Research Park

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Research Park Occupancy Reaches All Time High

This year, Research Park occupancy reached an all-time high at a staggering 97 percent. With the welcoming of more agricultural, financial services, and global companies, collaboration between innovative businesses, students and faculty have never been greater. Research Park is now home to 110+ companies and employs more than 600 student interns. Laura Freichs comments on the increase of financial service insurance trading companies, or “FinTech” companies in Research Park, explaining, “I think that most people assume that companies like Google, Microsoft or Facebook are top employers, but one of the trends that we’re starting to see is an opportunity for FinTech companies to offer very exciting jobs.” FinTech company Country Financial opened their DigitaLab this year to develop mobile applications that enhance the customer experience and create brand awareness. Research Park has also welcomed new AgTech companies, such as AGCO, Syngenta, and Indigo Ag. Laura Freichs states that “The worlds of agriculture and technology have melded together, so you see a lot of the ag companies needing both agronomy expertise and technology expertise.” This year, Research Park has also welcomed Huawei, a global information and communication technology company based in Shenzhen, China to collaborate with students, scholars and researchers in exploring innovations in software technology. Research Park’s occupancy growth does not end there. On December 11, 2017, Brunswick Corporation, will have their grand opening, and Synchrony Financial, a credit card issuer to many retailers, will also have its opening soon. With occupancy growth comes architectural growth. In order to keep up with interest in the park, Research Park is opening two new buildings, the Mixed Use Building and the TDFV IV Building. This way, occupancy can continue to grow and companies can continue to foster Illinois’ top tech talent. Read the full story on the Daily Illini.

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News Partnerships & Acquisitions Research Park

COUNTRY Financial Partners with University of Illinois to Foster Technology Innovation

Champaign, Ill. – Nov. 3, 2017 – COUNTRY Financial is investing in student research with an eye on the technological needs of the future. The insurance and financial services company opened a digital innovation lab in the Research Park at the University of Illinois at Urbana-Champaign this fall. The DigitaLab has been established by the COUNTRY Financial Information Technology Services (ITS) Department to develop and innovate digital projects, with an emphasis on mobile app development. “With a top-five ranked engineering and computer science program, the U of I is a perfect partner as we grow our digital skills and reach out to new talent,” said Kurt Bock, Chief Executive Officer at COUNTRY Financial. The University of Illinois Research Park, which connects private industry with faculty researchers and students, has more than 110 resident companies including leading corporations and deep-tech startups. “COUNTRY Financial’s interests match many strengths of our campus, from agriculture to finance to computing,” said University of Illinois at Urbana-Champaign chancellor Robert Jones. “The new DigitaLab will provide even more experiential learning opportunities for our students.” Putting a team in place Full-time site manager Julia Hart was named in September to lead the efforts at the DigitaLab, which has 2,600 square feet of work space. She will supervise 10-12 students who will work in the lab at U of I and act as the liaison to the University and other COUNTRY employees. A bright future Recruitment efforts are underway to find students who will be on the front lines of application development and enhancement. “The DigitaLab will help us explore new ways of working but also provide a growth opportunity for students just beginning their careers.” Brad Hildestad, Executive Vice President and Chief Information Officer at COUNTRY Financial. “It’s an exciting environment to experiment with our digital capabilities understand what we can do and iterate further. We can’t wait to get started.” About COUNTRY Financial®            COUNTRY Financial® (countryfinancial.com) serves about one million households and businesses throughout the United States. It offers a wide range of financial products and services from auto, home, business, farm and life insurance to retirement planning services, investment management and annuities. Find news coverage of this event here and here.  View photographs from the event here.  

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News Research Park

Indigo Agriculture, Boston’s “Unicorn Startup,” to open office in Research Park

September 29, 2017: Indigo Agriculture, an ag-tech startup that began in Massachusetts, is opening an office in Research Park to add to the growing number of ag-tech companies in the park. Indigo Agriculture treats the seeds of America’s most important cash crops so they become more disease resistant. It treats the seeds with a combination of naturally occuring bacteria and fungi that are already found in plants. This treatment makes it so that farmers have a better chance at producing disease-free crops that can ward off the harmful effects of drought, poor soil, and pestilence. Investor enthusiasm is growing fast, as the company announced on Tuesday that it had raised $156 million, giving the company a valuation of $1.4 billion. To read the full story, click here.

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News Research Park

Agrible Raises $9.7m of $15.7m for Series B Funding

Agrible, an agtech startup located in the Research Park, has raised $9.7 million out of a $15.7 million Series B round of funding. Investors include Maumee Ventures of the Andersons Grain handling company, Flyover Capital, Archer Daniels Midland, Serra Ventures, and a new investor, iSelect Fund, which is a venture capital fund for high net worth investors in the MidWest.  Agrible plans to use some of the Series B funding to increase the number of integrations with third party providers that are looking to be incorporated into Agrible’s platform of products and services. Current integrations include MyJohnDeere, a tool called DriftWatch that measures environmental impact, satellite imagery startup AstroDigital, CropCopter, and more. Additionally, the funding will go toward scaling the company’s goal of sustainablity. Cynthia Bruno, chief strategy officer at Agrible, believes that this Series B round of funding proves that Agrible is a leader in the agtech industry at working to create a sustainable supply chain. Since 2007, Agrible has been making strides in the farming and agriculture community and working toward the goal of increasing food production by 60% by 2050. Founders Bill Northcott, Chris Harbourt, and Paul Miller met in 1997 while working toward higher degrees at the University of Illinois. The three of them realized they had some ideas that were a little too advanced for the technology of the time period, and they would need some help reaching their goals and achieving their dream. In 2013, Agrible opened an office at the EnterpriseWorks incubator where they had more access to resources that were needed to bring their products to fruition. With the help of resources available at the Park and at the University, Agrible launched its first product, Morning Farm Report, and made connections in the community with growers and other Research Park companies. Venture capital firm Serra Ventures is also located in the University of Illinois Research Park. Find updates to the story here.

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News Partnerships & Acquisitions Research Park

Granular Acquired by DuPont in Efforts to Help Farmers Run More Profitable Businesses

August 9, 2017: DuPont, a world-renowned science and engineering company that focuses on agriculture and nutrition, advanced materials, and bio-based industrials, has aquired Granular, a San Francisco agriculture software company that has its regional headquarters at the University of Illinois Research Park. The purpose behind this aquirement is primarily to accelerate the digital agriculture strategy, which will lead to farmers running more profitable businesses. Since being founded in 2014, Granular has made its mark on the agriculture industry as a company that makes it easier for farmers to manage a large farm and use pinpointed data to make calculated and accurate business decisions. In addition, Granular operates AcreValue.com, which is currently the leading digital marketplace for farmland real estate. Sid Gorham, Granular’s co-founder and CEO, will continue as the the leader of Granular, as well as the new leader for Digital Agriculture for DuPont. This will include responsibility for Encirca services, which is DuPont’s agronomic software business. This aquisition will connect growers, analytics, and public and private data, which will enhance Granular and DuPont’s mutual dream of a more digitally connected and sustainable agriculture industry. James C. Collins, DuPont’s Executive Vice President, said “This aquistion is an important component of our commitment to leading and shaping the agtech market.” Delivering more value to growers throughout the world is a vision that has been shared by Granular and DuPont, even before aquistion. “We started Granular to make an big impact on the business of farming” said Sid Gorhman.  “I am confident that as a part of DuPont we will make a bigger impact even faster. Dupont shares our vision for using technology to help farms improve their dollar yield, not just their bushel yield. We are excited to pursue that vision together.” Granular will continue to maintain its office in the Research Park. To read the full press release, click here.

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News Recognition & Awards Research Park

Oath (Yahoo) at the Research Park Leads $1 Million Donation to Local Champaign-Urbana Charities

The Yahoo Employee Foundation (YEF) will award nearly a million dollars in grant money to three local not-for profits at a brief ceremony this Wednesday July 12 beginning at 12:30pm on the Oath (Yahoo) campus 1908 S. First Street in Champaign. Habitat for Humanity of Champaign County, Don Moyer Boys & Girls Club, and the Eastern Illinois Foodbank will each receive checks for $320,000 from YEF based on the strong partnerships and high program impact from previous YEF funding. Champaign, IL  The Yahoo Employee Foundation (YEF) will award nearly a million dollars in grant money to three local not-for profits at a brief ceremony this Wednesday July 12 beginning at 12:30pm on the Yahoo campus 1908 S. First Street in Champaign. Habitat for Humanity of Champaign County, Don Moyer Boys & Girls Club, and the Eastern Illinois Foodbank will each receive checks for $320,000 from YEF based on the strong partnerships and high program impact from previous YEF funding. Through YEF, Yahoo employees have been able to champion important causes and impact organizations around the world. Since 2000, YEF awarded over $35 million through more than 1,200 grants to organizations chosen by Yahoo employees. With the acquisition of Yahoo by Verizon, YEF will be distributing the balance of remaining funds, including the three local organizations selected by their effective use of YEF funding in previous funding cycles. Sheila Dodd, of Habitat for Humanity, Sam Banks, of Don Moyer Boys & Girls Club, and Jim Hires, President and CEO of the Eastern Illinois Foodbank will be on hand Wednesday to receive the funds and provide acknowledgements for these generous donations.

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News Partnerships & Acquisitions Research Park

Hailong Ning of Xerion Advanced Battery Corp. Talks New Location and Research Park

Hailong Ning, Director of Research and Development at Xerion Advanced Battery Corp., was featured on the Wired In column of The News-Gazette. The startup recently graduated in 2017 and has just finished building its second location in Dayton, Ohio. Xerion Advanced Battery Corp. (XABC) develops advanced batteries through a nanostructured electrode architecture, called StructurePoreTM. Hailong explains that “the technology we are working on is top-notch. We work at a much faster pace than big companies and university labs.” Apart from their pilot plant location in Ohio, Hailong states that the company still has a division at Research Park, with the goal to continue close work with the University of Illinois. They will use their space at Research Park to work on new battery designs. Read the full story on The News-Gazette.

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News Partnerships & Acquisitions Research Park

Aptimmune Biologics of Research Park launches PRRSV vaccine

Aptimmune Biologics Inc. recently launched the worlds first commercially available mucosal autogenous PRRSV vaccine for swine, administered via nasal spray. The vaccine was made with BARRICADE formulation technology, which offers a revolutionary approach to PRRSV management. Dr. Bob Nordgen, Aptimmune Biologic Consulting Immunologist says, “The intent is to create immunity at the respiratory surface, where the pig is naturally challenged. This vaccine offers a real opportunity to address a significant gap in disease control that still exists years after PRRSV was first identified.”

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News Research Park

UIRP Hosts AURP’s Introduction to Research Parks Program

The University of Illinois Research Park will be the first stop of the Introduction to Research Parks program put on by The Association of University Research Parks. Attendees will attend various sessions and courses throughout the two-day event, as well as tour The Research Park and EnterpriseWorks technology incubator. With 100+ companies on campus, including both corporate research and tech operations and startups alike, those who attend the Introduction to Research Parks at The University of Illinois Research Park will learn the how’s and why’s that led to the park’s successful and growing public-private partnership. Established in 1986, The Association of University Research Parks serves more than 700 research parks across the world in order to foster innovation, commercialization and economic growth in a global economy through university, industry and government partnerships.

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News Partnerships & Acquisitions Research Park

Graybar Opens Innovation Lab at Research Park

Graybar and University of Illinois Announce the Opening of the Graybar Innovation Lab at Research Park CHAMPAIGN, Ill. (May 1, 2017) – Graybar and the University of Illinois today announced the grand opening of the Graybar Innovation Lab at Research Park. At this facility, Graybar will collaborate with University of Illinois students and faculty to develop industry-leading digital capabilities that strengthen its position in the supply chain. “Graybar has a long history of innovation, dating back to the original founding of our company,” said Kathleen M. Mazzarella, Graybar Chairman, President and CEO. “We’re proud to continue that tradition here at Research Park. The Graybar Innovation Lab will accelerate our digital transformation by combining leading-edge technology with fresh ideas from the University of Illinois’ students and faculty. I’m excited to see how this collaboration will drive supply chain innovation and raise the bar for our entire industry.” The Graybar Innovation Lab at Research Park also provides a unique opportunity for students to become familiar with Graybar and the wholesale distribution industry, as the innovation lab will provide full- and part-time positions for undergraduate and graduate students. “We’re always looking for bright, energetic individuals to join our company,” said Mazzarella. “This will give students a way to explore potential career paths within wholesale distribution.” “We’re excited to welcome Graybar and its new Innovation Lab. This is a great first step in our relationship with Graybar but also clearly reinforces our commitment to working with industry partners,” said Chancellor Robert J. Jones. “By tapping into the broad diversity of talent here, Graybar will offer University of Illinois students new opportunities that will expand their skills and education in ways that go far beyond the classroom.” The University of Illinois Research Park is home to innovation centers for multinational corporations and publically traded firms including Abbott, ADM, Anheuser-Busch InBev, Caterpillar, Capital One, CME Group, John Deere, State Farm, and Yahoo. About Graybar Graybar, a Fortune 500 corporation and one of the largest employee-owned companies in North America, is a leader in the distribution of high quality electrical, communications and data networking products, and specializes in related supply chain management and logistics services. Through its network of 290 North American distribution facilities, it stocks and sells products from thousands of manufacturers, helping its customers power, network and secure their facilities with speed, intelligence and efficiency. For more information, visit www.graybar.com or call 1-800-GRAYBAR. Read more coverage from The Daily Illini, Smile Politely, and The News-Gazette. View photos from the event here.

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