CHICAGO’S INNOVATION CLUSTERS PRESENTATION TO CZECH BUSINESS UNIVERSITY DELEGATION MAY 21, 2016.

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Presentation transcript:

CHICAGO’S INNOVATION CLUSTERS PRESENTATION TO CZECH BUSINESS UNIVERSITY DELEGATION MAY 21, 2016

PRESENTATION OUTLINE Chicago/Illinois as a growing hub for digtal, life sciences and clean tech ecosystems Elements of cluster development Mechanisms for identifying promising technologies Details on the elements of the Chicago Ecosystem

3 GLOBAL CONNECTIVITY: BEST CONNECTED AIRPORT IN THE U.S. Only “dual-hub” airport system in North America – handling 1,400+ daily departures and over 90 million passengers annually Non-stop service to more than 200 domestic and international destinations Source: Chicago Department of Aviation (2014), WBC (4/4/14); MIT International Center for Air Transportation (2013)

4 EASY COAST TO COAST ACCESS Within a 4-hour flight of all major North American destinations – 142 non- stop & direct domestic routes

A TRADITION OF INNOVATION

CLUSTER ELEMENTS » Large companies » Comparative advantage for the industry vertical » Access to markets » Research universities » Available talent » Supportive government » Support for start-ups » Incubators, Co-Working Spaces, Technology Parks » Private funding for company growth

MECHANISMS FOR IDENTIFYING PROMISING TECHNOLOGIES (DIGITAL ECONOMY) » University Computer Science and Information Technology –DePaul –Illinois Institute of Technology –Northwestern –University of Illinois –University of Chicago » 1871 » TechNexus, Illinois Technology Association » BuiltinChicago » Technori » Active VCs and Angel Groups

MECHANISMS FOR IDENTIFYING PROMISING TECHNOLOGIES (LIFE SCIENCES) » Chicago Innovation Mentors » Clinical and Translational Science Awards (CTSA) –Northwestern –University of Chicago –University of Illinois Chicago –Rush University » Illinois Biotechnology Organization-catalyzng the cluster –iBio Index –Propel Business Plan Competition » MATTER (Community for life sciences start-ups) » Health-Technology-Innovation (University of Illinois-Chicago)

MECHANISMS FOR IDENTIFYING PROMISING TECHNOLOGIES (CLEAN TECH) » Clean Energy Trust » Energy Foundry » Joint Center for Energy Storage Research (Argonne Nat’l Lab) » Galvin Center for Electricity Innovation (Illinois Institute of Technology)

10 Fermi © PREMIER RESEARCH INSTITUTIONS

TECHNOLOGY PARKS AND INCUBATORS SUPPORTING THE CLUSTERS » Illinois Science and Technology Park-Skokie » Illinois Medical District-Chicago » Enterprise Works-Chicago (HTI) » University Technology Park at IIT-Chicago » 1871 » TechNexus » MATTER » Coalition: Energy

CITY OF CHICAGO SUPPORT FOR THE CLUSTERS » Mayoral personal leadership and support » World Business Chicago/ChicagoNEXT Task Forces » Using 1871 as a Showcase » Chicago Venture Summit » ThinkChicago » UI Labs-Digital Manufacturing

STATE OF ILLINOIS SUPPORT FOR VENTURE CREATION » Angel Fund Tax Credits » Capital Support for research facilities, technology parks » Fund of Funds—support for venture funds

FEDERAL SUPPORT FOR RESEARCH/COMMERCIALIZATION » National Institutes of Health » National Science Foundation » U.S. Department of Defense » U.S. Department of Energy » U.S. Department of Agriculture » Food and Drug Administration » Small Business Innovation Research Grants » Small Business Administration » Economic Development Administration

EARLY STAGE ANGEL AND VENTURE FUNDS » University Proof of Concept Funds » Chicago Ventures » Heartland Angels » Hyde Park Angels » Illinois Ventures » Ceres Venture Fund » OCA Ventures » Pritzker Group » Energy Foundry Fund » Clean Energy Trust Fund

THANK YOU! David Baker VP External Affairs Illinois Institute of Technology 10 W 35 th St., Ste 1900 Chicago, IL