News from the University Technology Park at IIT
In This Issue
In the News
New Tech Park Client: TPI
New IIT Tower Clients
Tower and TBC Offer Flexible Office Spaces for Start-Ups
Upcoming Events
In the News


Chromatin, Inc. and Bayer CropScience announced that they have entered into a technological alliance and license agreement to use Chromatin's proprietary mini-chromosome technology for crop improvement.

Chromatin develops and markets novel proprietary technology that enables entire chromosomes to be designed and incorporated into plant cells. Read the full press release here.

Consumer Health Advisers

Consumer Health Advisers, Inc. a pioneering provider of a personal 'electronic medical home' for employees and dependents of large companies,
announced that it has completed a Series A venture capital round of $1.15 million. Read the full press release here.


a company that helps mobile professionals manage and submit their business expenses with ease and efficiency was featured in a June 2009 Forbes article, Expenses Made Easy
. Read the full story here.

UTP Logo

The University Technology Park at IIT is a unique combination of wet and dry labs and office space that accommodates companies at every stage of growth and connects them to the outstanding research faculty and resources at one of the nation's leading universities, the Illinois Institute of Technology.

Wexford Logo

Wexford Science + Technology is a private real estate investment and development company that focuses on serving the real estate needs of university, healthcare, science and technology-based organizations.

Tech Park
Technology Business Center exterior.

Tech Park Interior
Technology Business Center atrium: upper level.

Tech Park
Technology Business Center atrium: lower level.
Issue: #11 Fall 2009

Welcome to our quarterly University Technology Park e-newsletter, designed to give you quick updates about new and growing companies within the Tech Park and to announce lectures, workshops, and networking events.

I am thrilled to announce that the Illinois Institute of Technology (IIT) was awarded a $4.5 million stimulus grant by the Economic Development Administration (EDA) to refurbish a building that will be used as a technology incubator. It was the largest of the grants given in the EDA's most recent round of funding and one of the largest it has ever given for a technology incubator. More information on the grant is available here.

This funding, combined with a $2 million matching grant from the State of Illinois, will enable the University Technology Park at IIT (UTP) to complete 28,000 square feet of incubator space that will house up to 30 start-up companies in the biotechnology and clean technology industries.  The design of the technology incubator space is nearly complete, and UTP plans to start construction this fall.

If you have comments, questions or suggestions, drop me a line.

Daniel F. Marselle
Director, University Technology Park at IIT

New Tech Park Client: Therapeutic Proteins, Inc.
SkylineTherapeutic Proteins (TPI) has begun construction of a FDA cGMP compliant manufacturing facility within the Technology Business Center (TBC) and plans to begin operations in fall 2009. TPI produces biological Active Pharmaceutical Ingredients (API), specifically recombinant proteins, for the pharmaceutical market.
TPI participates in regions of the global market where the sale of these raw materials is allowed, and once the sale of them as generics is allowed in the USA, which is likely to happen this year, TPI will sell them domestically as well.
According to Tom Flynn, CEO of TPI, the decision to locate in the University Technology Park at IIT was an obvious choice. "We had many location alternatives," he said, "but the combination of Wexford and UTP is rare in terms of the array of services and support that was available to our company." Like many other UTP clients, TPI also finds IIT students a great resource, as its technology requires the highly trained and skilled team members that a world-class university can provide.
Tom described TPI's experience with the UTP and Wexford staff as: "in two words, most satisfying." He said that they have provided a support level beyond expectations, with the management going beyond the role of landlord to help with TPI's long term success.
TPI is now finalizing plans for expanding its headcount and participated in IIT's Career Fair. Additionally, it is discussing a long-term relationship with the IIT Research Institute (IITRI).

New IIT Tower Clients: Consumer Health Advisers, Inc. and NextGen Technology, Ltd.
Consumer Health Advisers, Inc.
Consumer Health Advisers offers consumer health management information services to large, self-insured employers and their employees. The enterprise focuses on maintaining a robust flow of reliable information and advice on their health and health care benefits to employees and their dependents. The foundation of the firm is a web-based technology platform called the Consumer Health Management Center (CHMC), which is directly licensed to plan sponsors as an employee benefit.

NextGen Technology, Ltd.
NextGen Technology is a leading supplier of Bluetooth™ interoperability testing solutions. The company works closely with some of the leading global automotive brands to improve customer satisfaction, helps Bluetooth™ silicon manufacturers validate their products against a wide variety of handsets worldwide, and assists cell phone manufacturers with their interoperability testing requirements for handsets. In addition to BluetoothR testing services, NextGen produces a range of innovative Bluetooth™ multimedia products that aim to significantly improve the in-car multimedia experience for driver and passengers.
IIT Tower and Technology Business Center Offer Flexible Office Spaces for Start-Ups
In addition to supporting start-ups with wet and dry lab space within the Incubator building, UTP has opened furnished offices and cubicles (with dedicated conference rooms) for emerging companies within the IIT Tower at 10 West 35th Street. This space is referred to as thTower Co-op Conference Roome UTP Co-op; Co-op-North (1,651 square feet) is nearly full with a variety of software companies, and Co-op-South (2,201 square feet) is in development. Combined the two Co-op spaces provide 11 offices, 7 cubicles and 2 conference rooms.
In addition, space is being developed on the lower level of the Technology Business Center that will work as a soft-landing space for international companies. It will offer 3,424 square feet of furnished, flexible space with 7 offices (both shared and private), a central copy area and reception desk, and short-term leases.
Photo: Co-op South Conference Room

Upcoming Events
Midwest Clean Tech 2009
Based on the success of the first Clean Tech event in 2008, the Global Midwest Alliance, the Midwest Energy Efficiency Alliance (MEEA), the Economic Development Council (EDC), the Federal Reserve Bank of Chicago, the Midwest Research University Network (MRUN), and Bryan Cave law firm are pleased to announce Midwest Clean Tech 2009, a program exhibiting Midwest excellence in Clean Technology innovation, products and services.  Keynote and plenary sessions will address opportunities along the innovation pipeline and relevant U.S. and international policy.

The event includes:
  • Business market place
  • Booths and a poster area throughout the event  - participants will be encouraged to visit all exhibits
  • Facilitated one-on-one business development meetings
  • Leading speakers from academia, trade groups, policy makers, corporate entities, and financial firms
  • Reception at IIT's University Technology Park (UTP) with special tour of the Park, which has a focus on Clean Technology company tenants. It also includes a special "soft landings" area for international entities to set up a presence in North America.
  • Optional tour to Argonne National Laboratory - one of the U.S. Department of Energy's largest research centers
  • An Innovation Competition that highlights emerging Clean Tech companies, allowing them to gain visibility
For more information, please click here.

Event Info
November 23-24, 2009

Federal Reserve Bank of Chicago
230 South LaSalle Street
University Technology Park at IIT
3440 South Dearborn Street