CICEP I N N OVATI O N A N D ECO N O M I C P ROS P ER IT Y U N IV ER S ITI E S AWA R DS P RO G R A M I E P CAT EG ORY • I N NOVAT ION CASE STU DY 201 5 Innovation at the University of Illinois Research Park The Research Park at the University of Illinois at Urbana-Champaign is a technology hub for corporate research and development operations and startup companies. Established in 2001 to help advance the economic development mission of the University, the Research Park has an estimated total annual economic output of $169.5 million. The Research Park provides an environment where technology-based businesses can work with University faculty and students and take advantage of opportunities for collaborative research. The Research Park serves corporations by providing workforce development needs, including a pipeline of tech talent and professional continuing education opportunities. In addition, the Research Park houses EnterpriseWorks, the University’s startup incubator. The Research Park significantly impacts the community by incubating new startups, attracting large corporations, creating jobs, and contributing millions of dollars in tax revenue to the state and local community. A visible result of the incorporation of economic development and innovation into its core mission, the Research Park has sprouted a vibrant, multidisciplinary community producing highly influential technological advances. RESEARCH PARK INNOVATION CENTERS Nineteen major corporations—nine of which opened in the last year—have innovation centers located at the Research Park. There is tremendous value gained from the corporate engagement with students and faculty. It often leads to greater corporate research and product development. February 2015 – Ameren Innovation Center Ameren Corporation, a St. Louis-based Fortune 500 energy company, is the first major energy company to open an Innovation Center on the University of Illinois campus. CICEP 2015 CASE STUDY | UNIVERSITY OF ILLINOIS | 2 The Ameren Innovation Center collaborates with students, faculty, and other Research Park companies across multiple industries to foster an exploratory environment that focuses on innovations to help Ameren better meet the future needs of its customers. Undergraduate and graduate students from many disciplines work on projects ranging from data analytics and mobile applications to projects that focus on the needs of the utility of the future. Some of these projects will leverage the Ameren Illinois’ Technology Application Center in Champaign, an on-grid testing facility for smart grid technologies. Vice President for Research Larry Schook at Ameren Innovation Center “The opening of the Ameren Innovation Grand Opening Center represents growth, opportunity, prosperity, and competitiveness,” said University of Illinois Vice President for Research Larry Schook. “The new Innovation Center here in Research Park provides an opportunity for University of Illinois students to gain valuable work experience as they prepare to enter the workforce. And with the help of some of the world’s brightest students and faculty, this partnership will result in innovative strategies that help modernize energy delivery in Illinois.” February 2015—Caterpillar Data Innovation Lab Caterpillar’s first data innovation lab is located in the University of Illinois Research Park. The lab brings together resources from key fields for the company’s research and development efforts, including engineering, computer science, operations research and statistics, to drive innovative development through data analysis. Work at the data innovation lab focuses on the exploration of emerging and disruptive data-based technologies and advanced analytics technologies, demonstrated through proof of concept projects. The lab also expands upon Caterpillar’s existing recruitment efforts with the University to engage future science, technology, engineering and mathematics (STEM) talent through novel research and development opportunities, which is a key component of the company’s innovation strategy. The Caterpillar Simulation Center, also located in the Research Park, is a leading engineering hub for virtual product Research Park Director Laura Frerichs is joined by elected officials, University leadership, and Caterpillar staff at the Caterpillar Data Innovation Lab Grand Opening CICEP 2015 CASE STUDY | UNIVERSITY OF ILLINOIS | 3 development, advanced simulation and design solutions. It operates in conjunction with the University of Illinois’ National Center for Supercomputing Applications (NCSA) and celebrated its 15th anniversary last year. January 2015—AbbVie Innovation Center AbbVie—a global research-based biopharmaceutical company—launched the AbbVie Innovation Center at the University of Illinois Research Park as a collaborative work center with a focus on information technology research and development. Undergraduate and graduate students work on a variety of projects ranging from utilizing visualization software to harnessing the power of reporting tools to using informatics, text mining and other analytics software to uncover connections in medical research, all of which can lead to discoveries that will improve patient care. AbbVie Innovation Center interns “Research Park prides itself on providing students with experiential learning opportunities that prepare them for the workforce and to be productive citizens that contribute to the state’s economic growth,” said Research Park Director Laura Frerichs. “Students employed by the AbbVie Innovation Center not only gain valuable work experience, but they have the opportunity to develop innovative therapies and impact people’s lives. NSF I-CORPS The National Science Foundation Innovation Corps (NSF I-Corps) program prepares scientists and engineers to commercialize their research discoveries into marketable technologies. The University of Illinois at Urbana-Champaign is one of ten I-Corps Sites in the country. The site prepares teams to apply for the national I-Corps program in partnership with the University’s Office of Technology Management, IllinoisVENTURES, EntepriseWorks, and the Technology Entrepreneur Center. Since 2013, 51 University of Illinois teams have participated in the I-Corps program. Photonicare, a startup company that developed a novel otoscope that allows physicians to better diagnose and manage ear infections, participated in the NSF I-Corps program, which led to direct contact with more than 40 potential customers and the company’s acceptance into a national program that provided access to some of the top otologists in the world, access to an additional 120 customers, invaluable business connections, funding, and a Food and Drug Administration (FDA) Pediatric Device Innovator Award. “NSF I-Corps was instrumental in the successful launch of PhotoniCare,” said Dr. Stephen Boppart, University of Illinois at Urbana-Champaign Professor and Co-founder of PhotoniCare. “This public-private partnership program is a vital component of the CICEP 2015 CASE STUDY | UNIVERSITY OF ILLINOIS | 4 University of Illinois’ innovation pipeline, and on behalf of faculty researchers, we are very fortunate to have access to this opportunity.” CONCLUSION The Research Park at the University of Illinois is the most visible result of the incorporation of economic development into the University’s core mission. Its corporate innovation centers and entrepreneurial support programs such as NSF I-Corps, provide innovative opportunities for faculty and students to collaborate with industry. The Research Park’s thriving innovative community is the result of an intentional transformation in the University of Illinois’ approach to entrepreneurial activity, one that encompasses the entire campus and local community. CICEP 2015 CASE STUDY | UNIVERSITY OF ILLINOIS | 5