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| Blog Post | |
|---|---|
| Title | Chicago |
| Author | Diana Carranza |
| Series | Emerging Ecosystems |
| Content status | Draft |
| Publication date | |
| Notes | With research assistance by Eliza Martin |
| Image | |
| © edegan.com, 2016 | |
Contents
- 1 History
- 2 Resources (map of Chicago resources: http://chicagoinno.streetwise.co/2017/05/18/this-interactive-map-showcases-chicagos-connected-tech-ecosystem/
- 3 Chicago companies
- 4 Universities—Future Founder’s U.Pitch and Student Startup Madness are venture/pitch competitions open to students at any university
- 4.1 Capital
- 4.2 Accelerators/Incubators/Co-Working spaces (complete list: http://chicagoinno.streetwise.co/2015/03/30/chicago-co-working-spaces-a-map-of-the-citys-shared-spaces/)
- 4.3 Coworking Spaces
- 4.4 Accelerators, incubators & fellowships
- 4.5 Venture Capital
- 4.6 Chicago Now
- 4.7 Looking to the Future
History
- Chicagoland Entrepreneurial Center was the first entrepreneurial focused center for Chicago. TiE Midwest and IVCA followed in the early 2000’s
- 2004—Illinois Technology Association and Heartland Angels
- 2006—Increase in the number of resources available—I2A Fund, Hyde Park Angels, Tech cocktail, Tech Nexus
- 2008-present—continued expansion of funding and support
Resources (map of Chicago resources: http://chicagoinno.streetwise.co/2017/05/18/this-interactive-map-showcases-chicagos-connected-tech-ecosystem/
Chicago companies
- Groupon, Mu Sigma, GrubHub, centro, mediabank
Universities—Future Founder’s U.Pitch and Student Startup Madness are venture/pitch competitions open to students at any university
- The University of Chicago
- No school of engineering, but has become a leading startup university (Groupon, GrubHub, Braintree Financial)
- Space in 1871
- Polsky Center for Entrepreneurship
- New Venture Challenge
- Illinois Institute of Technology
- DePaul
- “DePaul is planning to open a space in 1871, joining a half dozen of the area’s universities already in the entrepreneurial hub” (http://www.chicagotribune.com/bluesky/originals/ct-depaul-to-open-space-in-1871-bsi-20160719-story.html)
- Coleman Center
- Northwestern
- Space in 1871
- The Farley Center for Entrepreneurship, The Garage
- Venture Challenge
- Funding resources—NxtFund/Northwestern Start Fund
- Loyola
- Space in 1871
- Quinlan School of Business & Loyola Limited
- University of Illinois
- Space in 1871
- Institute for Entrepreneurial Studies
- Startup Challenge, Cozad New Venture Competition, Illinois Innovation Prize
- Illinois Institute of Technology
- Space in 1871
Capital
- New World Ventures
- Excelerate
- Apex Venture Partners
- FireStarter Fund
- Iza Fund
- Oca Ventures
- Hyde Park Angels
- Lightbank
- Corporate HQ
- Sears
- Walgreens
- Motorla
- State Farm
- Kraft
- Allstate
- 1871—Public-private (city task force) effort to create a hub for young tech businesses
- 1871 and Illinois Hispanic Chamber of Commerce announced that they’re launching a new incubator focused on Hispanic-owned tech companies (October 2016) http://chicagoinno.streetwise.co/2016/08/22/chicago-has-a-new-incubator-to-support-hispanic-led-tech-companies/
- Inaugural cohort includes 12 Hispanic/Latinx-owned tech companies and provide educational programming, resources, funding an tech support
Coworking Spaces
- Grind, The Shift, WeWork, 2112, Polsky Exchange & more
Accelerators, incubators & fellowships
- Future Founders Startup, Northwestern Wildfire, iCorps, Techstars, Chicago Fashion Incubator, Helathbox
Venture Capital
Need to pull data, not consistent reports of VC
Chicago Now
- Nearly $500 B gross regional product, 4.3 million employees, 260,000+businesses, 400+ major corporate HQs (27 Fortune 500), 2 major *global financial exchanges, 60 public and private post-secondary educational institutions
Looking to the Future
- Continued VC investment
- VC investment from larger, nationwide VC funds
