TEC
Stephanie Larson
larson42@Illinois.edu
December 11, 2015
Technology Entrepreneur Center
• Created in 2000
• Located in College of Engineering
• Campus-wide entrepreneurship programs
provides students and faculty with the
skills, resources and experiences necessary to
become successful innovators, entrepreneurs and
leaders who tackle grand challenges and change
the world
www.tec.illinois.edu
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TEC Offers
COURSES
PROGRAMS
EXPERIENCES
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TEC Programs
• 5,000+ participants annually
• SocialFuse
• Cozad New Venture Competition
• Track for teams with technology
funded through the university
• Illinois Innovation Prize for $20,000
• Other entrepreneurial workshops,
courses and experiences
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Research Park at the University of Illinois
• The Research Park at the University of Illinois provides an environment
where technology-based businesses can work with the research faculty
and students on collaborative research and access UI services.
– 200 Acres adjacent to campus, developed with a private partner, 14 buildings
– 1,618 employees including 521 students
• The Research Park has 91 companies and employs people in high-tech jobs
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Fortune 500 firms: Yahoo, Caterpillar, State Farm, ADM, Grainger, Raytheon, Abbott, Dow, Deere
45 companies currently in the EnterpriseWorks startup incubator (203 startups since it opened)
Research Park Employment
1618
1574
1447
1378
FY2013
FY2014
FY2015
FY2016
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CORPORATE INNOVATION CENTERS
Best practices have been shared by leading corporations
with centers at the University of Illinois Research Park
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ADM Sustainable Bioenergy
Modeling Center
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Caterpillar Simulation Center
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Caterpillar Data Innovation Lab •
Citrix, Bytemobile operation
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John Deere Technology
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Innovation Center
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Dow Chemical Innovation Center •
Dow Agrosciences
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Raytheon, Cybersecurity
State Farm Research and
Development Center
Yahoo, Hadoop Center of
Excellence
Abbott Laboratories
Littelfuse
Riverbed
Ameren Innovation Center
Anheuser-Busch InBev
Foxconn Interconnect
Abbvie Innovation Center
Grainger
Turn
EnterpriseWorks Incubator
EnterpriseWorks (EW) is a 43,000 sq ft startup business incubator in the Research Park for early
stage tech firms. It is operated by the University of Illinois to launch successful startups.
Founders: Over half of our
current client companies
were founded by UIUC
faculty members. 93% of
our clients have founders
affiliated with the
university.
7%
9%
17%
65%
Faculty
UI Staff
UI Student
UI Alumni
External
2%
EnterpriseWorks Company Industry Sectors
20
Biotechnology
15
Clean Technology
10
Information Technology
Materials/Nanotech
5
Business/Consulting
0
Number of Current Firms
6
Research Park Contact Information
RESEARCHPARK.ILLINOIS.EDU
Laura Frerichs
University of Illinois
Research Park Director
60 Hazelwood Drive
Champaign, IL 61820
(217) 333-8323
lfrerich@illinois.edu
Peter Fox/Andrea Ruedi
Fox/Atkins Development, LLC
Development Partner for Research Park
1909 Fox Drive
Champaign, IL 61820
(217) 351-1430
info@fox-companies.com
Twitter: @UIResearch Park
Facebook: UI Research Park
YouTube: researchparkuiuc
Entrepreneur Listserv
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Entrepreneurship Roundtable
• Ad hoc committee with cross-campus representation and
leadership
• Backed by the Office of the Provost, who provides modest
budget for programming, branding
• Co-chaired by Andy Singer, Professor in Electrical and
Computer Engineering; and Raj Echambadi, Professor of
Business Administration
IVenture Accelerator Program
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Launched in Summer 2015, Illinois iVenture Accelerator allows top student
startup teams to spend the summer on campus with the time and support
they need build prototypes, create a value proposition, test demand, research
the competitive landscape, validate market size, progress in developing their
startup ventures.
$2,500 stipend per Fellow and up to $10,000 in seed funding per startup
Mentors, workshops, and competition for additional funding
Co-working space at Research Park designed to maximize productive collisions
between Fellows and the broader community
36 students and 13 startup companies
– 24 majors and minors represented
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Engaging with Chicago startup ecosystem: visits
to 1871, Chicago Innovation Exchange, Matter,
Chicago TechWeek
Space available to teams now in Grainger Library
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Entrepreneurship Forum
• The Provost's Roundtable on Entrepreneurship annually holds a campuswide Entrepreneurship Forum, highlighting the breadth of entrepreneurial
activities across campus for faculty, students, and academic professionals.
• This day-long event allows attendees to participate in hands-on workshops
and panel discussions to learn about topics such as: the Lean Startup
Method, How to Fund your Company and the Impact of Social
Entrepreneurship, and to participate in networking opportunities.
• Cozad New Venture Competition Finals and the announcement of the
$20,000 Illinois Innovation Prize (IIP) winner take place during the Forum.
• 2016 Entrepreneurship Forum: Thursday, April 28th
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Entrepreneurship Education
• Intent:
– Campus wide awareness of entrepreneurial
courses
– faculty to be aware of what other entrepreneurial
faculty are doing so resources can be shared (ex:
guest speakers, etc.)
• Entrepreneurial courses, certificates, etc.
offered through business, liberal arts, media,
engineering and more
http://entrepreneurship.illinois.edu/initiatives/academics.html
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Thank you!
Questions?