ImmuVen plans to engineer and develop T cell receptor proteins through contract research and strategic partnerships with pharmaceutical and biotechnology companies. Signed a licensing agreement with Abbott Labs.ImmuVen’s internal discovery program will include drug candidates with proven pre-clinical efficacy against serious infectious diseases Will exploit the broad coverage of its IP position in the area of T cell receptor proteins for use in a range of diseases (cancer, autoimmune diseases) through key strategic partnerships.
Enterprise works overview 2013 v2
The University of Illinois Research ParkENTERPRISEWORKS OVERVIEW
University of Illinois at Urbana-Champaign at a Glance One of original 37 land-grant institutions Faculty and alumni have earned 23 Nobel Laureates 17 Pulitzer Prizes 2,061 tenured faculty members 44,520 Students 33,811 undergraduate and 10,709 graduate and professional 6,491 international students, more than any other public university in the US $600 million in annual research 150 + centers, laboratories, and research institutes with experience ininterdisciplinary groundbreaking research Among the top universities in number of patents and inventions The College of Engineering is one of the most prestigious and largest engineeringinstitutions in the nation (top 5 ranking from US News & World Report). Top 5 ranked program with more engineering students than the top 4 universities combined Top ranked Graduate School of Library & Information Science, Labor andEmployment Relations, Accounting, Management Information Systems, AgricultureEngineering.2
University of Illinois Connectionsto World Changing Inventions3
University System for Technology Commercialization• 2000: University of Illinois formalizes technology-based economic development“mission” of the University.• University adds resources to facilitate technology commercialization• Technology commercialization units report to the UI Vice President of Research4OTM OfficesEvaluation, IPprotection,marketing, licensingExistingCompaniesIllinoisVENTURESNew companyfunding andservicesResearchParksEnterpriseWorksNew companyincubationUI’s SeamlessSystem of ResourcesRESEARCHINNOVATIONCOMMERCIALIZATION$600 Million UIUCResearch BudgetAnnually200 Disclosuresannually at UIUC$65 Million in EarlyStage Investmentfunding fromIVentures145 Startupsin 10 Years
RESEARCH PARK AT THE UNIVERSITY OF ILLINOIS• The Research Park at the University of Illinois provides an environmentwhere technology-based businesses can work with the research faculty andstudents on collaborative research and access UI services.– 200 Acres adjacent to campus, developed with a private partner, 13 buildings– $81 Million annual payroll, 1400 employees including 375 students at a time– Year-round internships for students to work with companies• The Research Park has 90 companies and employs people in high-tech jobs– Fortune 500 firms: Yahoo, Caterpillar, State Farm, ADM, Sony, Raytheon, Citrix, Abbott, Dow, Deere– 38 companies currently in the EnterpriseWorks startup incubator (145 startups since it opened)• Named by the Association of University Research Parks as the2011 Outstanding Research Park5
UI Research Park Area6RESEARCH PARK CAMPUS LOCATION
ENTERPRISEWORKS INCUBATOR• EnterpriseWorks (EW) is a 43,000 sq ft startup business incubator in the Research Park forearly stage tech firms. It is owned and operated by the University of Illinois to help launchsuccessful start-up companies.• Named by Inc.com as one of 10 “Incubators to Watch” in 20117Company Founders: 89% ofEnterpriseWorks clients arefounded by University ofIllinois Entrepreneurs. Themajority are started byfaculty/professors from UIUC. 58%9%11%9%11%FacultyStaffStudentAlumniExternal28%18%40%14%Bio/Medical CleanTech IT Other*Other includes: consulting, materials, electronics
Research Park: A Vibrant Tech Communityentrepreneurshipbuilding communitycorporate innovation8
9COMPANY COUNT BY UIUC DEPARTMENT6432128131221112532210510152025 EngineeringLASACESAviationBusinessEducationVet MedMediaCurrent Clients:FounderCollege, 63%
STARTUPS ATTRACTING FUNDING10Our incubating companies raise funds from VCs, angels, corporate partners, and SBIR funding.$526,288,450 in outside capital raised by EnterpriseWorks incubated companies$67,700,000$293,893,450$7,325,000$157,370,000Biotech Cleantech Materials/Nanotech Software/ITBiotech 14Cleantech 12Materials/Nanotech 4Software/IT 31Number of firms receivinginvestments by sector*Includes total funds raised by companies, approximately $160 million raised while companies were located in the incubator.
STARTUPS ATTRACTING FUNDING11UIRP received over $37 Million from 2004 through 2012UIRP received 14% of amounts awarded in Illinois in 2012Free SBIR technical assistance program through EnterpriseWorks, Dave Kellner$3,268,738.00$4,793,757.81$2,008,570.02$2,790,223.00$6,176,309.00$3,631,024.39$5,469,374.00$3,549,151.00$5,760,111.00$-$1,000,000.00$2,000,000.00$3,000,000.00$4,000,000.00$5,000,000.00$6,000,000.00$7,000,000.002004 2005 2006 2007 2008 2009 2010 2011 2012TOTAL SBIR/STTR AWARDS IN RESEARCH PARK
STARTUPS GRADUATION DATAENTERPRISEWORKS INCUBATION PROGRAM12• The incubator program is designed to graduate startups within 3-5 years uponentering the incubator to keep the space reserved for early stage companies• The incubator graduates approximately 1/3 of its tenants annually• 15 firms have graduated from the incubator into space in the Research Park27% 26%29%23%39% 38%32%34%0%5%10%15%20%25%30%35%40%45%2004 2005 2006 2007 2008 2009 2010 2011% of Clients Graduating/Leaving AnnuallyCompanies still in business aftergraduation has mostly remained localOf graduates, location in Research Park 27%Of graduates, location in Champaign County 54%Of graduates, location in Illinois 67%Of graduates, located out of state or US 33%6%62%33% AcquiredIn BusinessOut of BusinessIncubator Graduates Business StatusClient performance: tracking since 2003
ENTREPRENEURS-IN-RESIDENCE (EIR)13Chad StieningMentorManagement &CEO of Kyphamedicaldiagnostics firmTim HoerrSerra Ventures &Cbana, Immuven,GamedaySports, StripedSail, CPA, Valuation expertDennis BeardSerra Ventures &Open PrairieVentures CFO,UI Business Adj.Faculty - FinanceJed TaylorJLT Consultingand PatternInsight, SiebelScholarEIRs are local-experienced tech entrepreneurs that have commercializedtechnology, hired by the Research Park to consult startups– The EIRs provide advice on business development, legal issues, attractinginvestment, revenue creation, and engagements with industrial clients.– They also provide entrepreneur training on business topics monthly– Helps fill early management guidance for startups– Paid for by the Research Park to help UI entrepreneurs access free consultingAlan SingletonSingleton LawFirm, specializesin tech startupsand IPLori PattersonOwner/CEO of Pixosoftwaredevelopmentfirm, formercorporateconsultant, engineer
I-START PROGRAM14I-Start Entrepreneur ServicesService Types Legal Services Business Planning SBIR Assistance Financial andPayroll ServicesStudent SharedServices CenterScope ofServices• Initial CompanyFormation, bylaws,application for FEIN(filing fees paid byentrepreneur)• Stockholderagreements andcertificates• Stock option plan• EmploymentAgreement• Non disclosureagreements• Write Business Planwith inventor input• Market Research• FinancialProjections• Recommendationon sources ofcapital• Assistance withhiring andincorporationdecisions• Findingsolicitation andagency fit• SBIR processguidance• Draft budget• Writingassistance• Help with lettersof support• ProjectManagement• Registrationsand Submission• Payroll admin• QuarterlyFinancialStatements• AssistancewithQuickbookssetup for thebusiness• Market research• Presentationassistance• Initial templatewebsite• Logo assistance• Social media,adwords• IT/Computersystem setup(up to 100 hours ofstudent work)• Negotiated service packages with service providers that focus on tech startups• Competitive awards for 50-90% of the cost of services paid by EnterpriseWorks• Focused on faculty entrepreneurs licensing UI technology• 24 initial clients since launching in October 2011, follow-on funding of $7 million +
STUDENT SHARED SERVICES PROGRAM• EnterpriseWorks student service teamprogram to help entrepreneurs in theResearch Park with project needs.• We hire a diverse team of student specialiststo help work on projects for startups that areshort term in length.• Projects examples include: Market research,presentation development, business planassistance, beginning a website presence,logo development, public relationsassistance, user interface design, lab setupservice and training on equipment.15
DESIGNER-IN-RESIDENCE16The Vice President for Research has engaged Dr. DeanaMcDonagh, Chair of the Industrial Design Program in the School of Art +Design as a Designer-in-Residence.In this role, she assists University of Illinois inventors and entrepreneursto incorporate product design in their technology development to helpimprove user experiences and performance of products to meetcustomer needs.Working with 7 startups at EnterpriseWorksto improve product design
EW SHARED LAB EQUIPMENTW W W . R E S E A R C H P A R K . I L L I N O I S . E D U Shimadzu VP series High Performance LiquidChromatograph Shimadzu Gas Chromatograph Waters micromass Quattro Micro LC-MS with Alliance2695 separation unit Waters micromass Q-TOF mass spectrometer Bio Tek absorbance plate reader Cary 3E UV-Vis spectrophotometer with temperaturecontroller Gel documentation and imaging system Sorvall RC-5B Plus centrifuge Eppendorf benchtop refrigerated centrifuge Eppendorf microcentrifuges New Brunswick G-25 incubator shaker PCR-Thermal cyclers (gradient) Track Pole Stand stereo Microscope System
EW SHARED LAB EQUIPMENT• Deionized water system• pH/mV/°C meters• Autoclave(s)• Glassware Washer• Analytical Scale• -80° C Laboratory Freezer• Isotemp Lab Refrigerators• Water baths• Ice Maker• Dry Ice mill• Dry Ice box• Savant SpeedVac concentrator• Rotary evaporator• Flow hood(s)• Reflow Oven• Thermo Box Furnace• Soldering Iron• Drill PressW W W . R E S E A R C H P A R K . I L L I N O I S . E D U
ENTERPRISEWORKS SUITESOffice Example Lab ExampleFurnished for full time employeesand interns. Range of office sizesfrom 130-600 SF.Monthly lease rate = $200-$850Labs available with casework, fumehood, plumbing, gas, shelving. Basiclab available and full fit out labs forchemical and life science companies.Monthly lease rate = $800-$1,900All leases in EnterpriseWorks are administered through the University of Illinois.Leases are one year in length, renewal is determined based on company progressand need for incubation services. Typical start-up length in incubation is three years.
SERVER/CO-LOCATION DATA CENTERServer room with 15 Rack capacity for server (per U) and rack leasing• Co-location data center withredundant power from buildinggenerator, coolinginfrastructure, and securitysystem.• Companies can lease space bythe server or by the rack(provided by EW)• One year lease agreements• Connected to the other ResearchPark buildings with direct fiberfor remote computing20
Access Campus Labs/Instruments and Lab SuppliesCompanies can gain access to University of Illinois laboratory equipmentand facilities by entering into Facilities Use Agreement and/or TechnicalTesting Agreements with the University21Incubator clients are eligible tohave indirect cost recovery rateswaived, making facilities moreaffordableProcurement available through theUniversity for lab supplies atreduced rates. Agreements withFisher Scientific and VWR forUniversity rates extended toEnterpriseWorks companies.
EVENTS AND TRAINING22The Research Park hosts weekly events for the employees and firms in thecommunity. Each year more than 100 events are offered for companies toattend, network, learn about business, and have fun.• Software User Group Meetings• Tech CEO Roundtables with speakers• Startup Café with successful entrepreneurs• Monthly entrepreneur educational seminars• Monthly social events, sporting leagues• Pitch presentation events• Women in Technology Forum• SBIR training• Fire at Five happy hours• VIP speakers and business introductions• Mobile application development training• Annual Career Fair, student awards
MOBILE APP DEVELOPMENT SUPPORT• iOS and Android professional development courses– Focuses on skills for engineers to learn mobile programming– Hands on Basics iOS programming, topics covered includeDevelopment tools, iOS Anatomy, Objective-C, MemoryManagement, ARC, Foundation Classes, iOS Design Patterns, ViewControllers, Views, Storyboards, Animations.– Android programming class starts in June 2013• AppIncubate program design prototype program• Co-location space for mobile developers• Mobile Expert onsite 2 days a week forconsulting and mobile developmentintern to help startups• Second Annual Mobile Day was 1/31/1323
• 1/3 of total Research Park workforce are students₋ Approximately 350-400 students per semester₋ Supplement research staff with highly-skilled graduate and undergraduatestudents from top University of Illinois programs₋ Student employees and research assistants can work on projects year round(not just summer interns)24EMPLOYING STUDENTS ON CAMPUS AT UIRP• Workforce cost efficiency:₋ Student wages are substantially lower than full time hires (40-50% less).₋ Interns are prepared for full-time employment through pre-training andfamiliarization of business culture and structure• Recruitment Pipeline: companies report up to 65% retention rates• Intellectual property remains with company• Optional Research Park Intern Program₋ HR administration services for companies with interns and GRA positions,including visa documentation through UI Corporate Relations
STUDENT WAGES IN THE RESEARCH PARK25Internship area Lowest hourly salaryreportedAverage hourly salaryreportedHighest hourly salaryreportedBusiness planning/strategy/competitiveintelligence/market research $10.00 $17.00 $25.00Chemistry/chemical engineering $10.00 $13.90 $21.00Computer applications/software development $8.00 $16.39 $30.00Computer networks/hardware $10.00 $17.50 $25.00Electrical engineering $10.00 $18.20 $30.00Finance/accounting $8.00 $14.31 $20.00Marketing/business development/sales $9.00 $14.33 $20.00Mechanical engineering $8.00 $14.85 $25.00Research & development (scientific/technical) $10.00 $19.00 $29.82Average Student Wage (not weighted): $18.190 5 10 15 20FreshmanSophomoreJuniorSeniorMasters studentPhD studentPost-doctoral student0 2 4 6 8 10<56-1011-2016-2021-40>40Hours Worked During School SemestersClass Levels HiredTypical schedule:10-20 hours during theschool year and fulltime during thesummer
CORPORATE INNOVATION CENTERS• ADM Bioenergy Modeling Center• Abbott Laboratories• Caterpillar Simulation Center• Citrix, Bytemobile operation• John Deere Technology Innovation Center• Dow Innovation Center• Neustar Innovation Center• Pearson, Novanet operation• Raytheon, Trusted Computer Solutions operation• Riverbed, Quality Assurance (QA) software team• Sony Biotechnology• State Farm Research and Development Center• Yahoo, Hadoop Center of ExcellenceJoin other leading corporations that have established successfulcenters at the University of Illinois Research Park
EXPERTS TO HELP CORPORATIONSSite Director-in-Residence: John Quarton• Former Site Director of the State Farm Research Center hasbeen hired on a contractual basis to help corporate clientswith best practices and initial operation setup• Work with companies on student engagementopportunities, university interactions, operationalperformanceBig Data Executive-in-Residence: Michael Welge• Recently retired from NCSA, ran the data mining and appliedprojects team on many corporate projects• Formerly had two startups in the Research Park related todata analytics that had acquisitions: Riverglass and One Llama
PERSONIFY INC.• Nuvixa is based on technology from the University, which was developedby Electrical and Computer Engineering faculty Sanjay Patel and Minh Do .• Sanjay Patel previously on the management team of AGEIA Technologies, a startup thatwas acquired in 2008 by Nvidia.29• Personify (previously Nuvixa) is revolutionizing theway people communicate with video for:• on-line meetings• video calling• desktop telepresence• Radically improving video experience through animmersive, compelling, and intuitive videotechnology.• Personify makes use of new sensor technologies(such as the Microsoft Kinect), to create newvideo experiences• $4.15 Million in funding
GLUCOSENTIENT• Founded by Professor Yi Lu, Chemistry Department, GlucoSentient detects(drug molecules, contaminates, adulterants, etc) using personal glucosemeters.• Glucosentient has developed a powerful technology that is transformingthe PGM into a device that is capable of quantitatively and convenientlydetecting other non-glucose targets.– This is made possible by their patent pending technology that translates theamount of non-glucose target to glucose.• NSF I-Corps participant• Convertible equity financing fromSerra Capital and IllinoisVentures• Winner of Cozad New Venture competitionpersonalized healthcare prize fromBurrill and Company
ADRENALINE• Adrenaline is building mobile web browsers and operating systems formobile devices.• Adrenaline Web Browser for smartphones is able to increase the efficiencyof mobile hardware– Easier user interface for navigating between webpages, tabs– Simple ways to share content from mobile browsers to social media, e-mail,and even push notifications– Loads websites faster and provides quick navigation bar– http://adrenalinebrowser.com/• Operating system has mathematical securityproofs, which offer security features that surpassall other similar commercial operating systems.
PRAIRIEFIRE CONSULTING• Prairiefire Consulting assists companies in designing products thatperform correctly and consistently, despite variation within theinternal components.• Sensitivity-Based Design– Minimize scrap, rework, and fit-up problems by quantitativelyunderstanding and controlling risk before and during production.– Guarantee performance and sustainably reduce warranty costs.– Understand design concept quality during the selection stage.– Capture functional requirements clearly and accurately. Tolerances arecorrelated to physical requirements.– Prevent the scramble to controlwarranty problems. Spend your timeon engineering instead of reactionaryfirefighting.• Training courses and internmanagement for other firms32
• IllinoisRocstar LLC was founded in 2007 to perform computational engineeringanalyses for U.S. government agencies and industries The firm is a spin-off from University of Illinois at Urbana-Champaigns Centerfor Simulation of Advanced Rockets (CSAR)• Using simulation software, IllinoisRocstar employs first-principles based physics forhigh-fidelity numerical analysis of fluid flows, combustion, materials, structures, andtheir interactions in changing geometries• The principals and members of the company are experienced leaders and seniorscientists using advanced computation and simulation techniques to understand theimplications of three-dimensional fluid-structure interactions on the design andapplication of engineered devices.• Clients include industry and federal agencies: ATK and NASA as examples, more than10 SBIR/STTR awards• Purchased their own high performance computingcluster in Fall 2009 for advanced computational analysisILLINOISROCSTAR33
XERION ADVANCED BATTERY CORP.• Xerion is developing advanced battery cells for use in military andconsumer electronic applications that increase the speed of charging.• The technology has been developed by Prof. Paul Braun in the UI MaterialsScience department, which is a new architecture for batteryelectrodes, enabling extremely rapid charge and discharge of batteries.– The new company is being lead by Xerion executives along with Dr. Braun as ChiefScientific Advisor.• StructurePore technology gives batteries greater electrical capacity than iscurrently available, plus ultrafast charging capabilities. Xerion has anexclusive license for the technology from the University of Illinois.– http://www.news-gazette.com/news/technology/2011-08-22/technology-ui-could-revolutionize-batteries.html34
MULTICOREWARE, INC.• MulticoreWare Inc is a Software and Systems Integration solutionscompany which provides heterogeneous multicore (h-multicore solutions)for high performance computing applications using multicore and manycore processors.• MulticoreWare embraces heterogeneous computing and its h-multicoresolutions benefit customers who require a higher order of magnitudeperformance with power and space constraints.• MulticoreWare Inc., has recently launched a new product called McorePlatform Analyzer.– Mcore Platform Analyzer is a powerful and versatile tool that allows a developer to easilyinstrument, visualize, and interpret the way different parts of the application interact with oneanother, as well as with the CPU and GPU.• UI Professor Wen-mei Hwu, is CTO . He is anexpert in compiler design, computerarchitecture, and parallel processing.
DIOXIDE MATERIALS• Dioxide Materials is developing technology for the conversion of CO2 into fuelsand chemicals via artificial photosynthesis• Also has technology to use low cost sensors to reduce energy use in building HVACsystems by more effectively analyzing ventilation needs• The company has agreements with major customers, including 3M, for furtherdevelopment• Secured multiple SBIR funding to further develop the technology and in 2012 theywere awarded $4 million by the U.S. Department of Energy’s Advanced ResearchProjects Agency – Energy (ARPA-E). The award will advance the technology toproduce transportation fuels and industrial chemicals electrochemically fromcarbon dioxide emitted by power plants• Dioxide Materials and University of Illinois researchers featuredin Science Magazine in November 2011– Research shows ways to recycle CO2 as an alternative to carboncapture and make synthetic fuels.• http://news.sciencemag.org/sciencenow/2011/09/solar-fuels-take-two-steps-forwa.html
4D TELEPORT TECHNOLOGIES• The problem space: At the present time, setting up a distributed 3D real time multi-video, multi-site interactive teleimmersion session requires IT experts and set-up times ranging from hoursto months depending on the complexity of the system. The ability for 3D teleimmersion totransform the use and content availability for 3D TVs and other 3D devices requires that thisproblem be solved in a user friendly manner.• The solution: 4D Teleport’s solution is a distributed software platform incorporating gateways ateach teleimmersion site to actively manage the capture synchronization and integration ofmultiple correlated multimedia streams. The technology is based on five years of work atIllinois.• Applications that can take advantage offull body real time immersion include:• Distributed 3D gaming• Remote ad hoc maintenance training• Health care and remote physiotherapy• Cultural and activity-based educationTwo light-saber gamers are immersed together. A distinctaspect of the 4D interface is the ability to bring in physicalobjects and then manipulate these using graphics. The systemhas enabled dancers as far away as Berkeley and Illinois todance together in real time in a shared virtual space.Participant 1Virtual SpaceParticipant 2Game Points Electrifying Effect
INTELLIWHEELS• IntelliWheels has created patent-pending geared wheels for manualwheelchairs, designed to make pushing a wheelchair easier.• IntelliWheels has secured more than $500,000 in funding.– Venture capital funding from Champaign-based Serra Ventures andSan Francisco-based Crestlight Venture Productions; additionalsupport from the National Collegiate Inventors and Innovators Alliance(NCIIA); and angel investors from the Champaign-Urbana community.– IntelliWheels has received a Phase 1 SBIR award fromthe National Institutes of Health Institute of Child Health& Human Development to create an automatictransmission for manually propelled wheelchairs• Winner of the 2011 Lemelson Prize for Innovation• Intelliwheels is located at EnterpriseWorks and theRantoul Business Incubator and is manufacturingproduct and shipping to customers.38
APTIMMUNE BIOLOGICS• The company is developing the Porcine Reproductive and RespiratorySyndrome Virus (PRRSV) vaccine for swine based on a proprietary cell lineknown as ZMAC.• This economically important pandemic disease causes reproductive failurein breeding stock and respiratory tract illness in young pigs.– The disease costs the United States swine industry around $600 million annually.• The vaccine has been under development for the last decade in the UIUClab of the company founder, Dr. Federico Zuckermann, Professor in theDepartment of Veterinary Pathobiology in the UI College of VeterinaryMedicine.• Have made significant progress on the scale up ofZMAC cell culture and determined the effectivenessof candidate PRRS virus vaccine strain G16X
AQUEOUS SOLUTIONS• Aqueous Solutions is developing and supportingThe Geochemist’s Workbench®, a software package for solving problemsin aqueous geochemistry, including those arising in environmentalremediation and clean energy production.• Geochemists use the GWB software to analyze problems in areas such aspollution abatement, clean energy, minerals extraction, and petroleumproduction.– The GWB has become recognized as the standard technique for developingquantitative analyses in aqueous geochemistry.• Patent for removing heavy metals from groundwater• Used in 118 different countries and by more than 1,000 customers
IMMUVEN• Start-up co-founded by Dr. David Kranz of the University of Illinois and Dr.Patrick Schlievert of the University of Minnesota. ImmuVen and theUniversity of Illinois have entered into a license agreement.• High-affinity T cell receptors: a novel class of immune-targeting anddiagnostic agents being development for treating cancer and MRSA• Detection and treatment of selected bacterial toxins that cause infectiousdiseases• Modified T cell receptors have been successful in treatingMRSA in animal studies.• Successfully awarded NIH grant funding for R&D• ImmuVen has a biotech laboratory in EnterpriseWorks.41
SERIONIX• Founded by UI graduate students Jim Langer and WeihuaZheng from Materials Science• Winner of the 2012 UI Cozad New Venture Competition• Developing a filter material that can remove perchlorate(a component in rocket-fuel) from water, regulated bythe EPA starting in 2014• Air Purification from hazardous materials, protectingfacilities from chemical warfare• Filters are made possible by composite materials knownas "ion-exchange fiber composites"• Serionix has been awarded two SBIR grants: $150,000from the National Science Foundation and $100,000from the Department of Defense
OSO Technologies• Oso Technologies was founded in 2011 by five engineering graduatestudents at the University of Illinois at Urbana-Champaign.• Oso is the maker of Plant Link, a moisture monitoring and control systemfor plants, home gardens and lawns.– Their monitoring system alerts owners when their plants need watering via textmessage, e-mail, or social media updates.– Optional equipment allows automated watering of exterior plants• Oso Technologies raised funding through a Kickstarter campaign andreceived hundreds of backers within 24 hours.
ATSP INNOVATIONS• Creating a treatment to improve the wear performance and durability ofindustrial equipment.• Commercializing a new family of polymers (Aromatic ThermoSettingcoPolyesters, or ATSP) that can be used for application to tribologicalsurfaces for compressors used in air conditioning andrefrigeration, compressors, pumps, engines, etc..• ATSP coating advantages:– Lower lower cost than other alternatives– Simple substrate surface conditioning– Stability at high temperatures– Reduce wear and friction– Good adhesion to metals such as stainless steel and cast iron• Proper coatings and surface treatments are key to increasing energyefficiency for a wide range of mechanical applications(bearings, seals, turbines blades, etc.).• Awarded an NSF Phase II SBIR grant to develop technology44
RUNTIME VERIFICATION• Runtime Verification creates tools that will improve softwareengineering through extracting information from runningsystems and using it to detect code faults and behaviors.• The company’s unified runtime verification system providesboth runtime monitoring and predictive runtime analysis. T• The company was founded by Computer Science facultymember, Grigore Rosu.
PHI OPTICS• Phi Optics offers an affordable light microscopy device withlabel-free, non-invasive, quantitative, nanoscale, 3Dtomographic and real-time information capabilities all rolledinto one, at a much lower cost than confocal microscopy.• Its initial product offering will be a combination hardware-software platform that is a turn-key, add-on component to in-field microscopes, significantly enhancing their capabilities.46
BUMP: ILLINI PROSTHETIC TECHNOLOGIES• Current prosthetic solutions often have prohibitive costs, technologicalrequirements, technical training, and time investments in fabrication thatprevent their widespread distribution to amputee individuals in thedeveloping world. Prosthesis are made by experts at prosthetic clinics.• IPT created new prosthesis socket technology which minimizes theexpertise required in fitting a prosthesis to an amputee. Their device canbe fit to an amputee in less than 20 minutes by someone with only a fewhours of training. Additionally, it can be fit in remote locations, thousandsof miles from a traditional clinic.• Winner of the UI 2010 Lemelson Prize for Innovation, featured on CNN• Founded by UI students as a social entrepreneurship effort• Field testing | http://vimeo.com/3399786447
0% FOOD WASTE• University of Illinois Ph.D. candidate Rajesh Karmani led thecreation of 0% Food Waste to reflect his goal of reducing theworld’s current food waste.• The 0% mobile app and online database that helps restaurantsdonate surplus food to non-profits to distribute food to the needy.– Food is picked up from the restaurant or business and taken to anorganization with need and clients.– A tax receipt from 0% at the end of the year summarizes donations• 0% has saved thousands of pounds offood from being thrown away. Their clientsinclude local restaurants, a large nationalnon-profit organization, andinternational organizations.48
Examples of EnterpriseWorksIncubator Graduates49
SHARE THIS• ShareThis makes it easy to share ideas and sites online• ShareThis is currently used by over 400 million users across 130,000 sitesacross the web– ShareThis is changing the economics of online publishing by creating a market ofinfluence across the Web.– ShareThis allows users to share content from anywhere to anyone whilesimultaneously enabling publishers and advertisers to tap the value of sharing.• Based in Mountain View, CA, the company is privately held with fundingfrom Draper Fisher Jurvetson, Blue Chip Venture Company, DFJMercury, Reservoir Partners, Illinois Ventures, Queen City Angels andRPM Ventures.• Founded with technology from University of Illinois Professor, DavidGoldberg and IllinoisVENTURES leadership50
EDEN PARK ILLUMINATION51• Eden Park Illumination, Inc. was founded in May, 2007, todevelop and commercialize products based on a new platformlighting technology called Microplasma.• Microplasma lamps are mercury-free flat panel microcavitydischarge devices. The technology originates from traditionalplasma lighting technology, but microplasma, by virtue of its uniquestructure, overcome the limitations of conventional macro-scaleplasmas and offers an ultrathin, lightweight, flexible, robust andlong-lasting alternative.• Microplasma is a unique, proprietary, energy-efficient, ultra thinlighting technology. It can be flexible, formed and produces white orcolored light.• Applications include automotive, video and film, home and officedécor uses• Company co-founders, Professors Gary Eden and Sung-Jin Park• Eden Park graduated from the incubator in 2009 and moved intoa new research facility in Champaign to begin producing theirinitial product for market
SEMPRIUS• Semprius is developing low cost, high performance concentratorphotovoltaic (CPV) modules to make solar power generation economicallyviable in sunny, dry climates.• The core of Semprius technology is micro-transfer printing. This patentedprocess enables the parallel transfer of many pre-formed circuit elementsfrom a source semiconductor wafer to almost any other substrate.• The company was formed based on the research of Dr. John Rogers, whoreceived the MacArthur Foundation “Genius” award• Semprius is now based in Durham, NC and will officially open its firstproduction facility on Sept. 26 in Henderson, N.C. Semprius plans to hiremore than 250 employees over the next several years• Semprius is funded by Applied Ventures,Arch Venture Partners, Global VentureCapital, Illinois Emerging TechnologiesFund, IllinoisVENTURES, In-Q-Tel,Intersouth Partners, Morgan CreekCapital Management,Siemens Venture Capital and X-Fab. In 2011, Semprius announced astrategic commercial partnership with Siemens.52Microcell: The solar cells made bySemprius are 600 micrometers oneach side and can be combined withhigh-power optics. The cell itself(the black square at center) ismounted atop a ceramic base withelectrical contacts on each side.
SOLARBRIDGE• Leading developer of module-integrated microinverters for the solarindustry to make rooftop solar simpler, more cost-efficient and reliable• SolarBridge reduces the Levelized Cost of Energy (LCOE) and ultimatelyaccelerates grid parity for solar energy.• The company was founded in late 2003. Its founders included ECEprofessors Philip Krein and Patrick Chapman and a research engineer,Jonathan Kimball.– The first employee, Brian Kuhn, was hired in 2004.• Began in EnterpriseWorks incubator, then graduated into the UI ResearchPark, then grew its operation in Austin TX.• In 2011 the company secured $19 million in series C funding and wasawarded over $4 million in US Department of Energy grants. The companyhas raised more than $46 million to date.53
CHROMATIN54 Chromatin, Inc. develops novel proprietary technology that enables entirechromosomes to be designed and incorporated into plant cells. Engineered chromosomes make it possible for the first time tosimultaneously introduce multiple genes into a plant cell while maintainingprecise control of gene expression The technology was developed at the University of Chicago, but hastransitioned to bioenergy feedstock plant modification in Champaign $27 Million in VC funding, including Burrill & Company and IVentures Chromatin’s Champaign, IL development center is at the Research Park, thecompany graduated from EnterpriseWorks incubator into the “GraduationBuilding” in April 2010.o Employ 12 people in the Champaign research operationo Chromatin also leases BL2 greenhouse facilities on campus Chromatin has corporate partnership agreements with Syngenta, Monsanto,DowAgrosciences, and Bayer Crop-Science In 2010, Chromatin acquired Sorghum Partners, Inc. and Milo Genetics, LP,which provides Chromatin access to a multi-national network of sorghumgrowers and distributors for bioenergy growth.
AUTONOMIC MATERIALS INC.• AMI self-healing systems are engineered to lengthen coating lifetimes, therebyreducing the costs (principally labor) and disruption associated with therecoating of surfaces• AMI is engaged with a dozen industry partners to test commercial applicationsof the self healing coatings and has completed manufacturing scale-up• Joint development agreement with a major automotive company• Helpful to the environment by reducing exposure to harmful chemicalscontained in coatings, and eliminating corrosion and rust on metal55Watch Dr. Gerald Wilson and Dr. Magnus Anderssonpresent at TEDxUIUC:http://www.tedxuiuc.com/TEDxUIUC/Talks_Andersson_and_Wilson.html
CONTACT INFORMATIONLaura FrerichsUniversity of IllinoisResearch Park DirectorEnterpriseWorks60 Hazelwood DriveChampaign, IL 61820(217) firstname.lastname@example.orgWWW. RESEARCHPARK.ILLINOIS.EDU56Follow usTwitter: #UIResearch ParkFacebook: UI Research ParkYouTube: researchparkuiucEntrepreneur ListservResearch Park Mobile App
APPENDIXOTHER ENTREPRENEUR RESOURCES ATTHE UNIVERSITY OF ILLINOIS57
ILLINOISVENTURES, L.L.CSeed and early stage, research-based, investmentIllinoisVENTURESIETF I SizeIETF II SizeTotal Current Assets$13 million$27 million$25 million$63 millionStage Seed & early-stage venture capitalFocusIndustriesResearch-derived investmentStart companies around licensed IP, technical foundersEstablish initial cap-structure, strategy, teamsIT, physical and life sciences, clean techInter-domain “seams”Geography IL and the MidwestPortfolio InvestmentParameters<$1M initial investment, $2M-$4M total investmentOver $40 million invested in 75 companiesIV Portfolio has attracted over $600 million fromother sources#1 regionally#19 nationallyPlus companies haveattracted more than$500 million in outsidecapital = 13:1 leverageThe UI Board of Trusteescreated IllinoisVENTURES in2002 to catalyze the creationand development of research-derived companies
IllinoisVENTURES Funding•Unite markets, IP, PI•Validate market•Rough commercial path• Founder role• Secure license• IP development• Proof of concept• Hire CEO• Product prototype• Market introductions• Early customeridentification/JVs• Identify fundingpartnerTimeValue• Complete mgmt team• Beta product• Early customers• Attract domainexperienced VCSource IdeaCompany LaunchEarly TechnologyExecutionBusiness ModelExecution59IETF FundingIVentures Approach to Early Stage Investing
TECHNOLOGY ENTREPRENEUR CENTER• Created in 2000• Located in College of Engineering• Offices in CSL• Open to all of campusProviding students and faculty with the skills, resourcesand experiences necessary to become successfulinnovators, entrepreneurs and leaders who tackle grandchallenges and change the world
TEC PROGRAMS• 3,500 students participate annually• SocialFuse• Cozad New Venture Competition– 13th year– ~$110K in cash andprizes to student teams– Spans 4 months• Charm School• Invention to Venture• Clinics– Patent Clinic (with Law School)– Prototyping Design Clinic
COZAD NEW VENTURE 2013• 13th year• ~$110K in cash andprizes to student teams• Spans 4 months• Open to all of campus• 2013 $25K winner: Servabo(Nishana Ismail, Tim Deppen)
TEC EXPERIENCES FOR STUDENTSSilicon Valley Student Trips• January trip, with 30 students• Visit alumni tech companies in Silicon ValleyChicago Workshops• Visit Chicago companies, TechNexus, ITA, 1871• Chicago After HoursInnovation Living Learning Community (iLLC)• Located in Illinois Street Residence Hall• Partnership between TEC and Housing
I-CORPS AT ILLINOIS• NSF program to help commercialize research• Pre-SBIR $50K award• Based on Lean Startup• NSF program to help commercialize technology• Participate with a team (PI, Entrepreneur, Business Mentor)• About to be announced that the University of Illinois is one of10 locations that NSF has awarded to host the program. OtherNodes: Michigan, GA Tech, Stanford/Berkeley, NY, DC