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Ascent Integrated Tech Closes Seed Funding Round

EnterpriseWorks startup Ascent Integrated Tech has closed a $400,000  seed funding round from multiple investors, the company announced. Multiple strategic partners joined the seed round including Champaign-based Fox Ventures; Illinois Ventures, the venture capital arm of the University of Illinois; MHUB, Dipalo Ventures, and the Darley Company, one of the largest global fire equipment distributors. “Ascent is building human performance technology to augment operators in hazardous environments with actionable insights that improve safety and productivity,” Paul Coulston, Ascent’s CEO. “Hazardous respirators are worn by firefighters, industrial operators, and avionic mechanics. These respirators can cost up to $10,000 per unit but may have less sensor technology than a $100 smartwatch.” Ascent has active pilots with over 17 major metropolitan fire departments  to test its product in simulated structural fires. “Our approach is agnostic to the respirator, industry, and OEM, and its technology integrates into existing solutions and brands that these operators know and trust,” Coulston said. “Our technology enables reliable communication, interchangeable and wireless components, optical, environmental, and biometric sensors, and can monitor the locations and movements of the operators. All this is done without changing the fundamental functionality, gasket, or respiration function of the equipment.” Ascent has proposals pending with various defense agencies to better protect avionic and marine mechanics. The company is in the beginning stages of regulatory approval. This summer, Ascent will be working at EnterpriseWorks and will start the mHUB Industrial IoT accelerator cohort. 

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EnterpriseWorks Features Media Mentions News Recognition & Awards Research Park

EnterpriseWorks Verizon 5G Innovation Hub Highlighted by EdTech Magazine

Ed Tech Magazine’s Summer 2021 edition features a two-page spread telling the story of the Verizon 5G Innovation Hub at the University of Illinois Research Park. The article details how the hub became the first of its kind on a college campus, and discusses the advantages of the hub for both the private sector and university researchers. “The result of a partnership with Verizon, the Innovation Hub is bringing together small startups, large companies and university researchers and students to collaborate on new use cases for 5G, says Laura Frerichs, executive director of the Research Park. “My hope is that both our companies and our researchers are able to invent ahead of others what’s possible with 5G,” she says. “Rather than talk about the technology in terms of hypotheticals, they will be able to try it out and learn from each other.”

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EnterpriseWorks News Recognition & Awards Research Park

Epivara Granted NSF SBIR Phase I Award

Epivara, a startup at the EnterpriseWorks tech incubator in the University of Illinois Research Park, recently received a $255,000 Small Business Innovation Research (SBIR) Phase I award from the National Science Foundation. The startup plans to use the funding to further develop a safe and effective injectable alternative to surgical spays in female dogs. Epivara, a company developing more humane, natural sterilization methods for livestock and companion animals, was founded by Dr. Jay Ko, a faculty member in the University of Illinois College of Veterinary Medicine, The company’s scientists work out of a lab and office at EnterpriseWorks, the technology incubator in the Research Park. Epivara’s mission is to make life better for animals and humans through innovative science and compassionate care. The company has developed iSpay/iNeuter, a low-cost injection to spay and neuter pets efficiently. Currently, this is the only alternative to spay and neuter surgery that works safely, permanently, and works within seconds. In March, Epivara received the 2021 Edwin Moore Family Agriculture Innovation Prize. The award, generously funded by University of Illinois alumni and their families, rewards University of Illinois entrepreneurs focusing on agricultural innovations. To learn more about SBIR funding and to for more resources on how innovative Illinois startups can get funding, check out the FAST Center at Illinois.

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Research Park

NSF I-CORPS

NSF I-CORPS National Science Foundation’s (NSF) Innovation Corps, or I-Corps, is a public-private partnership program for university faculty and student entrepreneurs working on STEM-related technology. I-Corps consists of a targeted curriculum to identify valuable product opportunities that may emerge from academic research. Additionally, the program provides entrepreneurship training to participants. The Illinois I-Corps Site was one of the first three I-Corps sites launched in the National Innovation Network in 2013. Originally it was a collaboration between the Technology Entrepreneur Center in the College of Engineering and EnterpriseWorks at the Research Park with participation from the Office of Technology Management and IllinoisVentures. Today, Illinois I-Corps is part of the Great Lakes Hub. Illinois I-Corps offers a series of programs to assist faculty, staff, and students in commercializing their research. Programming is a mix of online and in-person workshops. GET MORE INFO ABOUT I-CORPS   I-Corps provides education and funding to faculty and student entrepreneurs.

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EnterpriseWorks Startups to Present at 2021 Illinois Life Sciences Showcase

EnterpriseWorks startups Revive, Visionaire, Life Foundry, and Fruit Vaccine will be presenting at the 2021 Illinois Life Sciences Showcase presented by iBio. The four-day conference aims to connect innovators to investment and talent, stimulate collaboration and foster the next generation of innovations and entrepreneurs to help bridge the gap in translating groundbreaking discoveries into biomedical realities. IBio, Illinois Ventures, and academic institutions across Illinois are hosting startups and innovators to showcase their work to investors and biopharma business executives to accelerate entrepreneurship within Illinois’ rapidly growing life sciences ecosystem. Research Park is a proud sponsor of the Illinois Life Sciences Showcase, which will take place April 26 -April 30. Laura Frerichs, Executive Director at the University of Illinois Research Park, will be presenting about the Research Park entrepreneurship ecosystem on Tuesday, April 27 at 3pm Company Presentations Revive Biotechnology will present on Monday, April 26 at 12-12:45PM Lifefoundry will present on Tuesday, April 27 at 12-12:45PM Fruit Vaccine will present on Wednesday, April 28 at 12-12:45PM Visionaire will present on Thursday, April 29 at 12-12:45PM Find the complete schedule for the Illinois Life Sciences Showcase and register by clicking here.  

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EnterpriseWorks Events News Recognition & Awards Research Park

Natrion Sweeps Grand Prize Winnings at Cozad New Venture Challenge

Natrion, a University of Illinois Urbana-Champaign student startup developing advanced battery technologies, captured the grand cash prize of $20,000 and other rewards at Wednesday’s Cozad New Venture Challenge Awards Ceremony. During Cozad, Natrion announced its plans to move into EnterpriseWorks, the tech incubator at Research Park. Natrion will start advanced technology development in a first-floor lab as of May 1. Natrion was founded by Alex Kosyakov, a Materials Science and Engineering undergraduate. The startup engineers and manufactures advanced batteries and battery components that make renewable energy and hybrid power systems safe and cost-efficient. Natrion also received the Dr. Paul Magelli Innovation Prize of $10,000 from Illinois Ventures; the best pitch award winner prize of $5,000, from Cozad Asset Management; and a package of legal services from Meyer Capel. AgriWater also received the I-Start prize from EnterpriseWorks. This prize provides new companies with professional services such as legal, business strategy, and more. Agriwater’s smart, clean water technology is a device that purifies and monitors the most polluted water empowering farmers in real-time to track, visualize and store turbidity, pH, and temperature via IoT enabled sensors that communicate data to the AI Cloud. With the help of the Illinois FAST Center, Natrion recently received SBIR grant funding from the United States Air Force to develop a plug-and-play solid-state electrolyte component for existing lithium-ion batteries that would improve battery life and eliminate fire risk. “Natrion was started by two college students out of the University of Illinois at Urbana-Champaign who wanted to break away from the standard mold of how battery companies are built. After seeing too many of our peers take academic research findings and try to find a market for them (only to run out of time and money), we pioneered our own R&D approach that is customer-centric, lean, and pivotable.” VALUE PROPOSITION: To mitigate fire risk in batteries, many companies are attempting to implement electrolytes made from either pure solid ceramic or pure solid polymer. However, there are problems with this binary approach.Pure ceramics deliver high performance but use exotic materials and processes that are expensive to scale. Ceramics can also crack inside batteries from internal stresses during operation, compromising them completely. Polymers are durable, flexible, and cheap to produce, but perform poorly. To its knowledge, Natrion is the only company in the world commercializing a ceramic-polymer composite solution. To make LISIC, they start with a proprietary aluminosilicate ceramic that’s processed with the one-step heating of a raw material that costs just $160/ton and is already used in the paper and cosmetics industries. They then turn the ceramic into microparticles and embed it into a polymer that is already used as fire insulation in buildings. LISIC is thus stable to over 600°F, eliminating inherent fire risk in cells. This, in turn, improves battery pack-level performance because manufacturers no longer have to try to use active cooling systems or extensive battery management system (BMS) electronics.

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Brunswick Expands i-Jet Innovation Lab at University of Illinois Research Park

Brunswick Corporation announced  April 7, 2021 a major expansion of its i-Jet Innovation Lab at the University of Illinois Research Park to support an acceleration of the Company’s ACES (Autonomy, Connectivity and Electrification) strategy and vision to use technology and design to enhance the recreational boating experience.   The new space will triple the square footage of the current location, allowing for more than double the number of students currently at the site and provide a home for some of the rapidly expanding team of full-time electrification and autonomy specialists being hired as part of Brunswick’s Enterprise Technology Team. Opened in 2018, the i-Jet lab was created to provide an opportunity for engineering, design and business students at the University of Illinois to work closely with leaders at Brunswick to help shape the boating experience by leveraging the latest advancements in areas such as robotics, artificial intelligence, advanced electrical systems and UX/UI, including virtual/augmented reality. The i-Jet students engage with Brunswick’s corporate and divisional resources to generate creative solutions for Brunswick’s award-winning brands through multi-disciplinary collaboration and the exploration and implementation of these new and emerging technologies. “Over the past year, we’ve made significant investments in building our electrification and autonomy solutions, more than doubling our enterprise technology team,” said John Reid, Brunswick Corporation vice president of enterprise technologies. “The expansion of our i-Jet lab is a critical component in our ability to improve our pipeline for talent.  We look forward to fostering the next generation of leaders by creating an environment that is conducive to innovation and collaboration as we define the future of the marine industry and deliver innovation and inspiration on the water.” “We see technology and innovation as enablers to a frictionless boating experience and, importantly, we believe in the power of constant collaboration and exploration.,” said Trevor George, i-Jet Site Director.  “These strengths, along with the collaboration with other companies within the Research Park gives us an opportunity that most companies don’t have, allowing us to define the future of boating by continuously investing in state-of-the-art technology, and industry-leading processes and methods.” Recently, Brunswick announced additional senior technical positions and new leaders to spearhead its autonomy and electrification programs, including John Oenick, Director of Enterprise Electrification and Jason Arbuckle, Autonomy Technical Lead. The official grand opening of the expanded i-Jet lab is scheduled for July 1, 2021. To learn more, visit https://ijetlab.com. About Brunswick Headquartered in Mettawa, Ill., Brunswick Corporation’s leading consumer brands include Mercury Marine outboard engines; Mercury MerCruiser sterndrive and inboard packages; Mercury global parts and accessories including propellers and SmartCraft electronics; Power Products Integrated Solutions; MotorGuide trolling motors; Attwood, Mastervolt, and Whale marine parts; Land ’N’ Sea, BLA, Payne’s Marine, Kellogg Marine, and Lankhorst Taselaar marine parts distribution; Mercury and Quicksilver parts and oils; Bayliner, Boston Whaler, Crestliner, Cypress Cay, Harris, Heyday, Lowe, Lund, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet and Uttern boats; Boating Services Network, Freedom Boat Club and BoatClass.  For more information, visit brunswick.com. View the original press release from Brunswick here.

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Community Internships News Research Park

Innovations @ Research Park Podcast Episode 3: The Research Park Intern Experience

The University of Illinois Research Park launched Episode 3 of the Innovations @ Research Park podcast, which highlights the thriving entrepreneurial and corporate innovation culture in Champaign. The episode features Srijith Srinath, data scientist and former intern at the Motorola Solutions Innovation Center in Research Park. Srinath discusses the Motorola Solutions hiring process and work environment as well as the Research Park Career Fair. Episode 2 of the podcast can be accessed here. Is there something you want to know about Research Park? Do you have an idea for a guest for the show, or a story we should pursue? Do you want to provide other feedback? Contact Laura Bleill (lwbleill@illinois.edu). To listen to the podcast, visit iTunes Podcasts, Spotify, or wherever you prefer to download your podcasts.

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Community EnterpriseWorks Events Investments News Partnerships & Acquisitions Research Park

2020 Research Park Year in Review

In 2020, Research Park accomplished several milestones despite the numerous adaptions. Research Park offered several programming opportunities for small businesses, launched Illinois Reboot, and received a FAST Center grant to aid the impacts of the pandemic. Here is a glimpse of the 2020 Year in Review:  In a virtual environment, Cargill Innovation Lab, Genective, and the Verizon 5G Innovation Hub expanded into the Research Park community. The I-Hotel and Conference Center expansion, the greenhouse for the RIPE project, and the mixed-use building on 1907 S. Fourth St. completed construction during the fall as well.  After the initial lockdown of COVID-19 in March, Research Park offered over 59 hours of programming engaging 243 companies ranging from EnterpriseWorks graduates to current tenants.  In August, Research Park launched the COVID-19 Technology Acceleration Program. This program offered technical assistance, EDA Cares Act funding, and business development assistance. The EDA University Center received over $300,000 from the EDA CARES Act Recovery Assistance program to assist companies impacted by the effects of COVID-19.  Several startups including EarthSense and Serionix transformed their technology to suit the consequences of COVID-19 such as beginning to create high-tech face masks.  Overall, Research Park reached several milestones in 2020 including securing the Illinois FAST Center grant from the U.S. SBA and the addition of two new staff members. Click to view: 2020 Year in Review View previous Year in Reviews: 2018 Year in Review 2019 Year in Review

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Gov. Pritzker Signs Legislation to Create Illinois SBIR/STTR Funding Match Program

Historic legislation signed by Governor Pritzker on Tuesday included creation of a new funding program that will advance Illinois startups who secure federal small business innovation grants. The equity-centric legislative package, which focuses on expanding economic access and opportunity across the state, adds a new Illinois Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Funds Program. This program provides a cash match for federal funds that help finance early-stage technology companies.  The Illinois SBIR/STTR Matching Funds Program will provide a state match of 50 percent, up to $50,000, for qualifying Illinois companies who receive a Phase I SBIR/STTR grant award. The Illinois Department of Commerce and Economic Opportunity (DCEO) will administer the Illinois SBIR/STTR Matching Funds Program. No details regarding eligibility or application processes have been released.  Illinois startups seeking SBIR/STTR grant funding can access assistance from the FAST Center at the University of Illinois Urbana-Champaign, which provides the resources, support, and expertise necessary to submit a highly competitive proposal. The FAST Center offers free technical assistance, mentoring, and training to technology entrepreneurs across the State of Illinois. Illinois previously had a SBIR/STTR matching program during the Blagojevich administration, but that funding expired more than a dozen years ago. Momentum to restore the funding reignited in 2019, when Senator Elgie Sims (D-17th) worked with iBIO and DCEO to introduce SB1608, legislation to reestablish a SBIR matching program in Illinois.  The Champaign-Urbana Tech CEO Roundtable — a coalition of tech CEOs located in the greater Champaign-Urbana area — wrote a letter in support of the legislation at that time. “The state currently pulls below its weight in SBIR funding received, ranking 13th nationally. Increasing the incentive to pursue SBIR funding will help growing companies bring innovative technologies to market in Illinois,” Ryan Shelton, CEO of PhotoniCare and chair of the CEO Roundtable, wrote in the 2019 letter. “State matching programs further encourage small businesses operating within their borders to apply for these types of awards.” Illinois is now the 23rd state (as of 2020) to establish a federal funds matching program, including neighbors Wisconsin and Iowa.

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