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News /  Events  / Resources       SPRING 2013

WELCOME to 2 new companiesWelcome 


DonorPath Logo  

Newly located at UTP's Incubator-South, DonorPath offers an innovative intelligence platform to help nonprofit organizations tap existing data for stronger fundraising results, says company founder Brian Lauterbach. "We create, visualize and share new performance insights with our clients to help staff and volunteers align strategy, budget and decision-making with revenue goals," he explains. Insights are shared with fundraising experts who can help clients shape data-driven plans for success.


Joulenza    Joulenza Logo



Already known as makers of flexible electric heaters for industry, Joulenza will enter a new phase of research and development in newly leased dry-lab space at Incubator-South. "We will be exploring new concepts involving zero-expansion ceramics, advanced simulation for welding of plastics and infrared imaging applications," says founder Enoch Zenteno.


SIGENICS expands at UTPSigenics

  At a March 8 open house, Sigenics Inc. celebrated the success that prompted its recent move to larger space at UTP's Incubator-South, where the company's engineering and production teams will work side-by-side.



"The new space is great for us," says Sigenics President and IIT faculty member Philip Troyk, PhD. "Having the ideal configuration for each team member with all functions under one roof is a real advantage."


With 12 employees in Chicago and Sierra Madre, California, the company expects to reach $2.5 million in sales this year, delivering more than 150,000 custom integrated circuits destined for aircraft and aerospace applications and developing new designs for industrial and medical devices.

ADVANCED COOLING THERAPY movesACT forward with patents, new investors 


Advanced Cooling Therapy logo
Less than a year after moving to UTP, Advanced Cooling Therapy, LLC has gained wide attention for its method of regulating body temperature and inducing therapeutic hypothermia in critical medical situations. With 2 more  patents issuing soon and CE marking expected from European Union officials this summer, company leaders are pleased with recent achievements, says ACT CEO Erik Kulstad, MD, MS.


ACT leaders addressed investors at the recent Texas Life Sciences Venture Forum at Rice University in Houston and the Healthcare and Life Sciences Private Equity and Finance Conference in Chicago. ACT also earned the Best Business Model of 2012 award from the New Enterprise Forum in Ann Arbor, Michigan. The company has closed nearly 2/3 of its current $1.2 million convertible note, working with a range of U.S. investors, Kulstad reports.

SWORD captures Keiretsu Forum fundingSword


Sword After its selection as Most Valued Company at the Keiretsu Forum Angel Capital Expo in San Francisco, UTP resident company Sword Diagnostics has earned significant new funding from the global angel investment group, reports company leader David Dingott.


Sword's cutting-edge methods increase the sensitivity and accuracy of tests used in drug discovery and medical diagnostics. "We are open to additional investors who are interested in our lifesaving technologies," Dingott says.

ArborVita Associates, LLC Logo 

ARBORVITA wows investorsArborVita


Officials from UTP resident company ArborVita Associates shared their direct, rapid and precise technologies for modifying the genes of experimental living systems at the 10th Annual Healthcare and Life Sciences Private Equity and Finance Conference in Chicago.


Presented by McGuire Woods LLP and McGladrey LLP, the 2-day gathering featured 10 carefully chosen startups. "The conference was a valuable opportunity for us to build relationships with potential investors and establish new development partners," says ArborVita's Vice President of Scientific Development Michael Seiler, PhD.




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The Little Engine that Could, from HEVT, Crain's Chicago Business, Feb. 11
Nooner2Connectiviity @ Noon: Legal Issues for Growing Businesses
Fri., Apr. 19, 12 noon
UTP Technology Business Center, 3440 S. Dearborn
Attorneys from Venture Best, the engineering technology focus group at law firm
Michael Best & Friedrich LLP, will address critical issues for entrepreneurs who seek to build high-impact businesses. Topics will follow the interests of seminar attendees and may include venture capital, intellectual property, employment, tax and real estate law. REGISTER and share your questions by Fri. Apr. 12:
Dan Marselle, marselle@iit.edu.

UTPHostsBioUTP hosts BIO 2013 sessions


On Mon. April 22, UTP will host a day of events leading up to the International Biotechnology Convention (BIO 2013) at nearby McCormick Place. The gatherings will foster collaboration among leading bio-pharma companies and the growing number of life science cluster communities, research parks and tech parks worldwide. Hosted in partnership with the Association of University Research Parks (AURP) and BIO 2013's international programming consultants, the 3 events will feature a variety of speakers, including UTP Executive Director David Baker. Find full details here.


NewRulesNew fed funding rules for startups


New regulations will set aside 25% of Small Business Innovation Research funds from the National Institutes of Health, the National Science Foundation and the Department of Energy for businesses that are majority-owned by multiple venture-capital firms. The updated rules also reserve 15% of funds from other federal grant-making agencies for companies that meet the same criteria. Learn more at the Biotechnology Industry Organization (BIO) website.



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