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News /  Events  / Resources       SPRING-SUMMER 2012

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TOP AWARD for Advanced Cooling Therapy


Advanced Cooling Therapy logo

AwardThe Illinois Biotechnology Industry Organization (iBIO) and PROPEL have chosen UTP resident company Advanced Cooling Therapy, LLC as the winner in their annual Business Plan Competition.

The $10,000 cash prize and recognition were announced April 26 at iBIO's 2012 Industry Exposition at the University of Illinois Chicago.


"We are thrilled to receive this award," says Advanced Cooling Therapy CEO Erik Kulstad, MD, MS. "Our thanks go to PROPEL and iBIO for this honor and the opportunity to receive feedback from potential investors."


Advanced Cooling Therapy has created an innovative method for regulating patient body temperature, which is important following heart attacks and during surgery or episodes of high fever. The new approach is faster, easier, safer and less expensive than current methods. "Our device can be inserted in under a minute by anyone with standard medical training, and since it's placed into the non-sterile environment of the esophagus, infection risks are eliminated," Kulstad notes.

NewNEW AT UTP: Meet 2 biotech leaders


Based in Carbonne, France, INNOPSYS is a world-renowned manufacturer of fluorescence microarray scanners and image analysis products that allow research scientists to capture detailed data from genomic and protein microarrays. With a worldwide distribution network encompassing 35 countries, the company recently selected UTP as an ideal base of operations for expansion into U.S. markets.


"We see Chicago as a hotbed of growth for biotech enterprise," says Richard Pasquesi, Sales and Marketing Manager for INNOPSYS. "Locating here will enable us to build a strong network serving U.S. research, diagnostic, and industrial users." To complement its state-of-the-art microarray scanner line, the company plans to introduce a microcontact printer for use in microsystems, biotech and microfluidics research.


 MedTech Detect


This new UTP company is developing effective, economical solutions to modernize point-of-care (POC) medical testing in real-world environments. Using newly patented technologies to create these platforms, MedTech Detect aims to improve POC testing in hospitals, medical offices, surgical suites and emergency rooms with approaches that can also be used in the field. The company's Smart Polymer platform provides quick, on-site results for a wide range of needs, including detection of drugs, bacteria, proteins and other elements with 99% accuracy. Test platforms can be used in virtually any setting.

InnovationINNOVATION and the law

On March 8, Heather Harper of the Chicago-Kent College of Law's Entrepreneurial Law Clinic spoke to member companies and guests at our Connectiivity @ Noon series. The clinic provides counsel to business owners and founders on legal matters often faced by early-stage companies. Issues may include choice of entity and entity formation, contract drafting and review, corporate governance questions, basic trademark searches and more.

 Harper discussed how new enterprises can protect trade secrets, comply with employment laws and keep organizational structures sound as their operations expand. Learn more about clinic services here.   



A 21-member delegation of scientists from the Czech Republic recently met at University Technology Park to learn more about opportunities for international collaboration through biocluster communities like ours.


Hosted in partnership with Ambassador Dana Hunatova, Czech Consul General in Chicago, the meeting also gave scientists an overview of government incentives for collaboration with U.S. entities. The symposium welcomed 28 other guests from U.S. government, business and higher education.



Top Award for Advanced Cooling Therapy



Inc Exterior



Cleversafe, Inc. forms a new alliance with Lockheed Martin for secure, distributed storage cloud offerings.  More > 


View all press releases from UTP companies    


 Connectiviity @ Noon: Preparing your Company for Venture Capital 


When: Thurs. June 28 Where: IIT Tech Business Center, 3440 S. Dearborn

Cost: Free, lunch incl.


Barbara Goodman, Senior VP with iBIO Institute, will outline what venture capitalists in life sciences, health care and other industries look for when making new investments. We'll also hear from Orlando Saez, Deputy Director of the Illinois Department of Commerce and Economic Opportunity's Office of Entrepreneurship, Innovation & Technology, who will explore opportunities with the Invest Illinois Venture Fund.


REGISTER BY Thurs, June 21: Contact UTP Director Daniel Marselle.



 Midwest Clean Tech Conference 2012


When: Wed. Sept. 12

Where: McCormick Place, Chicago


UTP is a proud sponsor of this 5th annual showcase of clean technologies from around the world. Companies focused on sustainable methods for energy storage, food and agriculture, finance, manufacturing, transportation and  logistics will benefit. Find conference info here.


All finalists in the conference's Brinks Innovation Competition will be eligible for discounted rates on lab or office space at UTP. View the competition application here.




University Technology Park at Illinois Institute of Technlology
3440 South Dearborn, Chicago, Illinois 60616 
Dan Marselle, Director  marselle@iit.edu