusing on superconducting motors that can generate megawatts of power to propel jets. Superconducting materials have no resistance, minimal heat loss and can carry more current, meaning less material — and less weight. Superconducting materials hold the promise of being “very efficient, very lightweight, power dense,” says Haran. Natrion is developing solid-state batteries that can tolerate much higher temperatures, making them safer than traditional lithium-ion batteries. This is enhancing safety and performance in aircraft applications. They also charge faster. Together, the innovations from Hinetics and Natrion are shaping the future of electric aviation, promising cleaner and more sustainable air travel. As smaller electric aircraft and air taxis come closer to commercial viability, the end goal remains the electrification of larger planes for commercial flight. With the expertise and dedication of companies like Hinetics and Natrion, the future of a greener and more efficient aviation industry is looking bright. Hinetics located to EnterpriseWorks in 2019 after becoming members of the POETS Engineering Research Center. This partnership gave Hinetics access to extensive prototyping and testing facilities within POETS, and more broadly, across the whole University of Illinois campus. With its commitment to minimizing carbon emissions, the start-up has demonstrated groundbreaking work, earning recent funding from several notable organizations including the National Aeronautics and Space Administration, the United States Air Force, the National Science Foundation, and the United States Department of Energy. The team at Hinetics is turning the future of clean energy into a reality. Natrion located to EnterpriseWorks in 2018, and is developing battery technologies that can push the capabilities of EVs by solving the biggest issues that automakers and battery manufacturers face. Its mission is to service the industry with solutions that will enhance the mainstream market viability of electric vehicles and advance the world closer to a future of clean mobility. Read more on the Axios webpage.

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Psyonic
Graduates, Media Mentions

PSYONIC Set to Make Waves on Shark Tank

PSYONIC, an EnterpriseWorks graduate, is gearing up for its appearance on Shark Tank, scheduled for Friday, February 23. With a recent successful $3.1 million crowdfunded equity raise, the company is positioned for a major breakthrough. While details of their pitch to the sharks remain under wraps until the episode airs on ABC, viewers can expect to see Dr. Aadeel Akhtar, CEO and Founder of PSYONIC and University of Illinois alumnus, alongside Sgt. Garrett Anderson, a University of Illinois employee and user of PSYONIC’s innovative bionic hand, demonstrating the company’s technology. Akhtar received his Ph.D. in Neuroscience and M.S. in Electrical & Computer Engineering from the University of Illinois at Urbana-Champaign in 2016. Akhtar and a group of engineers got to work at EnterpriseWorks, building bionic hands from scratch. Now, the hand is a full-functioning one, which the ability to grasp, move, and feel like a real hand. Anderson, who studied rehabilitation counseling at the University of Illinois at Urbana-Champaign as a master’s student, was among the first amputees to test the bionic hand. After he lost his arm below the elbow in Iraq in 2005, he could never tell how much pressure he was applying with his prosthetic hand. He began testing prototypes that let him feel again with PSYONIC. PSYONIC specializes in creating advanced bionic limbs for individuals with amputations, with their first product being the Ability Hand. This prosthetic hand has unmatched speed, intuitive control, touch feedback, and durability. It stands out as the fastest bionic hand available. Additionally, it is available through Medicare, making this cutting-edge technology accessible to a wider audience. The Ability Hand is the world’s first touch-sensing bionic hand. This not only enhances functionality but also provides users with a heightened sense of connection and control over their prosthetic limb. The Ability Hand is covered by insurance companies in the United States, ensuring that users can access this life-changing technology without any out-of-pocket costs. As PSYONIC prepares to step onto the Shark Tank stage, many eagerly awaiting the outcome of this pivotal moment for the company and the future of bionics technology. Tune in to ABC to witness the next chapter in PSYONIC’s journey as they showcase their groundbreaking innovations to the sharks and the world. Akhtar launched PSYONIC in 2015 and the company moved into EnterpriseWorks in 2018. PSYONIC came to EnterpriseWorks as part of the iVenture Accelerator Team in 2015, and has also won prizes at the Cozad New Venture Competition and the 2016 Illinois Innovation Prize. It moved its headquarters to San Diego, California in 2022. Prior to relocating to San Diego, Akhtar says, “This achievement would not have been possible without the resources available to us in Champaign-Urbana. From the Neuroscience Program, to The Grainger College of Engineering, to the Illinois Technology Entrepreneur Center, iVenture Accelerator, Enterprise Works, University of Illinois Research Park, and many more, this community made PSYONIC and the Ability Hand what it is today.”

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

EnterpriseWorks Startup Natrion Finalist in 2024 Edison Awards

EnterpriseWorks startup Natrion was named a Finalist for the 2024 Edison Best New Product Awards. Natrion‘s Lithium Solid Ionic Composite (LISIC) is a finalist in the Battery Technologies category of Resilient & Sustainable Solutions. Finalists were selected by a peer-related voting body of executives, academics, and innovation leaders from across the world. Winners will be announced at the 2024 Edison Awards Gala in Fort Myers, Florida, on April 18, 2024. The Edison Awards have honored new product development since 1987. The Edison Best New Products Awards is an annual competition honoring excellence in new product and service development and is open to companies ranging from startups to multinational corporations. The award recognizes the persistence and excellence that also characterized Thomas Edison’s work. Natrion is developing battery technologies that can push the capabilities of EVs by solving the biggest issues that automakers and battery manufacturers face. Their mission is to service the industry with solutions that will enhance the mainstream market viability of electric vehicles and advance the world closer to a future of clean mobility. See a full list of Edison Best New Product Awards Finalists on its website.

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

Forbes: EnterpriseWorks Incubator Critical to Hypercell’s Startup Success

Forbes examines the “secret sauce” for EnterpriseWorks startup Hypercell Technologies‘ success – partnering with leading universities such as University of Illinois Urbana-Champaign and its award-winning incubator. The proximity to other startups in the EnterpriseWorks ecosystem fueled discovery and the building of community. “Partnering with the University of Illinois at Champaign-Urbana has provided Hypercell with immense support, including access to low-cost lab supplies (due to the University buying power), access to shared lab equipment (avoiding major capital investments), access to a wide array of scientific experts (both University and other start-up company staff), and a very effective incubator program at EnterpriseWorks which included training programs, support for government grants and assistance with hiring,” shares Hypercell’s co-founder and CEO Bruno Jactel in Forbes. EnterpriseWorks provided meaningful partnerships, state-of-the-art lab facilities, and mentor opportunities for Hypercell. Above all, the incubator offers camaraderie, allowing entrepreneurs to learn from each other’s successes and failures. “We’ve been a great peer community of entrepreneurs and technology experts working together and sharing their experiences and expertise,” says Laura Appenzeller, executive director of the University of Illinois Research Park. “That type of innovation community fuels new discovery and better outcomes for translational science.” Hypercell recently received the top prize of $1 million in funding and strategic mentorship at the 2023 Grow-NY Business Competition, a food and agriculture startup challenge. Read the entire Forbes article online here.

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iFab Tech
EnterpriseWorks, Media Mentions, Partnerships & Acquisitions, Research Park

Boston Bioprocess Contributing to Establishing the AgTech Corridor as a Biomanufacturing Destination

Categories : Community, EnterpriseWorks, Media Mentions, Partnerships & Acquisitions, Research Park Posted On: December 8, 2023 iFab Tech Hub partners Boston Bioprocess (BBP) and the Integrated Bioprocessing Research Laboratory (IBRL) are scaling fermentation tech and jobs in Central Illinois. Boston Bioprocess, an EnterpriseWorks startup, offers full-suite fermentation and downstream processing services at benchtop and pilot scale. It provides clients with the equipment and expertise they need to improve yield, decrease costs, and access products for commercial testing. BBP oversees process development and finalizes parameters, preparing products to be scaled up at IBRL, said BBP cofounder and CEO Michael Tai. “BBP’s early-stage resources and experimental design expertise coupled with IBRL’s pilot-scale infrastructure helps clients smoothly transition from one end of the spectrum to the other,” Tai added. “We provide our clients with access to a suite of assets, talent, and expertise to navigate their scale-up journey.” Learn more about this partnership by reading the full article on its ACES News page.

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Intern Award
EnterpriseWorks, Media Mentions, Recognition & Awards, Research Park

Natrion Co-Founders Named to Forbes’ 30 Under 30: Energy List

Alex Kosyakov and Thomas Rouffiac, co-founders of the EnterpriseWorks startup Natrion, have been named to  2024 Forbes 30 Under 30- Energy list. Natrion is developing battery technologies that can push the capabilities of EVs by solving the biggest issues that automakers and battery manufacturers face. Its mission is to service the industry with solutions that will enhance the mainstream market viability of electric vehicles and advance the world closer to a future of clean mobility. Natrion has received $3.2 million in funding from investors including Mark Cuban, and is now scaling its technology with support from companies like LG Energy Solution. Kosyakov and Roufflac, both 22,  join an esteemed group of EnterpriseWorks startup founders previously named on Forbes 30 Under 30 lists. They include Ascent Integrated Tech’s Paul Couston, IntelliWheels‘ Scott Daigle, Psyonic‘s Patrick Slade, and Electrolinks‘ Brett Walker. The Forbes 30 Under 30 list, now in its 13th year, recognized 600 people in 20 industries for 2024. To assemble the list, Forbes writers and editors—with the help of expert independent judges —evaluated more than 11,000 candidates on factors including funding, revenue, social impact, inventiveness, and potential. More information is here. 

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

Hypercell Technologies Wins $1 Million Prize in Grow-NY Competition

Hypercell Technologies, an EnterpriseWorks startup, won the grand prize of $1 million at Grow-NY on November 15, 2023, in Binghamton, New York. Hypercell Technologies provides rapid point-of-care diagnostics for the food chain, ensuring early identification and management of biological contaminants from production to transformation with increased speed and accuracy. The company has developed novel biological solutions to control infectious diseases in production animals that cause major economic losses and present potential threats to human health. Hypercell wants to stop future human pandemics by proactively controlling viruses in animal reservoirs. “We’re excited to scale our business of rapid point-of-care diagnostics to improve the food chain in the Grow-NY region,” said Hypercell’s CEO and co-founder, Bruno Jactel. Grow-NY’s competition is open to international startups that meet the Grow-NY definition of ‘Food and Agricultural Field,’ are early-stage, and have a scalable business model. Seven businesses were selected from twenty finalists, including fellow EnterpriseWorks startup Agriwater, to receive prize awards totaling $3 million in the fifth annual competition. Learn more about the competition and its 2023 winners on the Grow-NY website.

Hypercell Technologies Wins $1 Million Prize in Grow-NY Competition Read Post »

Alex Natrion
EnterpriseWorks, Media Mentions, Research Park

EnterpriseWorks Startup Natrion Named Ultimate Winner at Urban Tech Challengers 2023

The EnterpriseWorks startup Natrion was named the Ultimate Winner of the Urban Tech Challengers 2023 after CEO Alex Kosyakov presented at the Urban Tech Forward conference in Warsaw, Poland, on October 25 and 26. Urban Tech Forward is known as Europe’s premier event for tech innovators, featuring over 1,000 attendees from all over the world. The conference includes the Urban Tech Challengers pitch competition for entrepreneurs who are developing disruptive products and services for sustainable, resilient, and future-proof cities. Natrion is developing battery technologies that can push the capabilities of EVs by solving the biggest issues that automakers and battery manufacturers face. Their mission is to service the industry with solutions that will enhance the mainstream market viability of electric vehicles and advance the world closer to a future of clean mobility. To learn more about Urban Tech Challengers, visit their website.

EnterpriseWorks Startup Natrion Named Ultimate Winner at Urban Tech Challengers 2023 Read Post »