Riverside Research and the University of Illinois Ink Global Licensing Agreement for MarketMaker
URBANA, IL – November 21, 2013 – Riverside Research, a not-for-profit company with facilities in Champaign, signed a global licensing agreement with the University of Illinois at Urbana-Champaign for the exclusive rights to MarketMaker, a web-based information and communication resource designed to revolutionize the food supply chain. MarketMaker is one of the largest databases of searchable, food industry-related information in the country, currently linking producers and consumers in 19 states plus the District of Columbia. As the exclusive licensee, Riverside Research plans to invest in additional research and development to expand MarketMaker’s capabilities to new markets and regions, both nationally and globally.
“Riverside Research is the ideal partner for MarketMaker,” said Darlene Knipe, Co-Founder and Director of the National MarketMaker Program. “The company has great experience and expertise in information systems, a long-standing commitment to the greater good, and a high-integrity business culture. These qualities are critical to the future expansion of MarketMaker and realizing its great potential to fight world hunger.”
“We look forward to growing the MarketMaker community in the years ahead through what we expect to be a showcase public-private partnership between Riverside Research and the University of Illinois,” added Dr. Richard Knipe, National MarketMaker Founder and Co-Director.
Both Richard and Darlene Knipe will continue to direct the National MarketMaker Program as employees of Riverside Research.
“Food distribution ecosystems in both the developed and developing world are undergoing massive disruption and transformation,” said Glen Salo, Manager of Riverside Research’s Champaign-based Computational Science and Engineering Lab. “Here in the United States and elsewhere in the developed world, changing consumer preferences and cost considerations are increasing the demand for local sourcing of food products. In the developing world, government policies aimed at improving the livelihood of rural – mainly agrarian – populations are disrupting long-established distribution models. MarketMaker is uniquely designed to address these challenges.”
Led by researchers Richard and Darlene Knipe, the University of Illinois College of Agricultural, Consumer, and Environmental Sciences partnered with other land-grant agriculture colleges and universities to enhance MarketMaker’s capabilities; namely, to improve access to emerging markets, facilitate local sourcing of agricultural products, enhance the efficiency of food distribution value chains, and support agro-economic research in food distribution networks.
“Addressing the food and nutritional needs of a growing global population is a significant challenge,” said Richard Annas, President, Riverside Research. “We will apply our corporate strengths in information sciences with MarketMaker to address this challenge and make meaningful contributions to the solution. That’s our purpose – technical excellence and trusted solutions.”
“We have a 46-year history of successfully serving our corporate charter to advance scientific research in the public interest and in support of the U.S. government,” added T.I. Weintraub, Executive Vice President, Riverside Research. “MarketMaker presents an opportunity to extend our legacy to the food and agriculture supply chain. It’s a perfect match with our charter and aligns well with our growing capabilities in precision agriculture.”
With the signing of this licensing agreement, Riverside Research assumes responsibility for the National MarketMaker Program and its partner organizations.
About Riverside Research
Riverside Research is an independent 501(c)(3) not-for-profit, scientific-research institution committed to enhancing the security of our nation through trusted, high-level technical advisory and engineering support to government entities, public agencies, and private subcontractors in the public health, national security, and intelligence sectors since 1967. Centers of Excellence include airborne reconnaissance, biomedical engineering, cyber, electromagnetic sciences, radar, and technical intelligence.
About the University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world-class research institution boasting a respected faculty, high national rankings, and state-of-the-art facilities. The University’s accomplishments include 22 Nobel Laureates among its faculty and alumni and such revolutionary innovations as the Web browser, new plant varieties, and even the discovery of a third form of life.