Research ParkArchive for the ‘’ Category

Veriflow Systems, Inc. Announces Expansion in Champaign

From the press release:

San Jose, CA based Veriflow Systems, Inc., has announced its expansion in Champaign, Illinois with the leasing of 4,200 square feet of office space on the 2nd floor of One Main Plaza at 1 East Main Street in Downtown Champaign. Verifow is relocating from its current space at Enterprise Works at the Research Park at the University of Illinois – Urbana Champaign campus. Veriflow will join fellow high tech company, Volition, in occupying the majority of the office space at One Main Plaza.

Veriflow was created by a team of computer science professors and PhD students at the University of Illinois at Urbana-Champaign. Veriflow is the first networking company to use continuous network verification to eliminate network outages and vulnerabilities. Veriflow’s mission is to apply formal mathematical verification to complex networks, preventing outages and breaches that lead to astronomical losses.

Veriflow is backed by a strong team of investors, including New Enterprise Associates, Menlo Ventures, the National Science Foundation, and the US Department of Defense. In October, Veriflow won Barclays 2016 Open Innovation Challenge award, beating out more than 100 global technology companies for the honor. Veriflow was founded by Matthew Caesar, PhD, Brighten Godfrey, PhD, and Ahmed Khurshid, PhD. All three hold Associate Professor positions in Computer Science at the University of Illinois, Urbana-Champaign.

Veriflow is planning to occupy the space at One Main Plaza, after renovations are completed on the existing office space, with a target move date of April, 2017. With their expansion, Veriflow will increase employment in the Champaign market, capitalizing on the strength of the computer science program at the University of Illinois.

“With the physical Tier 1 amenities, access to public transportation and proximity to the university, One Main in Downtown Champaign was an ideal location to for our expansion,” said James Brear President and CEO of Veriflow.

“One Main Development is excited to welcome Veriflow Systems, Inc. to join the prestigious businesses that make their home in Downtown Champaign,” says Dave Jones, President. “As downtown has been evolving back into a central business district, we are pleased that such a respected tech company will be taking advantage of the environment for their own business growth and development. It has been a great pleasure working with the Veriflow team and we are looking forward to welcoming them into One Main Plaza.”

“I’m excited to welcome Veriflow as it expands into Champaign’s booming downtown tech center. World leading technology companies continue to grow and thrive in Champaign, and we welcome the new opportunities and jobs this will mean for our community” stated Champaign Mayor Deborah Frank Feinen.

“Veriflow’s decision to grow in the Champaign-Urbana community is fantastic news,” said Craig Rost, Executive Director of the Champaign County Economic Development Corporation. “Evolving from their location in EnterpriseWorks, the University of Illinois Research Park incubator, into the downtown Champaign location with other high tech employers is the perfect success story for the company and for Champaign County. We look forward to working with Veriflow, another great example of our ‘Heart of Innovation’ legacy here in our community and University.”

One Main Plaza offers retail and office space for lease at its premier location on the corner of Neil and Main Streets in downtown Champaign. Its largest office tenant is Deep Silver Volition, a well-known gaming design firm. Big Grove Tavern, Kofusion, Snow Meets Coffee and Merry Ann’s Diner restaurants occupy the first floor, along with Hada Cosmetic Medicine.

Guth & Associates/Fairlawn Real Estate represented Veriflow Systems in securing their space at One Main Plaza and Coldwell Banker Devonshire Realty represented One Main Development, LLC in the transaction.

Veriflow is the first networking company to use continuous network verification to eliminate network outages and vulnerabilities. The company was created by a team of computer science professors and Ph.D. students at the University of Illinois at Urbana-Champaign, and is backed by New Enterprise Associates (NEA), Menlo Ventures, the National Science Foundation and the U.S. Department of Defense. The company is headquartered in San Jose, California. To learn more, visit veriflow.net and follow us on Twitter @veriflowsystems.

Other Veriflow Information and Links:

Download a PDF of the press release here.

II-VI EpiWorks Announces Major Expansion in Champaign

II-VI EpiWorks has announced a major expansion in Champaign – a new state-of-the-art production facility. The expansion is expected to be complete by mid-2017 and will enable a quadrupling of capacity in Champaign over the next three years. This project will bring 100+ new high tech jobs to our area.

“EpiWorks is a true community success story,” said Craig Rost, Executive Director of the Champaign County Economic Development Corporation. “The company started here in Champaign-Urbana at the University of Illinois, eventually graduating from EnterpriseWorks tech incubator in UI Research Park, and growing to a facility in Champaign. The acquisition of EpiWorks by II-VI, a leader in semiconductor lasers, expanded their market and production capability and gave our community a chance to grow a high tech employer. Their expansion here in Champaign County will add 120 new tech and engineering jobs and create a real boost to the local economy.”

“We had the pleasure of working with the II-VI EpiWorks team on their expansion plans,” said Rost. “We helped secure an EDGE Tax Credit for the company through the Illinois Department of Commerce.”

From the press release:

II-VI EpiWorks Undergoing Major Expansion

Champaign, IL, November 28, 2016 (GLOBE NEWSWIRE) – The II-VI EpiWorks Division of II‐VI Incorporated (NASDAQ:IIVI), a leading provider of compound semiconductor epitaxial wafers, today announced that it is breaking ground on a new state-of-the-art production facility in Champaign, Illinois.

The expansion is expected to be complete by mid-2017 and will enable a quadrupling of capacity in Champaign over the next three years. In addition to substantial epitaxial wafer production space, the new cleanroom will house a state-of-the-art wafer characterization and test laboratory. To operate the new facility, EpiWorks is actively recruiting experienced managers, engineers and technicians. This aggressive expansion enhances EpiWorks’ leadership position in the global compound semiconductor industry, supporting the performance and volume requirements for several key components that enable multiple growing markets. These include InP and GaAs-based optoelectronic communication components for cloud computing and datacenters, VCSELs for 3D sensing and next generation wide bandgap devices for 5G wireless infrastructure.

“High-performance compound semiconductors are required to meet the performance needs of modern communication networks, sensors, smartphones, wireless communications networks, and datacenters. Our technology is being adopted in many applications, and we are ensuring that our capacity continues to meet customer demand now and in the future,” said Giovanni Barbarossa, Chief Technical Officer and President of the Laser Solutions Segment. “The new capacity will support our RF and photonics businesses, and we will have more resources to research and develop new materials and products.”

“Immediately after merging with II-VI in February, we ordered three new MOCVD production tools and filled our current cleanroom space. These systems have already been installed, and we have now moved into the next phase of growth by expanding our cleanroom space, launching an aggressive hiring plan, and working to build the industry’s most technologically advanced and efficient manufacturing line.” said Quesnell Hartmann and David Ahmari, co-founders of II-VI EpiWorks.

“It is great to see EpiWorks continue to grow and create jobs in Illinois,” Illinois Governor Bruce Rauner said. “This company has a strong Illinois history, having been founded by University of Illinois alumni. EpiWorks’ success in Illinois is a testament to our state’s research universities, the ingenuity of our workforce, and the innovative community in Champaign Urbana. We hope to continue to be a partner with them to help grow their business within our borders and build upon this success.”

About II-VI Incorporated
II-VI Incorporated, a global leader in engineered materials and opto-electronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets.

About II-VI EpiWorks
II-VI EpiWorks develops and manufactures compound semiconductor epitaxial wafers for application in optical components, wireless devices and high-speed communication systems. The company’s products provide these applications additional performance, such as greater bandwidth, higher power efficiency and better reliability. To learn more about EpiWorks visit www.epiworks.com.

CONTACT:
Dawn Sandone
217-531-6514
dawn.sandone@ii-vi.com
www.epiworks.com

View photos & video from the groundbreaking ceremony on November 28, 2016.

Press:

II-VI EpiWorks celebrates groundbreaking for upcoming major expansion, Smile Politely

II-VI EpiWorks Undergoing Major Expansion, The Wall Street Journal

Local High-Tech Company Expands Production Worldwide, FOX 55/27 Illinois

II-VI EpiWorks Breaks Ground On New US Production Facility, Compound Semiconductor

EpiWorks breaks ground on production expansion and wafer characterization and test lab, Semiconductor Today

II-VI breaks ground on VCSEL site expansion, optics.org

Innovation Celebration 2017: Save the Date + Nominations Open

We are pleased to announce the 12th Annual Innovation Celebration in recognition of those individuals and organizations that have made significant contributions, taken risks, and provided leadership to ensure the continuing economic success of Champaign County, the ongoing success of the University’s economic development mission, and the growth of entrepreneurial talent and energy in our community.

Friday, March 3, 2017
5:30-8:30 pm

Parkland College – Student Union
2400 West Bradley Avenue 
Champaign, IL 61821

#INNCEL

The awards have been established to recognize the various ways in which individuals and organizations have utilized innovation, creativity, and leadership for entrepreneurial endeavors and economic development in the community. Please nominate as many people/organizations as you would like. Nominations are open to the public and will be accepted through 4 pm on December 9, 2016.

– Nomination link: http://go.illinois.edu/2017ICNominations
– RSVP link: http://go.illinois.edu/2017ICAwardRSVP

Nominations will be viewed and judged in early December 2016 by a panel of past winners, sponsors and community & university leaders. Finalists will be announced in early 2017.

Innovation Celebration is hosted by the Champaign County Economic Development Corporation in partnership with the University of Illinois at Urbana-Champaign, Parkland College, and community sponsors.

For more information, visit http://innovationcelebration.com/.

2016 Central Illinois Tour

Together with the EDC of Decatur & Macon County, Illinois Small Business Development Center at Champaign County EDC, and Midwest Inland Port, we hosted a Central Illinois Tour of the Decatur and Champaign-Urbana communities October 4-5, 2016.

Purpose: an opportunity for Chicago Consuls General and Trade Commissioners to tour the Central Illinois region to experience the rich resources, visit educational institutions, tour manufacturing companies, and view the Midwest Inland Port.

For the two-day event, we hosted 23 attendees, representing 14 different countries. Those countries included: Mexico, China, Finland, Belgium, Ecuador, Lithuania, South Africa, Philippines, Pakistan, Hungary, Canada, Macedonia, France, and Taiwan.

Caterpillar, Inc.

On Tuesday, October 4, attendees were in Decatur to learn about and tour the Midwest Inland Port, Caterpillar Inc., and Fuyao Glass Illinois.

  • The Midwest Inland Port is a multi-modal transportation hub that delivers both domestic and international flexibility for companies through a well-positioned transportation corridor, connecting the Midwest to the East, West and Gulf Coasts of North America. Strategically located, the port consists of 3 Class I railroads, an intermodal ramp, quick access to 5 major roadways and an airport equipped with a U.S. Customs Office and runways capable of handling wide-body aircraft. With a market reach of 95 million people within a 1-day’s truck drive, it’s no surprise Decatur was ranked 3rd in the nation as an Emerging Logistics and Distribution Center by Facilities Magazine.
  • Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For 90 years, Caterpillar has been making sustainable progress possible and driving positive change on every continent. The Caterpillar Decatur facility was established in 1955. Their committed employees manufacture superior products including off-highway trucks, wheel tractor scrapers, large mining trucks (including the 797 – the world’s largest mechanical drive mining truck) and the 24M motor grader. In 2010, the Decatur facility produced its 10,000th large mining truck and that same year the facility realized a $300M capital investment.
  • A former PPG Industries plant, Fuyao Glass Group purchased the site in 2014 and has invested $200 million in the facility. Led by Chairman Cho Tak Wong, Fuyao Glass Group is the world leader of automotive glass production. Fuyao Glass Group’s expansion into the U.S. has resulted in $700 million in investments, 1,700 new manufacturing jobs in the Midwest and 1.5 million sq. ft. of unused factory space reclaimed.

On Wednesday, October 5, attendees were in Champaign-Urbana to learn about and tour the University of Illinois Research Park, Blue Waters at National Center for Supercomputing Applications, the University of Illinois at Urbana-Champaign, and Taylor Studios, Inc. in Rantoul.

Blue Waters

Blue Waters

  • The Research Park at the University of Illinois provides an environment where technology-based businesses can work with faculty and students to take advantage of opportunities for collaborative research and easy access to University labs, equipment and services. UIRP is now home to more than 100 companies and growing, employing more than 1,700 people in high-technology careers.
    • EnterpriseWorks is owned and operated by the University of Illinois to help launch successful startup companies; the 43,000 SF facility is at the heart of the Research Park’s community building efforts. Its atrium is a hub of activity and its clients span from biotechnology, chemical sciences, software development, to materials sciences. Through the commercialization of leading research from across the University of Illinois, its startups are working to address challenges with transformative results.
  • Blue Waters is one of the most powerful supercomputers in the world, and is the fastest supercomputer on a university campus. Scientists and engineers across the country use the computing and data power of Blue Waters to tackle a wide range of challenging problems, from predicting the behavior of complex biological systems to simulating the evolution of the cosmos. Blue Waters, built from the latest technologies from Cray, Inc., uses hundreds of thousands of computational cores to achieve peak performance of more than 13 quadrillion calculations per second. If you could multiply two numbers together every second, it would take you millions of years to do what Blue Waters does each second. Blue Waters is supported by the National Science Foundation and the University of Illinois.
  • The University of Illinois at Urbana-Champaign is an original land-grant university founded in 1867. It continues a tradition of excellence and innovation in its missions: education, research and public engagement. More than 1,800 faculty members lead nearly 45,000 undergraduate, graduate and professional students in a process of discovery and learning in 16 colleges and schools and more than 80 research centers and labs. The campus covers more than 1,500 acres. The Class of 2020 is the largest class in University of Illinois at Urbana-Champaign campus history at 7,593 students, representing more than 33 countries and 42 states.
  • Woolly Mammoths. Giant Hawk’s Nests. Life-Size Northern Right Whales. What do they all have in common? They are all exhibits created by Taylor Studios. Every museum and nature center has a story to tell. Telling these stories through interpretive plans, exhibit designs, and fabricated environments in a way that engages their visitors is what they hire Taylor Studios to do. Through the exhibit design-build process, projects are kept on schedule and budget while provoking ideas become physical exhibits that spark visitors’ imaginations. Creating something that touches the minds and hearts of visitors and leaves a lasting impression is accomplished through the combination of the site staffs’ passion and TSI’s interpretive design-build expertise.

As part of their day in Champaign-Urbana, a luncheon was held at the iHotel and Conference Center and featured speakers included:

– Craig Rost, Champaign County Economic Development Corporation
– Marissa Siero, IntelliWheels
– Tim Barnes, University of Illinois at Urbana-Champaign – Illinois International
– Matt Rosenstein, University of Illinois at Urbana-Champaign – Illinois International
– Bill Hogate, Frasca International, Inc.
– Lee Ramirez, Litania Sports Group

  • IntelliWheels, Inc. is the innovation house for wheelchair technology, developing a line of products to meet the needs of today’s active and independent wheelchair user. IntelliWheels, Inc. continues to develop new products to decrease environmental, social, and physical barriers wheelchair users face on a daily basis. By working side by side with a variety of wheelchair users during the design process, development, and testing of new products, IntelliWheels, Inc. maintains an accurate view of the clients needs and works with wheelchair users to develop the solution.
  • Illinois International Programs is at the nexus of all global activities and international studies at the University of Illinois at Urbana-Champaign—simultaneously serving as the administrative, programmatic, and strategic unit responsible for the vast array of international activities that Illinois is involved in, both on campus and abroad. Illinois is a global university, some figures:
    • #2 for international students – among public institutions with 11,000+ attending the Urbana campus from more than 110 countries
    • 500+ institutional partnerships – to support education and research with institutions in 60 countries
    • 2,400+ students studying abroad – from the Urbana campus each year on 200+ programs across more than 60 countries
  • Founded in 1958 by Rudy FRASCA, an aviation pioneer with a passion for simulation, the company’s goal has always been to build the highest quality flight simulators available. Over five decades later, and with an installed base of over 2,600 products in 70 countries, FRASCA has become an established and trustworthy leader in flight simulation.
  • Litania Sports Group (LSG) is an employee-first company. With a team of over 130 employees, their top focus is providing coaches with innovative equipment for a number of different sports through excellent service.
    • Gill Athletics (since 1918), for track and field equipment, as well as other field sports
    • Porter Athletic (since 1868), facility equipment, including but not limited to basketball and volleyball

Our many thanks to The Whitehall Hotel for sponsoring the luncheon.

Link to photos: https://www.facebook.com/media/set/edit/a.10154113022837807.1073741865.122833457806/

Grand Opening: The Tech Nest at AARP

Today we celebrated the Grand Opening of The Tech Nest at AARP at the University of Illinois Research Park, the latest addition to AARP’s Innovation portfolio! 

The new technology lab, a 2,700 square-foot innovation-focused facility, enables AARP to collaborate with University of Illinois at Urbana-Champaign students and faculty on leading-edge, technology-based research and creative solutions to address the needs of the 50-plus population.

The Tech Nest will focus on developing prototypes in the fields of artificial intelligence, mobile apps, information security, biometrics and software engineering. By leveraging the university’s academic research and adjacent startup community, AARP will create opportunities to enhance the daily lives for us all as we age.

Luncheon speakers:

– Laura Frerichs, Director of University of Illinois Research Park
– Peter Schiffer, Vice Chancellor at UIUC
– Ed Seidel, Vice President for Research at UIUC
– Craig Rost, Executive Director at Champaign County Economic Development Corporation
– Terry Bradwell, Executive Vice President & Chief Enterprise Strategy and Innovation Officer at AARP
– Amy Doherty, Chief Information Officer at AARP
– Jose Hernandez, Vice President – Information Tecnology at AARP

Learn more about The Tech Nest: http://www.businesswire.com/news/home/20161012006334/en/AARP-University-Illinois-Announce-Opening-Tech-Nest

Photos from the Grand Opening celebration: https://www.facebook.com/media/set/?set=a.10154097470612807.1073741864.122833457806&type=1&l=e6498a948e

Photos from UI Research Park: https://www.facebook.com/uiresearchpark/photos/?tab=album&album_id=1255202107865298

Press:

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