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    Research Park

    Community, Research Park

    Research Park Seeks Rezoning to Meet Industry Needs and Capabilities

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    CHAMPAIGN — In response to dynamic market conditions, the University of Illinois Research Park filed a rezoning application with the City of Champaign to reclassify two properties  currently zoned CO, Commercial Office to the I1, Light Industrial. The City of Champaign’s Plan Commission will meet on Nov. 20 at 4 p.m. to approve the request and forward it to the City Council. This reclassification will position UIRP to meet evolving industry needs through future land development, Research Park Executive Director Laura Appenzeller told The (Champaign) News-Gazette. “We want to be able to have the right type of development for our future to respond to both business attractions that is interested in being part of our tech community here in Champaign-Urbana, but also to be able to support our entrepreneurs,” she said.  The rezoning request covers two development parcels within the Research Park, encompassing areas east and west of Fourth Street between Hazelwood Drive and Gerty Drive. “Most of the growth of the research park has been office space and we are seeing a growth of new types of industries,” Appenzeller said. “And increasingly, these small businesses that we’re working with are looking to scale technologies to get closer to manufacturing.” The rezoning will enable the Research Park to support startups transitioning from incubator spaces to small-scale manufacturing and remove competitive disadvantages to attract new companies. “It does allow us to be more conducive to flexible users that might be in these new emerging technology areas,” Appenzeller said. “When you’re in multi-state competitions, you’re always trying to make sure that you’re prepared, and that was what led to this.” At the public hearing on Nov. 20, the commission will then forward its recommendation to the City Council, The City Council is tentatively scheduled to take final action on this rezoning at its Dec. 3 meeting.

    Research Park Seeks Rezoning to Meet Industry Needs and Capabilities Read Post »

    Partnerships & Acquisitions, Recognition & Awards, Research Park

    Research Park Executive Director Laura Appenzeller Named to IQMP Leadership Team

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    CHAMPAIGN — Laura Appenzeller, executive director of the University of Illinois Research Park, has been named to the leadership team of the Illinois Quantum and Microelectronics Park. Appenzeller will serve as Associate Director and Chief Operating Officer for the first-of-its-kind project, while retaining her position with the Research Park as Executive Director. The University of Illinois Urbana-Champaign is connected to IQMP through its leadership team, researchers in quantum science and role in supporting the newly formed IQMP LLC. Harley Johnson, a Founder Professor in Mechanical Science and Engineering, is serving as Director and CEO of the IQMP. Brian DeMarco, the IQMP’s Associate Director and Chief Technology Officer, is a professor in the U. of I. physics department and Director of the Illinois Quantum Information Science and Technology Center (IQUIST) housed in the Grainger College of Engineering. His research team has advanced the frontier of quantum science for over 20 years. “The Illinois Quantum and Microelectronics Park will bring innovation, job creation, and economic development to the South Side of Chicago and extend across every corner of our state. I’m thrilled to see such talented individuals step into leadership roles that will guide the day-to-day operations of the campus,” said Wilbur C. Milhouse III, Chair of the IQMP’s Board of Managers and chairman/CEO of Milhouse Engineering & Construction and a former member of the University of Illinois Research Park Board of Managers. A separate company of the University of Illinois Board of Trustees, IQMP’s governance structure utilizes Research Park’s model as a foundation and developed in the same spirit as a dynamic public-private partnership. While Appenzeller will leverage her extensive experience in advancing complex organizations encompassing federal, state, university and private sector partners for IQMP, she remains rooted in her role at UIRP. “I have full confidence in the Research Park team to handle day-to-day management and provide excellent customer service, while also advancing our strategic direction,” Appenzeller said. “This symbiotic relationship will result in long-term impact on both campuses.” IQMP will support the full ecosystem of companies, researchers, suppliers and other partners working to facilitate the development of quantum technologies, and will build on historic investments by Governor Pritzker and the state to further establish Illinois as a global hub for this emerging technology. Read more on WCIA’s website, or on the Crain’s Chicago Business website.

    Research Park Executive Director Laura Appenzeller Named to IQMP Leadership Team Read Post »

    Community, EnterpriseWorks, Events, Graduates, Recognition & Awards, Research Park

    Inaugural Founders Week at Research Park Celebrates Illinois Entrepreneurship 

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    The inaugural Founders Week, held Oct. 17-19 at Research Park, was an inspiring celebration of innovation at the University of Illinois Urbana-Champaign. “Entrepreneurship is a team sport,” said EnterpriseWorks Director of Entrepreneurship Gerald Wilson. “Founders Week is a recognition that we are all co-founders of the future of Illini Entrepreneurship.” Wilson was a key proponent in organizing the event, working closely with the Office of the Vice Chancellor for Research and Innovation, Illinois Ventures, the Technology Entrepreneur Center, and more partners across campus. Founders Week highlighted the university’s role in fostering groundbreaking ventures, which consistently ranks in the top five nationally for number of companies founded, founders, and capital raised. The event brought together founders, Illini Angels, active investors, ecosystem leaders, faculty, and students interested in entrepreneurship. View the event booklet for more event highlights and relevant resources Thursday, October 17 The Founders Week celebration kicked off with a Summit on Capitalizing New Ventures on Thursday, Oct. 17. Speakers led discussions on capital formation, attraction, and allocation to fund companies. The Summit was followed by a Founders Sandbox at, including a pitch workshop. Simultaneously, a campus tour took attendees through spaces on campus that are inventing the future, including the Institute of Genomic Biology, the Integrated Bioprocessing Research Lab, and EnterpriseWorks. That evening, the first “live” TechRise pitch competition in central Illinois invited historically underrepresented founders to compete for a $25,000 cash prize. Finalists included. Finalist: Oscar Azofeifa, PowerBox Technology, CEO Finalist: Aryan Indarapu, AVEA Robotics, CEO Finalist: Shrikar Lekkala, MetaFrazo, CEO & Founder Finalist: Ohm Vyas, ShotHawk, Co-Founder Winner: Tessabella Magliochetti, AmnioAlert, President & Co-Founder Thursday’s events concluded with EnterpriseWorks’ 20th Anniversary Homecoming Dinner. Friday, October 18 On Friday morning, Illini Angels held its meeting to foster community for experienced entrepreneurs and investors who invest in and mentor Illini founders. If you are interested in learning more about or joining this group, contact Paul Magelli. Later that morning, the Founders Technology Showcase began. This all-day event included panels, fireside chats, and more highlighting the hottest technologies being spun out of university research labs. Following the Founders Technology Showcase, a networking reception and startup expo allowed participants to meet more companies and turn Illini pride into a connected community Saturday, October 19 The final day of Founders Week included an Illinois Football Tailgate at EnterpriseWorks preceding the Illinois football game against Michigan at 2:30 p.m. Find more event photography in the Founders Week media gallery.

    Inaugural Founders Week at Research Park Celebrates Illinois Entrepreneurship  Read Post »

    Research Park, Social Events

    Founders Week 2024

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    Founders Week 2024 Research Park hosted its inaugural Founders Week celebration from October 17-19, 2024. This event celebrated our collective achievements in entrepreneurship, highlighting innovative ecosystems that foster groundbreaking ventures, empower countless entrepreneurs, and define the future of Illini Entrepreneurship. Participants included Illini Angels (alumni in angel investing and venture capital), angel groups, investors actively supporting startups in Illinois, entrepreneurship ecosystem leaders, faculty, and students interested in entrepreneurship.

    Founders Week 2024 Read Post »

    Community, EnterpriseWorks, Investments, Recognition & Awards, Research Park

    Illinois Ventures unveils Deep Tech Strategic Fund

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    Illinois Ventures, an EnterpriseWorks tenant and the venture capital arm of the U of I System, recently unveiled a new fund, the Deep Tech Strategic Fund. The organization is focused on helping students achieve their entrepreneurial dreams and has previously supported Research Park companies including DeepWalk, EarthSense, Natrion, PSYONIC, and more. The Deep Tech Strategic Fund is Illinois Ventures’ largest fund to date, consisting of $48 million from investors including the University of Illinois, Carle Health, and the University of Illinois Foundation. The fund, which targets the next wave of startups, is designed to fuel ideas that come from the University of Illinois ecosystem and is a testament to Illinois Ventures’ commitment to push the boundaries of innovation. Learn more about this investment fund on the Illinois Ventures website, Crain’s Chicago Business website, or connect with Illinois Ventures on LinkedIn.

    Illinois Ventures unveils Deep Tech Strategic Fund Read Post »

    Community, EnterpriseWorks, Investments, Recognition & Awards, Research Park

    FAST Center at Illinois receives funding renewal from US SBA

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    The U.S. Small Business Administration (SBA) announced that the Illinois FAST Center, hosted by Research Park, has received a five-year renewal of its funding. The FAST Center at the University of Illinois Urbana-Champaign provides one-on-one assistance, training, and workshops across the state to increase access to federal research funding for Illinois small businesses. From 2020 to 2023, the FAST Center at the University of Illinois served a total of 2,288 clients, 60% of which came from underserved populations. Clients were awarded a total of $67.2 million in SBIR and STTR funding. This award is one of 49 distributed by the SBA, which provide up to $200,000 to organizations supporting startups through specialized training, mentoring, and technical assistance under the Federal and State Technology (FAST) Partnership Program. “FAST funding, which fuels innovation to keep America competitive globally, has doubled under the Biden-Harris Administration,” said Administrator Isabel Casillas Guzman, head of the SBA. “At a time when we are seeing historic highs in our entrepreneurial activity with a small business boom, investing in America’s innovative startups is a top priority. America’s Seed Fund, powered by the SBA and fueled by 11 federal agencies’ SBIR and STTR programs, is the largest source of early-stage funding in the world. With FAST, we have now expanded our entrepreneurial ecosystem to nearly every state so that entrepreneurs with great ideas can invent it, commercialize it, and build it with America’s Seed Fund in every corner of America.” The Illinois FAST Center hosted America’s Seed Fund Road Tour in Champaign on July 17, 2024, allowing innovators, entrepreneurs, researchers, and small technology startups to connect with federal funding opportunities. Read the official press release on the SBA website. About FAST FAST provides small businesses and startups, particularly those in underserved communities, with specialized training, mentoring, and technical assistance for research and development. FAST’s objective is to strengthen the competitiveness of small businesses and startups across the country, particularly those from underserved communities to help them benefit from the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs. Through FAST, the SBA continues to play a critical role in creating inclusive entrepreneurial ecosystems and helping American entrepreneurs grow their networks and revenue opportunities with new capital. Learn more about FAST on the SBIR website. About the FAST Center at the University of Illinois The FAST Center at the University of Illinois Urbana-Champaign is led by EnterpriseWorks and provides free resources, support, and expertise necessary to submit a highly competitive proposal to help startups and companies bridge the gap between research and commercialization. It has helped companies acquire millions of dollars in federal SBIR/STTR funding at no cost to them.

    FAST Center at Illinois receives funding renewal from US SBA Read Post »

    Media Mentions, Research Park

    Rashid Bashir and Dennis Beard Appointed to Research Park Board of Managers

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    Rashid Bashir, the dean of Grainger College of Engineering at the University of Illinois Urbana-Champaign, and Dennis Beard, Managing Partner at Serra Ventures, will officially participate for the first time as newly appointed University of Illinois Research Park LLC Board of Managers in the upcoming meeting on Oct. 7. The Research Park is governed by the Board of Managers, a public-private board that consists of nine members. It meets three times a year to discuss Research Park operations. Its members are appointed by the U. of I. Board of Trustees. Bashir and Beard were approved by the Board of Trustees at its meeting on July 11, 2024. Bashir is currently the dean of the Grainger College of Engineering at U. of I. He holds the Grainger Distinguished Chair in Engineering, which fosters multi- and interdisciplinary studies and serves as a springboard for pioneering projects. Beard is a managing partner with Serra Ventures and is responsible for leadership and management within the venture capital firm. He has spent more than 20 years with the Illinois technology community and is a founding member of the university’s Entrepreneur-in-Residence program at the EnterpriseWorks incubator. Bashir will serve as one of the two faculty representatives on the board, replacing Jeffrey Brown, who recently stepped down as dean of the Gies College of Business and went on sabbatical. Dennis Beard joins the board as a private sector representative; longtime board member Rick Stephens recently completed his final term.

    Rashid Bashir and Dennis Beard Appointed to Research Park Board of Managers Read Post »

    EnterpriseWorks, Recognition & Awards, Research Park

    Inc. and Fast Company Recognize University of Illinois Urbana-Champaign as a Leader in Entrepreneurship Innovation

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    The University of Illinois Urbana-Champaign ranked No. 24 in Ignition Schools: Top 50 Institutions Revolutionizing Entrepreneurship by Inc. and Fast Company. Ignition Schools spotlights the top 50 universities globally with the most significant impact on entrepreneurship. According to Inc., “This inaugural list recognizes schools that excel in nurturing alumni founders, securing venture capital, and advancing technology …” The Ignition School ranking evaluates institutions based on specific criteria, including success in fostering entrepreneurial talent through VC funding, generating new startups, technology licensing and the number of successful alumni businesses.

    Inc. and Fast Company Recognize University of Illinois Urbana-Champaign as a Leader in Entrepreneurship Innovation Read Post »

    Events, Recognition & Awards, Research Park

    Caterpillar Celebrates 25 Years of Innovation at the University of Illinois Urbana-Champaign

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    Champaign, Illinois (Sept. 3, 2024) – Caterpillar Inc. today marked a significant milestone at the University of Illinois Research Park – 25 years of the Champaign Innovation Center. Caterpillar first opened an office at the Urbana-Champaign campus in 1999 to work with Caterpillar product groups, the National Center for Supercomputing Applications (NCSA) and University departments. Since that time, the Champaign Innovation Center has developed into a leading engineering hub for virtual product development, advanced simulation, data analytics and design solutions, while simultaneously contributing to Caterpillar’s recruiting efforts and talent pipeline building. “We are proud of our long-standing relationship with the University of Illinois Urbana-Champaign and the Research Park,” said Otto Breitschwerdt, Caterpillar Chief Technology Officer and Senior Vice President. “The Champaign Innovation Center is a place where academia and industry meet, and these diverse perspectives result in the development of new and exciting technologies.” Caterpillar has engaged students across campus to tackle the company’s core innovation challenges, providing experiential learning opportunities through an apprenticeship approach. Students learn and grow alongside full-time Caterpillar professionals in Champaign and on site at other company locations. The model has provided a blueprint replicated by many other corporate innovation centers at Research Park. “This milestone anniversary signifies the deeply intentional and impactful relationship between Caterpillar and the University of Illinois Urbana-Champaign, truly one of our cornerstone industry partners,” said Susan Martinis, Vice Chancellor of Research and Innovation at University of Illinois Urbana-Champaign. “As we look ahead to the future of innovation, we are confident that, together, we can provide opportunities for the next generation of talent and technology.”The company marked the anniversary with a celebration at its Research Park offices, bringing back past interns and company alumni. About Caterpillar Inc. With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html. About the Research Park at the University of Illinois The Research Park at the University of Illinois Urbana-Champaign is a technology hub that cultivates startups and advances corporate innovation. Within the Research Park there are 120 companies employing both students and full-time technology professionals. More information at researchpark.illinois.edu.

    Caterpillar Celebrates 25 Years of Innovation at the University of Illinois Urbana-Champaign Read Post »

    EnterpriseWorks, Recognition & Awards, Research Park

    University of Illinois Reclaims Top 10 Spot in PitchBook’s “Top 100 colleges by startup founders”

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    The University of Illinois has made a notable return to the top 10 in PitchBook’s annual “Top 100 Colleges by startup founders”, ranking No. 10 this year. This is the first time since 2020 that the university has achieved this status, underscoring the significance of this year’s ranking. Illinois is one of four public universities in the top 10. Rankings are based on data collected from tallying the number of alumni entrepreneurs who have raised capital in the last decade, with an analysis of nearly 167,000 venture capitalist-backed founders. Additional rankings for the university include Illinois alumni-founder companies have raised $21.1 billion in undergraduate startup capital and $15.9 billion in graduate capital through ventures like Generate, GRAIL, Farmers Business Network, Heyday and Plus. The university’s strong entrepreneurial spirit is reflected in the notable EnterpriseWorks startup graduates Ascent Integrated Tech and DeepWalk. Ascent is dedicated to improving first responders’ and warfighters’ safety and efficiency through technology that enhances situational awareness. DeepWalk Research, through its scanning software, helps improve pedestrian infrastructure to ensure accessibility to everyone.  For more information and the complete list, visit the PitchBook website.

    University of Illinois Reclaims Top 10 Spot in PitchBook’s “Top 100 colleges by startup founders” Read Post »

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