by Sandra Thompson, Patent Coordinator
Innovations generated by University of Illinois research have a profound impact on human issues and the creation of businesses, jobs, and economic well-being. There are many ways to translate University technology and innovation into societal benefit; starting a company is one of them. The University has put in place a unique and comprehensive system supporting entrepreneurship and economic development.
All entrepreneurs, no matter how distinctive their companies, share one goal: They hope for the success of their products.
But often, the realization of this dream is hard to achieve, as large amounts of funding are necessary before market penetration is possible.
Like any entrepreneur, Brett Walker, CEO and cofounder of Electroninks Incorporated, knows this.
The University of Illinois at Urbana-Champaign Office of Technology Management Announces Illinois Proof-of-Concept Program 2014 Award Recipients
The Office of Technology Management (OTM) is proud to announce the 2014 awardees of the Illinois Proof-of-Concept Funding Program (I-POC). I-POC enables development projects that demonstrate an innovation’s market viability to potential investors and partners.
2014 I-POC Award Recipients
EP Purification, a start-up led by University of Illinois at Urbana-Champaign engineering faculty, wins Wells Fargo & Co. $100,000 grand prize at the 2014 Clean Energy Trust Challenge on April 3.
EP Purification, a start-up company located at EnterpriseWorks, took first prize in the Early-Stage Entrepreneurship category at the 2014 Clean Energy Trust Challenge. Co-founded by Gary Eden and Sung-Jin Park of the College of Engineering, EP Purification works to manufacture novel systems of water and air purification.
The Office of Technology Management congratulates this year’s Innovation Celebration winner and finalists.
Innovation Celebration is an annual event that recognizes the entrepreneurial spirit in our community and on our campus. Awardees are recognized for contributions in several categories, including economic impact, social entrepreneurship, and student start-ups.
On Feb. 25, President Barack Obama officially announced Chicago as the site of a one of four new U.S. digital manufacturing institutes. The new national Digital Manufacturing and Design Innovation Institute, or Digital Lab, was awarded $70 million from the U.S. Department of Defense and has also received commitments equaling $250 million from industry, academia, government, and community partners.