[November 21, 2014] |
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The University of Illinois at Urbana-Champaign Licenses Three Start-up Companies
URBANA, Ill. --(Business Wire)--
The University of Illinois Office of Technology Management is proud to
announce that technologies created on the Urbana-Champaign campus have
resulted in the foundation of three start-up companies in the first four
months of fiscal year 2015. Licensed University technologies were
instrumental in the formation of each company.
The start-ups include:
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Voxel8 is a Boston company that aims to provide new functional
materials and 3-D printing platforms for the mass customization of
electronics and other novel devices. The start-up is based on research
from Jennifer Lewis, formerly of the University's College of
Engineering and now at Harvard. Additionally, Voxel8 was a 2014 Gold
Winner in Mass Challenge, the world's largest start-up accelerator and
competition held each year in Boston.
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Veriflow Systems is a company located in the Research Park's
EnterpriseWorks incubator commercializin a new approach to network
security. Matthew Caesar and Brighten Godfrey, faculty in the College
of Engineering's Department of Computer Science, and Ahmed Khurshid,
PhD candidate in Computer Science, founded the startup. Veriflow
Systems participated in University programs such as
Entrepreneur-in-Residence, I-Start, and I-Corps.
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Rithmio is a gesture recognition company located in the
Research Park's EnterpriseWorks incubator and Chicago. It is
developing a gesture recognition platform, which is currently geared
toward wearable devices, smartphones and even connected sporting
equipment. Adam Tilton and Prashant Mahta, of the College of
Engineering, cofounded the start-up. Rithmio won the University-funded
track of the 2014 Cozad New Venture Competition. rithmio.com
In the past five fiscal years, 34 start-ups have come out of the
University. The University also has a portfolio of more than 700 active
issued U.S. patents.
About the University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world-class research
institution boasting respected faculty members, high national rankings,
and state-of-the-art facilities. The University's accomplishments
include 22 Nobel (News - Alert) Laureates between its faculty and alumni and such
revolutionary innovations as the Web browser, self-healing polymers, and
new plant varieties. For more information about the Office of Technology
Management, please visit http://www.otm.illinois.edu.
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