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EnterpriseWorks News Recognition & Awards Research Park

EarthSense selected for John Deere Startup Collaborator program

EarthSense, a startup located at the EnterpriseWorks incubator, was selected to participate in John Deere‘s 2020 Startup Collaborator program.  This program was started in 2019 to help strengthen Deere’s relationship with startup companies with technology that’s proven beneficial to John Deere customers. EarthSense was one of four companies chosen for this year’s program. John Deere selects startup companies who are transforming agriculture with their technology. The companies selected for the 2020 Startup Collaborator program include: DataFarm – A Brazilian company building digital tools to recommend climate-smart agricultural practices to optimize farmers’ return on investment FaunaPhotonics – A company from Denmark building technology for real-time pest detection to ensure sustainable crop management and improve tools for pest control. Fieldin – An Israeli company working on data management tools for specialty crops EarthSense – A company from Champaign, IL building novel sensing methods to improve in-field data collection EarthSense was founded in 2016 by Chinmay Soman and Girish Chowdhary. The company develops ultracompact autonomous robots that use machine vision and machine learning to collect and convert field data into useful information. Their first robot, TerraSentia, is revolutionizing agriculture. John Deere’s Technology Innovation Center is located at the University of Illinois Research Park. The Research Park provides an collaborative space for startups and corporations, like EarthSense and John Deere, to collide.

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EnterpriseWorks Investments News

Revolution Medicines Seeks $100 Million IPO

EnterpriseWorks graduate Revolution Medicines filed for an initial public offering of $100 million on January 17, 2020. The company applied for the Nasdaq stock symbol RVMD. This filing comes shortly after Revolution Medicines presented preliminary data from their phase 1 clinical trial which is being conducted under an agreement with Sanofi. Revolution Medicines has a history of securing funds to continue their research to develop more effective drugs that aim to target diseases that have previously been impossible to target. In July 2019, the company secured $100 million to target the RAS pathway; in April 2018, the company raised $56 million to continue their SHP2 program; and in early 2015, Revolution Medicines got a kick start with a $45 million investment from Third Rock Ventures. The company started in 2014 in the Research Park incubator, EnterpriseWorks, under the name Midasyn.  There, they developed technology based on research conducted at the University of Illinois Urbana-Champaign by the company’s founder Dr. Martin Burke. This technology focused on targeting molecules that have been inaccessible for drug development. Essentially, Revolution Medicines set out to drug the undruggable. Since their start, Revolution Medicines has evolved into a precision-oncology company. Learn more about Revolution Medicines by visiting their website here.

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EnterpriseWorks Features Media Mentions News

EarthSense, Featured on OneZero about Autonomous Tractors

EnterpriseWorks agtech startup EarthSense was featured in an OneZero Article about the regulations on autonomous tractors in January. This article stresses the importance of the freedom to send autonomous tractors over farm fields without much, if any, regulatory interference or risk of injuring humans helps speed the development of better technology. Cofounder Girish Chowdhary says “The challenge with agriculture is that the environment can be very different in different fields.” EarthSense, a company that develops ultra-compact autonomous robots was founded in 2016 by University of Illinois researchers and entrepreneurs Chinmay Soman and Girish Chowdhary. This past month, the company received Phase II SBIR funding from the National Science Foundation. This award will allow the startup to continue work toward large-scale deployment of TerraSentia for agricultural research and product development.  To read the full article by OneZero, click here.

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News Recognition & Awards Research Park

Research Park Companies Made a Splash at CES

Corporations with innovation centers at the University of Illinois Research Park made a splash (no pun intended, Brunswick Corporation) at CES 2020, and we were there to capture it. Members of the Brunswick I-JET intern team, under the leadership of site director Troy Kollmann, guided visitors through various AR and AI tools built at Research Park. Kollmann was quoted about the AI technology in The Wall Street Journal. AARP Tech Nest site director Miranda Kemp showcased a prototype for an AR tool that helps older adults age in place, by making their homes safer and easier to manage. Kemp pitched the idea as part of an internal company hackathon and led its development. It’s not every day a John Deere sprayer shows up in Las Vegas. That’s exactly what was on the CES floor, with some of the company’s best technologists – including former John Deere Technology Innovation Center site director Julian Sanchez – to show the self-driving, remote sensing, GPS, precision imaging, machine learning enabled machine. It is great to have a strong Illinois contingent at CES, including University of Illinois Research Park’s Laura Frerichs and Laura Weisskopf Bleill , NCSA’s Brendan McGinty and Neil Andrews, and Katheryne Rehberg from the Office of Corporate Relations.

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EnterpriseWorks Graduates News Recognition & Awards

EnterpriseWorks Graduate PhotoniCare Announces FDA Clearance for First-In-Class Technology for Imaging the Ear

PhotoniCare, Inc., a company dedicated to revolutionizing healthcare by providing physicians with better diagnostic tools, today announced that the U.S. Food & Drug Administration (FDA) has granted 510(k) clearance for its TOMi™ Scope for non-invasive imaging of the middle ear. Using optical coherence tomography (OCT) high resolution depth imaging, TOMi Scope helps to determine the presence or absence of fluid in the middle ear and to characterize the fluid type. “Current tools can only provide a view of the surface of the eardrum, forcing physicians to make an assessment with very limited information, or to employ invasive surgical procedures to accurately identify middle ear pathologies,” said Diego Preciado, M.D., Ph.D. of the Children’s National Hospital in Washington, D.C., a lead investigator for clinical studies of the device. “TOMi Scope’s advanced light-based technology could dramatically alter the way children with ear problems are evaluated, enhancing our ability to inform optimal treatments.” Middle ear infections are the leading cause of hearing loss, surgery and antibiotic use, especially in children. Affecting more than 80% of children, they are misdiagnosed up to 50% of the time using the current gold standard, examination via otoscope.[i] Children can suffer from recurring ear infections for six to 12 months before they are referred to an ENT specialist, and are often prescribed increasingly potent antibiotics during this time. More than one million tube surgeries are performed in the U.S. alone every year. “Clinicians seeking to be more accurate and confident in their assessment of middle ear fluid and fluid type will find this new technology using light wave detection very helpful,” said Michael Pichichero, M.D., Director of the Rochester General Hospital Research Institute and Research Professor at the Rochester Institute of Technology in New York. “The fact that it works well even in the presence of significant wax build-up is of great value. Wax continues to be a huge problem in middle ear diagnosis.” “At PhotoniCare we set out to solve the massive problem of frequent misdiagnosis of middle ear infections, and the overuse of antibiotics and referrals to surgery in children that result,” added PhotoniCare co-founder & CEO Ryan Shelton. “We thank the FDA for clearing our TOMi Scope under a new product code unique to our technology, and look forward to bringing this innovation to doctors and patients very soon.” PhotoniCare expects to immediately launch the TOMi Scope in a limited release in select U.S. geographies, with a full national launch later in 2020. About PhotoniCare Founded in 2013, PhotoniCare’s mission is to revolutionize healthcare by providing physicians with better diagnostic tools, starting with the TOMi Scope™, the first and only otoscope to provide non-invasive imaging of the middle ear using a novel application of Optical Coherence Tomography (OCT) to directly visualize and characterize fluid in the middle ear, a necessity for the diagnosis of  middle ear infections. PhotoniCare has developed a patented imaging platform technology that provides growth opportunities beyond otology (study of the ear). Peer-reviewed studies show that the same handheld OCT technology can be used to image other areas, such as the anterior and posterior segments of the eye, the skin, and in the mouth. PhotoniCare has been recognized by numerous organizations, winning the 2018 MedTech Innovator Execution Award and the 2018 AdvaMed Accel Virginia Shimer Rybski Memorial Award. The company was also a member of the 2016 Dreamit Ventures accelerator program and recently took first place at the 7th Annual Insight Product Development 2019 HealthTECH Startup Competition. PhotoniCare has received more than $4 million in support from the National Institutes of Health, most recently a Phase SBIR I award for work in artificial intelligence. In 2015, PhotoniCare was the winner of a grant from the National Capital Consortium for Pediatric Device Innovation (NCC-PDI), an FDA-funded consortium led by Children’s National Hospital.   This press release originally appeared on PhotoniCare’s website. This story was also featured by WCIA. See their coverage here.

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Community Events News Research Park

Illinois Conference Center Expansion Celebrated with Groundbreaking Ceremony

Representatives from campus and community gathered to celebrate the groundbreaking of the Illinois Conference Center expansion on Monday, Nov. 25. The Conference Center expansion will add 32,500 square feet to the facility, nearly doubling its size. The $13 million project will include a 12,500 square foot exhibit hall and add roughly 140 parking spaces. The expansion will provide the campus and community with a dynamic event space that can hold more than 600 attendees at one time. The building is scheduled to be completed in September of 2020. “The expansion of the Illinois Conference Center is the result of the university’s commitment to serve our students, staff, faculty, and the Champagin-Urbana community,” said Danita M. B. Young, Ph.D., Vice Chancellor for Student Affairs.  “The expanded Conference Center will serve as a gathering, learning, and networking space for a larger number of patrons than we have ever been able to engage with previously. The new modern facility will provide students with the opportunity to display and discuss what they are learning in classrooms and labs, gain access to expert speakers, and discover chances to expand their knowledge, thanks to the access the larger conference space will provide.” Located adjacent to the I-Hotel, the Conference Center has been a fixture in Champaign-Urbana since 2008. A public-private partnership, the Conference Center is owned and operated by the University of Illinois at Urbana-Champaign, while the hotel is owned and managed privately. “The first exposure many people have with the Research Park is the iHotel and Conference Center, which makes it an important part of our outreach,” Research Park executive director Laura Frerichs said. “In addition to hosting companies and organizations for collaboration, conferences, and events, it is a place that bridges the university and the community.” Currently the Illinois Conference Center hosts over 3000 events per year, and there are already 2000 on the books for 2020. The project addresses the concern that the community has been unable  to cater to large conferences of 700+, including meetings of interest to Illinois faculty as well as meetings for Illinois-based associations and business. “To this point we’ve been selling a concept,” said Jayne DeLuce, President and CEO of Visit Champaign County. “After today it’s a reality. We are ready to bring in more and more business.” The project is being constructed by Fox/Atkins Development, the development partner of the University of Illinois Research Park. This story was featured in the News Gazette. Read their coverage here.

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EnterpriseWorks News Research Park

Susan Martinis Named Vice Chancellor for Innovation and Research

On November 7, 2019, Chancellor Robert J. Jones announced that Susan Martinis accepted the offer to become the vice chancellor for research and innovation at the University of Illinois at Urbana-Champaign. Dr. Martinis was appointed as interim vice chancellor for research in September 2017. According to Chancellor Jones, “Since taking on the role, Dr. Martinis has provided stellar performance, collegiality, creativity and agility in leading some of the most complex and pioneering activities in the Urbana-Champaign research enterprise. Her accomplishments during this period are impressive, and the addition of ‘innovation’ to the VCR title reflects the breadth of her portfolio and scope of her impact.” Further accomplishments include the transition of the Research Park and EnterpriseWorks back to the Urbana-Champaign campus and supporting the Illinois Program for Research in the Humanities as it moves towards IBHE-approved institute status. Additionally, The Cancer Center at Illinois and the Center for Social and Behavioral Sciences became the 8th and 9th university-wide research centers during Dr. Martinis’ time as interim vice chancellor. EnterpriseWorks and the Research Park thank Dr. Martinis for her support and applaud her for her extensive work at the University of Illinois at Urbana-Champaign. For more information, view the Illinois News Bureau article here.

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EnterpriseWorks Graduates News Recognition & Awards

EnterpriseWorks Graduate SNOOZ Raises $1.35 Million

SNOOZ, an EnterpriseWorks graduate, raised $1.35 million in a seed round led by Serra Ventures. Founded in 2015 by Matthew Snyder and Eli Lazar, SNOOZ  has developed a white noise machine designed to improve sleep. The product is designed for both the hospitality industry and at-home use.  Lazar is an alumus of the University of Illinois, where he studied Mechanical Science and Engineering. “As sleep has emerged as a key focus of the health and wellness space, we think we’re in a perfect position to help improve the bedroom environment for millions around the world. To that end, we’re thrilled to have the support and investment of Serra to help us accelerate our roadmap and continue spreading the good SNOOZ,” CEO and Co-founder Matthew Snyder said. Serra Ventures, located in downtown Champaign, is a venture capital firm that invests in technology companies and works alongside entrepreneurs to develop strategic business development plans. Several of its partners are Entrepreneurs-in-Residence at EnterpriseWorks. Read the original press release here.

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EnterpriseWorks Graduates Media Mentions News

Personify Named One of Crain’s Chicago’s Most Innovative Companies

EnterpriseWorks graduate Personify landed in the top 10 on Crain’s Chicago’s Most Innovative Companies list. The company was named number 4, but this isn’t the first time Personify has appeared on the Most Innovative Companies list. Crain’s Chicago Business named Personify tenth on the list in 2018. Personify was founded in 2009 by University of Illinois Professor Sanjay Patel and his colleagues Minh Do and Wen-mei Hwu. The company has developed advanced video technology that allows users to have an immersive video experience. Users can use Personify’s “virtual green screen” to blur video background or customize their background. Learn more about Personify’s technology here.

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Events News Partnerships & Acquisitions Research Park

Greenhouse Groundbreaking at the University of Illinois Research Park

Representatives from the University of Illinois at Urbana-Champaign and the Bill & Melinda Gates Foundation broke ground Wednesday, October 23 on a new, state-of-the-art greenhouse in the Research Park. The planned greenhouse will support a research project, “Realizing Increased Photosynthetic Efficiency” (RIPE) for sustainable increases in crop yield, led by Illinois researchers Steve Long and Don Ort. RIPE is funded by the Gates Foundation, the Foundation for Food and Agriculture Research, and the UK Government’s Department for International Development.     The greenhouse will be a modern plant phenotyping facility and joins a growing agtech cluster in the Research Park that includes major global seed companies, equipment manufacturers, retailers, and bioprocessing leaders. “The RIPE project is a spectacular example of the way Illinois is leading forward to sustainably feed our growing global population. Advancements in the digital agriculture space, including this phenotyping facility and our new Center for Digital Agriculture, are needed to make that goal a reality. We’re grateful to the Gates Foundation, as well as Drs. Long and Ort, for their commitment,” said Kim Kidwell, Dean of the College of Agricultural, Consumer and Environmental Sciences at Illinois.     Located on Fourth Street, just south of St. Mary’s Road, the building will be owned by the University of Illinois and operated by the College of ACES in collaboration with the Carl R. Woese Institute for Genomic Biology. Fox/Atkins Development will construct the greenhouse, with September 2020 as the projected completion date.

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