Transcript MECHANISMS FOR IDENTIFYING PROMISING TECHNOLOGIES

CHICAGO’S INNOVATION CLUSTERS
PRESENTATION TO CZECH BUSINESS UNIVERSITY
DELEGATION
MAY 21, 2016
PRESENTATION OUTLINE
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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
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)
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EASY COAST TO COAST ACCESS
Within a 4-hour flight of
all major North American
destinations – 142 nonstop & direct domestic
routes
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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)
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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)
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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)
PREMIER RESEARCH INSTITUTIONS
Fermi ©
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TECHNOLOGY PARKS AND INCUBATORS SUPPORTING
THE CLUSTERS
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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 35th St., Ste 1900
Chicago, IL 60616
[email protected]