University of IllinoisArchive for the ‘’ Category

Tech Cocktail Sept 6, 2012 at Houlihans

Time to mix it up with Tech Cocktail at Houlihans tonight Sept 6, 2012. The startup showcase will include Fitsby, Valkyrie Computer Systems, Smart Structures, StudyCloud and TrakBill. Thanks to our sponsors; Champaign County EDC, Singleton Law Firm, University of Illinois Research Park, ChicagoMicro, Technology Entrepreneur Center – Engineering at Illinois, Illinois Small Business Development Center and McDonnell, Boehnen, Hulbert & Berghoff LLP 

The U of I breeding ground

Article Source: Chicago Tribune, Business Section, April 28, 2012

PayPal

Max Levchin, who graduated from the University of Illinois at Urbana-Champaign with a degree in computer science in 1997, helped found the online payments company in 1998 and served as chief technology officer. EBay acquired PayPal in 2002. Levchin went on to found Slide, a developer of social applications that was acquired by Google. He is chairman of the board of Yelp and is an active investor in startups.

 

YouTube

The online video company’s three co-founders met as early employees at PayPal. Two of them, Steve Chen and Jawed Karim, attended U. of I. in the early 2000s. Google acquired YouTube in 2006. Chen and fellow YouTube co-founder Chad Hurley run Avos Systems, an Internet company that last year bought social bookmarking service Delicious from Yahoo.

 

Yelp

The online review site was founded in 2004 by two U. of I. graduates and former PayPal employees, Jeremy Stoppelman (computer engineering, 1999) and Russel Simmons (computer science, 1998). Stoppelman is CEO of Yelp, which went public last month. Simmons left the company in 2010 but stayed on as an adviser.

 

‘Mafia Wars’

Roger Dickey, who earned a bachelor’s degree in computer science from U. of I. in 2005, founded a social gaming company that he sold to Zynga in 2008. While at Zynga, he created “Mafia Wars” and several other popular titles. He left the social gaming company last year and continues to advise and invest in startups.

 

Wolfram Research

Stephen Wolfram, a professor of physics, mathematics and computer science at U. of I., launched the software company in 1987. Steve Jobs appeared at the company’s launch of Mathematica, its core computational software program, in 1998, while he was president of NeXT. Google co-founder Sergey Brin interned at Wolfram Research in 1993. The company’s headquarters has remained in Champaign, and its Wolfram Alpha answer engine technology is used in Siri, the personal assistant built into the iPhone 4S.

IVCA Visits the Office of Technology Management and the Research Park in Urbana-Champaign for Faculty Presentations and Start-up Company Visits

Article Source: IVCA, April 11, 2012

On April 5th and 6thIVCA caught the vision for new company formation in the middle of Illinois at the “Share the Vision 2012: University of Illinois Technology Showcase”.  The event, organized by the Office of Technology Management attracted over 100 VCs, Corporate Development professionals and other interested constituents to hear about the excitement at the University of Illinois’ downstate campus.All of the “Share the Visions 2012” events were held at the University’s Research Park including 11 occupied office/lab buildings and a hotel/conference center. The facilities are beautiful but the impact of the research park is astounding:

  • Named “2011 Outstanding Research Park” by Association of University Research Parks
  • Named in the “Ten Technology Incubators Changing the World” by Forbes.com
  • Named one of “Ten Start-up Incubators to Watch” by Inc.com
  • Houses over 90 companies with more than 1,200 employees
  • Research Park startups have raised $135 million and over $64 million in SBIR/STTR funding

The Office of the Vice President for Research led by Larry Schook, is committed to developing deep and meaningful relationships between U of I’s most innovative faculty and industry, government, and academic partners. The office includes the Offices of Technology Management (in Urbana & Chicago), IllinoisVENTURES and the Research Park. The Office of Technology Management’s mission is to transfer IP created on the Urbana-Champaign campus into practical use to benefit the public as quickly and effectively as possible.

Thursday’s agenda included presentations from 38 faculty members whose cutting edge research is making a different in today’s world. Presentations were divided into two tracks: Advanced Materials, Clean Energy & Sustainability and Systems & Devices for Health. Each presentation included a summary of their main areas of research and examples of how the research has been applied to solve important business and/or defense issues. An astounding number of the presenters have already commercialized more than one technology and launched new companies. Click here for a review of Speakers.

On Friday, we were hosted by Laura Frerichs, Research Park Director as we visited EnterpriseWorks, an incubation home to early stage technology companies with relationships or ties to the University. Visitors toured up to 8 companies focusing on two of four verticals: Computing, Biotechnolgy, Materials/Nanotech or Clean Tech. We moved around the EnterpriseWorks facility and other areas of the Research Park to meet with entrepreneurs in their workspace. EnterpriseWorks includes lab space, conference space, offices and server/co-location data center.

The trip South was a real eye-opening experience for the Illinois alumni. Hats off to the Office of Technology Management and the Research Park. It was easy to see why the facility has received so many accolades!

Congratulations Innovation Celebration Winners and Finalists

Article Source: University of Illinois, Office of Technology Management

 The Office of Technology Management would like to congratulate winners and finalists of this year’s Innovation Celebration. The OTM contributes two awards to this ceremony: Innovation Discovery Award and Technology Transfer Award.

The Innovation Discovery Award recognizes an individual or group from the University of Illinois’ Urbana campus who has disclosed to the OTM a groundbreaking discovery with potential for significant societal impact.

The finalists for this award included Brendan Harley, Gabriel Popescu, and Yi Lu.

Brendan Harley has developed new biomaterials for use in tissue engineering applications. His first focus is on new tendon repair technology and aims to address the need for a new biomaterial that mimics the native tendon and can induce regeneration with minimal impact on loss of function. He has received funding from the IGB Proof of Concept fund to further develop this technology. He is working actively with the OTM to protect these new biomaterials.

Gabriel Popescu’s label free, non-contact and non-invasive imaging method (called Quantitative Phase Imaging) is aimed at displacing conventional optical microscopy. This method will enable a wide range of applications including height throughput blood screening, tissue grading in biopsies. It will be a lower cost alternative for remote diagnosis and point of care testing. He has been actively engaged with the OTM since 2008 and has had 17 invention disclosures, 3 patents filed and one issued patent.

A renowned faculty entrepreneur Yi Lu has already had commercialization success with his DNAzymes for detecting heavy metals in environmental water supplies, licensed to ANDalyze, a company he co-founded. His new discovery was in finding that DNA can also be engineered to test for organic compounds such as glucose in blood and other organic markers in biological samples. Yi Lu has actively engaged with the OTM for over 15 years, has had 41 invention disclosures, 25 filed and 14 issued patents.

The winner of the Innovation Discovery Award was Yi Lu.

The Technology Transfer Award recognizes an individual or group from the University of Illinois’ Urbana campus who has engaged with the OTM to successfully commercialize an innovation.

The finalists for this award included Diagnostic Photonics, Inc., Dave Kranz, and Vijay Singh.

Co-founded in 2008 by Stephen Boppart and Scott Carney, Diagnostic Photonics (DxP) is developing an imaging tool to assist in surgical procedures especially for breast cancer resections. Use of the tool will reduce repeat surgeries, improe prognosis, and lower costs. DxP has raised over $1.3M in funding and is working with Carle Foundation Hospital to accelerate the translation of this technology from bench to bedside. The company exclusively licensed 4 technologies and software from the University of Illinois in 2009. Stephen Boppart and Scott Carney have been working with the OTM since 2002 and between them, they have submitted 38 invention disclosures. www.diagnosticphotonics.com

As co-founder of both Immuven founded in 2008 and Biodisplay founded in 1999 (which was later sold to Abbott), Dave has demonstrated his entrepreneurial vision and capability. Immuven is currently working on developing new drugs based on the engineering of T Cell Receptors proteins to treat infectious diseases such as strep and staph, as well as cancer. T Cell Receptors have significant advantages over antibodies, as such Immuven has received SBIR grants and funding from the NIH to advance the development of a suite of products that will detect and treat antibiotic resistant organisms. Dave Kranz has worked with the OTM for over 22 years, has 21 invention disclosures and over 20 issued patents.

A leading expert in corn processing, whose work has had impact in the bioprocessing industry, Vijay Singh’s technology has been licensed to one of the largest enzyme manufacturers in the world (MPI). His enzymatic corn wet milling process uses new protease enzymes to replace hazardous sulfite salts in the corn fractionation resulting in reduced environmental impact. Full scale commercial plant trials have occurred throughout the world. Vijay Singh has worked with the OTM since 1998, has submitted 13 invention disclosures and has 10 issued patents.

The winner of the Technology Transfer Award was Dave Kranz.

Below is a list of the other awards and winners from Innovation Celebration:

  • Innovation in Engagement Award-Parkland College: Brian Nudelman
  • Social Entrepreneurship Award: Scott Daigle & Marissa Siebel, IntelliWheels, Inc.
  • Student Startup Award: Serionix, Inc.
  • New Venture Award: Sanjay Patel, Nuvixa, Inc.
  • Entrepreneur Advocacy Award: Liz Kellner
  • Economic Development Impact Award: Shahid Khan
  • Entrepreneurial Excellence in Management Award: Brian Jurczyk, Starfire Industries, Inc.
  • Longevity through Innovation Award: Betty Brennan, Taylor Studios, Inc.

Innovation Celebration Award Winners

Innovation Celebration is recognition of those individuals and organizations that have made significant contributions, taken risks and provided leadership to ensure the continuing economic success of Champaign County, the ongoing success of the University’s economic development mission and the growth of entrepreneurial talent and energy in your community.

Innovation Celebration is not merely an award for accomplishment, however, but a benchmark of success for those outstanding individuals, organizations and corporations who are nominated and selected to receive this prestigious award.  Additionally, Innovation Celebration serves as a tangible collaboration between the University of Illinois and the community that clearly establishes the power of cooperation and united vision.

Congratulations to the 2012 Innovation Celebration Award Winners!

Innovation Discovery Award

Recognizes an individual or group from the University of Illinois’ Urbana Campus who has disclosed to the University’s Office of Technology Management a groundbreaking discovery with potential for significant societal impact.

Yi Lu

A renowned faculty entrepreneur Yi Lu has already had commercialization success with his DNAzymes for detecting heavy metals in environmental water supplies, licensed to ANDalyze a company he cofounded.  His new discovery was in discovering that DNA can also be engineered to test for organic compounds such as glucose in blood and other organic markers in biological samples.

Yi Lu has actively engaged with the Office of Technology Management for over 15 years, has had 41 invention disclosures, 25 filed and 14 issued patents.

Technology Transfer Award

Recognizes an individual or group from the University of Illinois’ Urbana campus who has engaged with the University’s Office of Technology Management to successfully commercialize an innovation.

Dave Kranz

As co-founder of both Immuven founded in 2008 and Biodisplay founded in 1999 (which was later sold to Abbott), Dave has demonstrated his entrepreneurial vision and capability. Immuven is currently working on developing new drugs based on the engineering of T Cell Receptor proteins to treat infectious diseases such as strep and staph, as well as cancer. T Cell Receptors have significant advantages over antibodies, as such Immuven has received SBIR grants and funding from the NIH to advance the development of a suite of products that will detect and treat antibiotic resistant organisms. Dave Kranz has worked with the Office of Technology Management for over 22 years, has 21 invention disclosures and over 20 issued patents.

Innovation in Engagement Award

Recognition to an individual at Parkland College who has shown support of the college’s community engagement mission.

Brian Nudelman

The Service-Learning Program at Parkland College, under the coordination of Brian Nudelman, an Associate Professor in the Humanities at the College, has continued to explore and support innovative strategies by which academics and engagement in our community can work in collaboration and for the strengthening of both. From the creation five years ago of the Garden Hills Homework Club, and afterschool program that partners Parkland students and staff with 3rd, 4th, and 5th graders at Garden Hills Elementary, to the various trips the College’s Dental Hygiene Program have taken in support of dental health, both here and abroad, the Service-Learning Program at Parkland strives to put in action the College’s mission, “to engage the community in learning.”  As a direct result of these efforts, Parkland College was pleased to have been named to the 2009 President’s Higher Education Community Service Honor Roll by the Corporation for National and Community Service, recognition that the College’s support of community engagement and service-learning is recognized and valued at the highest levels of our community and country.

Social Entrepreneurship Award

Recognizes individuals who have served as change agents in our community by incorporating innovative approaches, improving systems and processes, and creating sustainable solutions to reshape society and benefit humanity, successfully implementing entrepreneurial principles to address social concerns.

IntelliWheels, Inc., Scott Daigle & Marissa Siebel

Scott and Marissa are intelligent, motived and passionate about their company, IntelliWheels.  While, growing their company to a profitable business is their goal, they have embarked on that mission with compassion and the hope that they are truly addressing a need that will help a group of people who are frequently overlooked.  Their product came out of their observations of wheelchair users who have a hard time getting around, whether it is on varied surfaces, inclines, or as a sign of age.  Outside of work, both work very hard towards promoting a world of acceptance as well as giving back to the local entrepreneurial community by mentoring those who are just starting out.

Student Startup Award

The Student Startup Award recognizes an organization formed by student within the past three years whose demonstrated success is a result of entrepreneurial talent, creativity and energy, and whose future success is indicated by its current path.

Serionix, Inc.

Serionix has developed a revolutionary technology that substantially improves the efficacy and sustainability of the water purification process. Doctoral students Jim Langer and Weihua Zheng are working with Materials Science and Engineering Professor James Economy.

Jim is one of those high-energy, do-it-all kind of people whose determination and drive is something that should be awarded. While finishing his PhD, and raising a family, he manages to keep the momentum for moving Serionix forward.

New Venture Award

The New Venture Award recognizes an organization formed within the past three years whose demonstrated success is a result of entrepreneurial talent, creativity and energy, and whose future success is indicated by its current path.

Nuvixa, Inc., Sanjay Patel

Nuvixa, Inc. is blazing a trail in the technology start-up ecosystem in Champaign-Urbana. This is no accident. It is a deliberate attempt of executing on a grand vision by the early founding team of Nuvixa.

Nuvixa was founded in 2009 by Sanjay Patel with a desire to make video a much more useful way of communicating. His technical vision of using new sensing devices, advanced algorithms, and new computing power to radically expand what is possible with video has led to the growth of his startup company. He is a pleasure to work with, spends time building relationships and is great at listening to advice and making the best use of resources around him.

Entrepreneur Advocacy Award

Recognizes those individuals or organizations in the community who have actively engaged, encouraged, coached and mentored entrepreneurs in the community, providing a broad base of support to help multiple entrepreneurs achieve success.

Liz Kellner

Throughout the years and in her various positions, Ms. Kellner has been fostering entrepreneurship in our community. By consistently visiting companies and businesses and bringing together young (and not so young) entrepreneurs, she has been pivotal in growing the synergy that is making Champaign-Urbana a high-tech community and brings us to celebrate this wonderful event. Liz has worked tirelessly in the C-U startup community for the better part of the past 20 years to help others realize their entrepreneurial dreams. Many clients recognize the entire Kellner family’s passion for the community and would go so far as to call them not only advisors, but friends.

Economic Development Impact Award

Recognizes those who have successfully commercialized innovations while demonstrating a commitment to local economic impact, with emphasis on beneficial outcomes.

Shahid Khan

A native of Pakistan, Shahid R. Khan came to the United States at the age of 16 to attend the University of Illinois. As a student, he began working at Flex-N-Gate, an Urbana-based company that manufactured flexible roll-up gates for pickup trucks. By 1975, he was chief engineer for the company, a position he held until 1978.

At the age of 27, Khan left Flex-N-Gate to start his own firm, Bumper Works, a company that produced an innovative, one-piece metal bumper design for trucks, eliminating welds that had the tendency to rust. The design is now considered the industry standard.

Entrepreneurial Excellence in Management Award

Recognizes those who have best demonstrated managerial acumen and skill in assembling resources, creating an organization, decision making under uncertainty, being forward looking, and implementing action plans, and creatively solving problems.

Brian Jurczyk, Starfire Industries, Inc.

Brian Jurczyk started Starfire Industries in a garage with his partner, Robert Stubbers. Over the last 7 years the company has grown to 17 employees and annual revenues of $1.4 million. They are the leaders in neutron sources and a number of other exciting technical innovations. Brian has built a fantastic team of people and found the best ways to fund the company and keep it going without any venture capital. This is an enterprise still wholly owned by him and his partners, yet it is brining real economic vitality to the region, and its products and future are extremely bright. Brian, as CEO, is in charge of finding the funding opportunities, writing proposals, negotiating contracts, making contacts, hiring, and promoting a fantastic elan within the company which has allowed it to succeed.

Longevity Through Innovation Award

Recognizes those who have successfully commercialized innovations while demonstrating a commitment to local economic impact, with emphasis on beneficial outcomes.

Betty Brennan, Taylor Studios, Inc.

Betty Brennan owns and has built a very successful business from scratch. Her company is now a leader in the museum exhibit fabrication industry and their unique, high quality custom made products are highly sought after. They have a world-wide client base bringing significant revenue to Champaign County from outside the community, state and country. She employs a large number of creative people and runs a well-managed, forward-thinking company using a very modern approach with a strong set of core values. For over a decade now her company has won dozens of local and national awards both inside and outside of the museum industry. Taylor Studios has been in Inc. Magazine lists 3 times so far. Betty is a caring and active part of the community, writes and shares about her business on a regular basis, and is both helpful and encouraging towards others in business. She exudes a true and classic entrepreneurial spirit with a passion for her business, her people, and her community.

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