|In the News|
Opening of New Metra Station at 35th StreetIn addition to the multiple mass transit options of the CTA Red Line at the Sox 35th Station, the Green Line at 35th Bronzeville IIT, and CTA bus lines with stops on main campus, IIT and the University Technology Park is now connected by a new Metra station, "Lou" Jones/ Bronzville station at 35th street, located just east of the Dan Ran Expressway. On April 3rd 2011, just days before the Chicago White Sox kicked off their 2011 season at US Cellular field, construction of "Lou" Jones was completed, and Rock Island trains began stopping at the station. Named after Lonava S. "Lou" Jones, a state lawmaker who represented the area for 20 years and passed away in 2006, the station is Metra's first in five years and features eight-car platforms, heated platform shelters, stairways, bicycle ramps, lighting, benches and the Metra's audio and visual information systems. On weekdays, an average of 26 inbound trains and 21 outbound trains stop at the station, and it is also served by all weekend trains. The station is a viable option for employees and students who travel from the suburbs to the University and UTP.
Sword Diagnostics receives Angel Funding
Sword Diagnostics, headquartered at the University Technology Park is one among the select few businesses registered and qualified for the Illinois Angel Investment Credit Program operated by the Illinois Department of Commerce and Economic Opportunity. The credit program allows for investors to receive tax credit upon investment in a qualified, innovative business initiative in Illinois, thus encouraging capital investment and job advancement. Sword Diagnostics is a cutting edge life-sciences company, aimed at improving health care by developing sensitive biomarker tests at lower costs. Since the Sword detection system is compatible with existing ELISA - based diagnostic assays, it doesn't require a custom format, antibody system or any other new assay chemistries, enabling life scientists to study and quantify newly emerging, low abundance biomarkers with ease.
August 8, 2011-Chicago Tribune
Companies doing more with less labor, not changing anytime soonBy Kristin Samuelson
We're all well-aware of the "Debbie Downer" news: Our unemployment rate is at 9.1 percent; the stock market has seen better days; gas and food prices are on the rise; consumers are barely spending.
July 19, 2011-Crain's Chicago Business
Launching an App? Think Beyond the 99-cent DownloadBy Steve Hendershot
It's hard to compete with free. Yet that's something companies must do if their primary line of business is based on a mobile app. https://home.chicagobusiness.com/clickshare/authenticateUserSubscription.do?CSAuthReq=1&CSProduct=crainschicago-web&CSTargetURL=http://www.chicagobusiness.com/article/20100717/ISSUE02/100033701
June 15, 2011-Crain's Chicago Business
Campus Incubators Helping Startups Grow from Seedlings to Standalone BusinessesBy Kevin McKeough
Universities often are the places where the technologies behind new businesses are discovered. Increasingly, universities also are providing the spaces where high-tech businesses can grow.
June 9, 2011-Tecan Journal
The Cutting Edge of Assay Development
Tecan has partnered with Sword Diagnostics, a leader in detection chemistries, to optimize the sensitivity of immunoassays using the patented Sword™ Detection System on the flexible InfiniteŽ M200 and Infinite M1000 microplate readers. http://www.universitytechnologypark.com/mediaroom/PDF/tecan_journal_02-2011.pdf
August 10, 2011 ProOnGo Connects Android, BlackBerry and iPhone to QuickBooks Expense Tracking Capabilities
ProOnGo LLC, maker of the award-winning mobile expense tracker for small businesses, today launched the intuitive ProOnGo Expense mobile application on Intuit App Center, a destination for small businesses to find and use apps that work with QuickBooks.
August 1, 2011
Land O' Lakes Subsidiary Winfield Solutions and Chromatin Join Forces to Develop and Market Forage Sorghum Seed Today Winfield Solutions LLC, a subsidiary of Land O' Lakes and a leader in providing inputs to agricultural markets, and Chromatin, Inc., a privately held provider of innovative crop breeding technology, sorghum seed products and energy crop feedstocks, announced they have joined forces to market and develop forage sorghum hybrids. http://www.businesswire.com/news/home/20110801005305/en/Land-O'-Lakes-Subsidiary-Winfield-Solutions-Chromatin
March 15, 2011
Chromatin Announces Dual-Purpose Hybrid Sorghum for Sugar and Bioenergy Production Today Chromatin Inc. announced its dual-purpose SweetFuel™ sorghum hybrids, which combine high yields of both fermentable sugar and biomass per acre. Chromatin's SweetFuel™ hybrids are ideal for capturing the value of sugars produced in sorghum juice as well as the additional value of the energy stored in biomass or bagasse. http://eon.businesswire.com/news/eon/20110315006498/en
March 8, 2011
Advanta US and Chromatin, Inc. Announce Commercial License Agreement for Sorghum Germplasm Advanta US and Chromatin, Inc. have entered into a commercial license agreement for the development of sorghum.
March 1, 2011
Chromatin's Sorghum Hybrids Top in Biomass Yield, Energy and Sugar Content Today Chromatin, Inc., announced that its sorghum hybrids showed top performance in its 2010 biomass and sugar testing programs when compared to other materials from public, private, and commercial sorghum collections. http://www.businesswire.com/news/home/20110215006690/en/Chromatin%E2%80%99s-
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.
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.
Technology Business Center Atrium
Incubator Wet Lab & Dry Lab
Welcome to our 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 June 2, 2011, the Incubator-South building was issued a certificate of occupancy by the City of Chicago. The completion of Incubator-South construction marks the capstone of the University Technology Park's Phase I development, since its inception in 2006. Supplementing the existing 5,000 square feet of Incubator-North space with an additional 28,000 square feet, the state-of-the-art Incubator includes 19 wet labs with adjacent office spaces, 9 dry labs and 6 full furnished offices, which can accommodate more than 30 technology-based, start-up companies. The Incubator is home to six companies and the total number of UTP companies is 23.
To celebrate this major milestone, a new UTP web site will be launched in early September (using the same URL of http://www.universitytechnologypark.com/), and a formal dedication is also planned for the Fall of 2011.
In addition to the space, companies benefit from convenient access to business and product development services and university resources such as an exceptional student work force and the informal intellectual exchange and shared services with IIT's faculty and research departments. A newly updated UTP Services Directory summarizes these resources. For more information, go to:
If you have comments, questions or suggestions, drop me a line.
Daniel F. Marselle
Director, University Technology Park at IIT
New Tech Park Clients:
Adica LLC, is the pioneer of Smart Market services, a radical initiative dedicated to empowering energy companies and government agencies with the ability to track, monitor and manage their energy consumption. The company's mission is to equip producers and consumers worldwide with the brainpower to make informed operational, investment and policy decisions in a Smart Grid environment.
Where existing traditional solutions fail to keep abreast of changing environmental regulations, market rules, smart grid technology or consumer behaviors, Adica's innovative Smart Market software addresses all these and more by modeling the independent behaviors of energy suppliers, consumers and regulators. What truly sets Adica apart is its ability to outfit companies with accurate analytics, thus reducing risks, capital expenditures and conserving resources, while increasing profits. In addition to North America, Adica's software can also be found in Africa, Asia, Europe, Latin America and the Middle East. In its pursuit of worldwide sustainable development, Adica has partnered with Argonne National Laboratory to develop innovative and cutting edge solutions to energy consumption.
Arcanum Alloy Design, Inc. is a materials science and engineering company founded to develop next-generation metal alloys and novel processes for their efficient production.
Lenticular Research Group's mission is to formulate and fund research on the crystalline lens of the eye. The goal of this work is to develop processes, procedures, and products that will effectuate the prevention or delay of presbyopia and age related cataracts.
Odio Concept is a French company that is the first client of the University Technology Park's International Soft Landing Center of Chicago. Odio provides an innovative approach to designing active audio systems for residential and commercial facilities. Odio's technology relies upon a detailed understanding of vibro-acoustics (the study of how materials vibrate) combined with high capacity piezoelectric ceramics that can activate the acoustic properties of these materials. The result is the creation of high-quality sound systems out of everyday objects, such as ceiling panels, lampshades, or artwork; and out of a variety of materials, such as cardboard, plastic, and even leather. An Odio system can be fitted to existing elements or created from scratch. The company's technology requires relatively little power, making it energy efficient and water-resistant. The firm has successfully executed audio solutions for meeting rooms, cinemas, lamp manufacturers and art exhibitions in France and is now exploring the North American market. Odio was the 2009 Winner of the "Contest for Innovative Creative Technologies" sponsored by the French Ministry of Research and also garnered the Silver Medal in Innovation in the finishing and decoration category at BATIMAT 2009, a France-based gathering of the international construction industry.
SAMDI Tech, Inc. is a contract research organization that performs assays and high throughput screens for its clients. The company uses a proprietary label-free assay technology to perform rapid and quantitative assays of challenging biochemical targets.
Therapeutic Proteins Inc. (TPI) has expanded into Incubator-South, where it has created a development lab for new biosimilars. Therapeutic Proteins Inc. (TPI) and its subsidiary Therapeutic Proteins Ltd. (TPL) are a world-class global developer and supplier of biosimilar recombinant therapeutic proteins as active pharmaceutical ingredients (API). Manufactured in fully FDA cGMP (current good manufacturing process) compliant facilities, its products meet or exceed all worldwide compendia specifications available. TPI is headquartered at the Technology Business Center in the University Technology Park. According to the company CFO and Vice Chairman, Thomas Flynn, "there were just too many positives!" - "Location in a metropolitan city like Chicago, a comprehensive transportation infrastructure, intricately designed office spaces, support services such as the student work force and state of the art facilities and equipment."
SBIR/STTR Grant Writing Workshop
If you plan on submitting an SBIR/STTR proposal sometime in the next 12 months, are interested in working with/supporting SBIR/STTR applicants, or are interested in simply learning about the program to gauge interest for possible future submissions, this is the workshop you need! iBIO's Propel invites you to a 2-day intensive workshop 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 (DOD), National Science Foundation (NSF) and the National Institutes of Health (NIH), with detailed emphasis on NIH. To register, go to http://www.ibiopropel.org/propel/SBIR.html before September 19, 2011. Or contact Monique Velasquez with any questions at 312.444.1111x6 or firstname.lastname@example.org.
September 26 - 27, 2011
9am - 4pm
Ernst & Young
155 N. Wacker Drive
Chicago, IL 60606
Clean Tech 2011
It's that time of the year again! The Midwest Clean Tech 2011 will take place at the Federal Reserve Bank of Chicago on the 14th of September and you are invited! This year, the University Technology Park will be hosting the Midwest Clean Tech 2011 opening reception in the Technology Business Center on September 13th from 5:30pm to 8:00pm. Entrepreneurs - take advantage of this once a year event to connect and network with an international audience of clean tech leaders, government officials, clean tech-focused venture capitalists and financiers, potential customers, and corporate R&D and business development executives. The theme of this year's conference, Innovation - Partnering in a Global Economy promises to be a collaborative, international event, featuring exiting technologies from across the sector. In addition, participants will have the unique opportunity to engage with top keynote and panel speakers, innovators and financers within the community.
Go to http://www.midwestcleantech2011.com/?page_id=58 to register.
September 13 - 14, 2011
230 S. LaSalle Street
Building Intellectual Property Assets
Women in Bio (WIB) would like to invite you to their upcoming event, a panel discussion on Building Intellectual Property Assets. Featured panelists include, among others, Nicole Walker of Abbott Ventures and Amy Wilson of Baxter Healthcare. In addition to examining the important factors that are considered by potential investors, partners and acquirers when evaluating an intellectual property portfolio, the panel will also focus on strategies to adopt for optimization of portfolio value while managing costs.
Register by September 15, 2011 at: http://www.womeninbio.org/chapter-chicago.shtml
Thursday, September 22, 2011
5:30 p.m. - 6:30 p.m. Networking Reception
6:30 p.m. - 8:00 p.m. Panel Discussion
Illinois Science + Technology Park, Skokie, IL
Auditorium at 8045 Lamon Avenue
Parking at 4835 Searle Parkway