iBIO Institute 2015 Annual Report: ‘Go. Grow.’; First Annual Report Showcases Growth in World-Class Education, New Tech Ventures

1,000+ teachers trained, 86,000+ students influenced, 1,280+ jobs
supported with $45 million raised in new funding

CHICAGO–(BUSINESS WIRE)–The iBIO Institute released today its annual report, “Go. Grow.”
highlighting the organization’s achievements in fundraising for life
sciences startups, education and job creation. Fueling scientific
growth through community, education and innovation
, since 2008 the
Institute has trained over 1,000 Illinois teachers in 100 communities,
influencing an estimated 86,000 Illinois students. In 2015, the
Institute also supported more than 1,280 jobs, both directly and
indirectly, while helping to raise a record-setting $45 million in new

“The iBIO Institute is putting science to work in our community by
delivering industry-led science and math programs for teachers and
students to inspire the next generations of American-led innovators,”
said Warren Ribley, President and CEO of the iBIO Institute.
“Since launching PROPEL in 2007, the Institute has also helped more than
100 life sciences companies by providing them with specialized resources
and expertise to reduce risk for investors. This past year, we saw over
$45 million in new funding raised, and we are proud to announce we have
kicked off 2016 with $500,000 from the Searle Funds at The Chicago
Community Trust to continue our work of creating jobs and new technology

Connecting the Classroom to the Field

The goal of EDUCATE is to fuel scientific growth through community,
education and innovation with a focus on the under-served communities.
In 2015, EDUCATE built new partnerships to help fund and support the
expanded success of its two principal programs, TalentSparks and Stellar

TalentSparks provides intensive professional development workshops
designed to help teachers explore the application of Science,
Technology, Engineering and Mathematics (STEM) skills through
real-world, problem-centered, hands-on learning, and connections to
experts in STEM fields. Since 2008, EDUCATE has trained over 1,000
Illinois teachers, impacting an estimated 86,000 students from over 100
Illinois communities. Independent external evaluation shows
participating teachers have demonstrated an impressive 13 percent
increase in STEM content understanding and 22 percent gain on the Next
Generation Science Standards, which was adopted by Illinois in 2014.

Over 400 girls in grades 3-8 participated in the Stellar Girls
after-school program in 2015 and were introduced to “Big Ideas” in STEM
fields, resulting in average gains of 16 percentage points on science
content assessments based on pre- and post-unit evaluations. Funding
from Astellas USA Foundation and Abbott is enabling the expansion of
this program to host its first Summer STEM Girls Camp, which will allow
for continued STEM exploration and help mitigate summer learning loss.

“The Stellar Girls educational science programming makes an impact on
the aspirations and abilities of girls in science. It is unusual because
it fills the niche for programming that nurtures the potential in girls
. . . girls, who might otherwise overlook a career in science as a
possibility for them,” said Kathy Konyar, Wheeling High School science
teacher and Stellar Girls program lead for three middle schools. “The
Stellar Girls program allows us to tailor the learning to build
confidence in their abilities and the validity of their thinking. I have
seen no other programs like this out there. This is it. And, it

Moving Illinois life sciences startups forward

The PROPEL Center’s mission is to increase the number and success rates
of early-stage Illinois life sciences startups. In 2015, PROPEL worked
with more than 40 companies, including nine new startups. Since joining
PROPEL, companies have raised over $185 million.

“As a PROPEL company since 2008, we are one of the recipients of the
more than $1 million that has been awarded to startups,” said Harry
Rowland, CEO of Endotronix. “We received a Milestone Award, attended the
AdvaMed Conference due to its grants for three years, participated in
its private workshop series and we even won the PROPEL Business Plan
Competition in 2013. With our growth and the support of PROPEL, we have
added 16 jobs to our community to date. Our success would not have been
possible without our partnership with PROPEL.”

PROPEL companies have directly created or retained 280 jobs, and
indirectly created or retained an additional 1,000 jobs. PROPEL also
provides members with no cost access to critical data to obtain market
research, deal flow, clinical trial data and investment details.

“Through milestone awards, investment preparation assistance and
regulatory planning assistance programs, PROPEL has or will have equity
in 16 PROPEL companies,” said Ribley. “This is an important model for
the Institute as it will eventually help to build an evergreen funding
mechanism for PROPEL which will allow for continued success.”

The 26-page 2015 Annual Report is available for download at https://laprensafl.files.wordpress.com/2016/03/2015ibioinstreport.pdf

About iBIO Institute

The mission of the iBIO Institute is to orchestrate business leadership
in delivery of world-class educational programs and job-creating new
technology ventures. The Institute’s EDUCATE Center delivers science and
math programs for teachers and students, thereby inspiring the next
generation of innovators and helping restore America’s leadership in
technology education. The Institute’s PROPEL Center increases the number
and success rate of early-stage life sciences companies in Illinois. To
learn more about iBIO Institute and its programs, visit www.ibioinstitute.org.


John Conrad, 312-422-1111