In the News
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| Cleversafe, a Tech Park graduate, raised a $31.4 million round of funding from Motorola, New Enterprise Associates and Chicago's own OCA Ventures, as reported in a New York Times article on October 27, 2010.
Cleversafe provides dispersed data storage solutions. The funding will allow the company to further expand into target markets such as government and public safety.
| Chromatin, Inc. extended its research and commercial license agreement with Syngenta Biotechnology, Inc. for corn and soybeans for Chromatin's proprietary gene stacking technology in September 2010. Read the full press release here.
Chromatin develops and markets novel proprietary technology that enables entire chromosomes to be designed and incorporated into plant cells.
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eMotion,a start-up founded by two IIT undergraduate students and a Tech Park graduate, raised a seed round of funding from private investors and the iVentures10 program.
eMotion creates and offers wireless devices that support communication between those who are physically separated but emotionally together in a simple and safe manner.
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Martin-Protean launched both human fluid analysis services and a new website in September 2010.
Martin-Protean works to answer protein structure questions for pharmaceutical and biotechnology companies and academic and national laboratories.
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ProOnGo's expense reporting application was listed as one of the "Best Apps for Business Humans" by Gizmodo in December 2010. Read the full story here.
ProOnGo helps mobile professionals manage and submit their business expenses with ease and efficiency through mobile device applications.
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Sword Diagnostics' technology was featured in the Summer 2010 issue of DX Directions from IVD Technology Magazine. Read the full article here.
Sword Diagnostics is a leader in making diagnostic tests more sensitive. |
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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.
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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.
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Technology Business Center atrium: upper level.
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Technology Business Center atrium: lower level.
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Greetings!
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, conferences, and networking events of interest to the Tech Park community.
We are pleased to announce that on September 9, 2010, the contract award documents for Incubator-South construction and furniture were deemed acceptable to the Economic Development Administration (EDA), and the contract amounts are fully eligible to be awarded. On September 14, 2010, IIT executed formal contracts with both Bovis Lend Lease and Office Concepts for the construction and furniture portions of project, respectively.
IIT now celebrates the capstone of the University Technology Park's development with the commencement of Incubator-South's construction: a 28,000-square foot building with space for 30 companies within 15 wet labs and 15 dry labs/offices. This project illustrates a comprehensive and integrated local, city, county, state, and federal strategic commitment to economic development.
If you have comments, questions or suggestions, drop me a line.
Sincerely,
Daniel F. Marselle
Director, University Technology Park at IIT
marselle@utp.iit.edu
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New Tech Park Client:
Intelligent Generation | | |
The University Technology Park's newest client, Intelligent Generation (IG), is working to make clean energy more accessible. The company's mission is to be a catalyst for clean energy adoption by networking distributed power sources into virtual power plants, and its vision is to democratize how power is produced, stored and delivered to make renewable energy economically compelling.
 Intelligent Generation uses patented technology to develop the IG Powerbroker, a smart device which, when combined with a stationary battery, can dramatically improve the economic efficiencies of a solar installation for large commercial structures or single family homes. The solution won IG first place at the 2009 Midwest CleanTech Innovation Competition.
Many factors led IG to the University Technology Park, not the least of which is the fact that the company's founder, Jay Marhoefer, is an IIT alumnus. According to Jay, a second reason is that IIT "makes it clear it wants to become a center of excellence in the smart-electricity revolution that has just started." A third and the most important factor is access to the brightest researchers and talents in the field of clean energy. Jay hopes that those at IIT who want to apply their skills and learning to a concrete business will find IG an exciting proposition.
IG will be celebrating the launch of its newest test site at the IIT Smart Grid Innovation Cluster in the Technology Business Center from 5:30 to 8:00 p.m. on Thursday, January 27, 2011. To learn more about Intelligent Generation, register online to attend the event or visit www.intelgen.com.
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Upcoming Events
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SBIR/STTR Grantwriting Workshop
You are invited to a 2-day intensive workshop sponsored by Biotechnology Business Consultants (BBC)that will cover all aspects of writing SBIR/STTR grants focused on life science technologies, including: eligibility, sources of funding and agency differences, understanding what reviewers look for, and step-by-step instruction on how to write each section of your proposal. The workshop will cover all agencies, including Department of Defense, National Science Foundation and the National Institutes of Health.
For more information, click HERE or contact Monique Velasquez at 312.422.1111 x 0. To register, click HERE.
Event Info
February 7 - 8, 2011
McDonnell Boehnen Hulbert & Berghoff LLP
300 South Wacker Drive
Chicago, Illinois
2011 iBio IndEx - Achieving Sustainability The iBIO IndEx is the premier life sciences event in the Midwest! Take advantage of this once-a-year event to meet and network with top executives, researchers, service providers and former colleagues.
This year the 2011 iBIO IndEx will feature a Business Partnering Program powered by the TVG Partnering Network. TVG is accessed through biopartnering.com - a powerful web-based platform that allows IndEx attendees to maximize networking opportunities before, during and after the IndEx.
Biopartnering.com showcases the companies and people driving life science innovation around the world and connects you to them. Upload your company profile, find the people you need to talk to, and request a meeting - it's that simple! Through biopartnering.com you can plan and schedule your event attendance to maximize your return.
After the event you can continue the conversation online and even reach out to new connections you met during the conference - all within one secure online business community.
For more information and online registration, click HERE.
Event Info
February 15 - 16, 2011
Hyatt Regency Chicago
151 East Wacker Drive
Chicago, Illinois
8th Annual Healthcare & Life Sciences Private Equity & Finance Conference Uncertainty has left many private equity and financing firms on the sidelines, but investors will soon demand a renewed deployment of capital. Along with companies seeking investment or financing, this program will explore new ways of building value in healthcare and life sciences investments, and to evaluate trends in niches within these industries with a view to mitigating risk. Click HERE to view the complete event agenda.
For more information and to register, click HERE.
Event Info
February 23, 2011 Palmer House Hilton 17 East Monroe Street Chicago, Illinois
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