iVenture Student Startups

Apply by February 5

The iVenture Accelerator enables student-led startups to create economic and social value by supporting student entrepreneurs with knowledge, funding, and access to world-class University of Illinois resources and alumni.

Launched in Summer 2015, the iVenture Accelerator supports a class of the universities top student startup teams to spend the summer on campus with the time and support they need find product-market fit, build prototypes, pilot programs, build key partnerships, and scale. Whether you are creating a technological innovation, social venture, or cultural campaign, this accelerator equips you with the time, space, resources, and mentorship necessary to turn your idea into a scalable venture.


Meet your next co-founders at SocialFuse!

March 7, 2017 – 7:00pm – Institute of Genomic Biology (IGB), Room 612, Urbana, IL —

In conjunction with our partnership with the University of Chicago, now known as the 131 Alliance, TEC will stream a workshop: Killer Marketing to Break Through the Noise on Monday, February 20 from 12-1:30 p.m. in the Grainger Engineering Library IDEA Lab (Lower Level). Learn how to create phenomenal marketing materials that engage your potential customers, compel them to act, and stick in their head. RSVP today to attend!

The fourth and final SocialFuse for the 2016-2017 academic year will take place on Tuesday, February 7 from 5-7 p.m. at the Carl R. Woese Institute for Genomic Biology, Room 612. If you are interested in entrepreneurship, looking to add members to your team or have skills that could benefit others, RSVP to attend today! The deadline to apply to pitch is March 1st! Learn more about SocialFuse from TEC.

This startup wants to lay the groundwork for future IoT startups

photo of anansi founders“Their original idea was to make a wearable device that would detect a user’s fight-or-flight responses and summon first responders automatically. But in building out the software suite that would power their solution, the co-founders got to thinking about how much time engineering teams at every wearable company spend just on getting the fundamentals in place.

“We hypothesized that others who want to get to development faster would also see value in our toolset,” said Parikh. “Now our focus is entirely on building out the tools for other people to build cool applications on top of our platform.””

Read full article

Origin dishes up $1.6 million to kitchen gear maker Tovala

“Tovala is getting ready to start shipping its novel consumer cooking device and meal service later this year. It raised $1.6 million, led by Chicago-based Origin Ventures, which backed Grubhub. Like Tovala, originally called Maestro Food, Grubhub was a 2015 winner of the New Venture Challenge business-plan competition at the University of Chicago’s Booth School of Business.”

Read full article

Explorer Surgical, Chicago-based health tech startup, raises $1 million

ct-explorer-surgical-seed-funding-bsi-20160913-001Explorer Surgical, which aims to be an interactive playbook for surgeons and staff, has raised a $1 million to bring it a step closer to use in operating rooms.

The company’s software displays step-by-step instructions and equipment needed for a particular surgery. It also helps hospital administrators see how surgeries are progressing and forecast the need for surgical supplies and equipment, staffing and room use.

Read full article

New Money: UChicago-Born ‘RegTech’ Startup Ascent Raises a Seed Round

“Ascent was a finalist in the 2015 New Venture Challenge and won $10,000 at the prestigious University of Chicago startup competition. The company said it will use the new funding to improve its platform and grow its team.

“We’re confident in our platform’s ability to dramatically simplify compliance processes for firms, and we’re eager to build upon this momentum to continue constructing the most comprehensive solution possible for our clients,” CEO Brian Clark said in a statement. “We understand the challenges of operating in a highly regulated industry and are dedicated to helping our clients protect their businesses by saving them time, saving them money, and reducing their risk.””

Read full article

12 UChicago Startups Will Grow Through This Year’s Polsky Summer Accelerator

photo of the exowear team“For the past four years, University of Chicago’s Polsky Center has held a summer accelerator as a way to grow student startups over summer break.

Over 40 teams have gone through the program to date, and 75 percent of these companies are still in business or have been acquired, including FitnessCubedZipFit DenimMoneythink, and Stylisted.

ExoWear is a health and fitness company made up of UChicago and UIUC students that creates wearables to monitor medical exercises of patients undergoing physical therapy. This device serves as a coaching aid by reminding the patient to complete their exercises and providing real-time feedback. The application of the device will focus on knee therapy and rehabilitation.”

Read full article