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    3 3 Presentation Transcript

    • Chicago: Building an Ecosystem, Driving Success Fred Hoch, President Illinois Technology Association (ITA) March 23, 2010
      • Tier 1: Silicon Valley, Boston, Seattle
      • Tier 2: San Diego, Austin, North Carolina, Virginia, Portland and a host of other “tech” cities
      • Where does Chicago fit?
      How does Chicago compare in the US?
    • Illinois Technology Industry By the Numbers
      • 4500 Information Technology Companies
      • 300,000 Workers
      • $17 Billion in Salaries
      • Vendor and Customer Workforce (Technology Companies and IT Departments)
      • Ranked in top 5 in IT employment in US
      • Huge operations of national players (e.g. IBM, Microsoft)
    • However…
      • No One Talked to One Another – Lots of technology silos
      • No One Thinks of Chicago as a Technology Center
      • Government didn’t care
      • There was no Money
      • Big Companies didn’t know small companies
    • But it wasn’t until recently that we began to build an ECOSYSTEM out of necessity to change all that!
    • How did we get ready to build a Top Technology Center?
      • Inventory
      • Financial Services
      • Healthcare
      • Travel
      • Real Estate/Construction
      • Manufacturing
      • Transportation and Logistics
      • Location Based Services
      • Gaming
      • Retail
      • Media/Advertising
      • Business Services
      Top Verticals in Illinois Information Technology
    • What is Chicago Technology?
      • In verticals such as financial services, manufacturing, real estate, travel and healthcare, Illinois is home to the companies leading the digital business revolution .
      • We are not Facebook and Google – We are not cool!
    • How do you get ready to build a Top Technology Center?
      • Inventory
      • Be Prepared for Opportunity
      • Move to Electronic Trading
      • Demise of Motorola
      • Digitization of Business
      • High Cost of Healthcare
      Challenges or Opportunities?
    • How do you get ready to build a Top Technology Center?
      • Inventory
      • Be Prepared for Opportunity
      • PASSION
    • Who has the passion?
      • Not the incumbents,
      • but those who will be leaders in 10, 20 years!
    • How do you Build a Top Technology Center?
      • Connect
    • Connect: FORCE THEM TOGETHER!
      • Bring together all part of the ecosystem: big companies, small companies, different sectors, industry, academia, lawyers, money, CEOs, HR, CTOs, Marketing and on and on…
          • Focus on Private Sector
          • Get their heads up
          • Buy Beer
    • How do you Build a Top Technology Center?
      • Connect
      • Collaborate
    • Collaborate: Be a Nexus!
      • Start to find ways to have them work on efforts of self interest and community passion.
        • NOT only Events – Constant Hum
        • Meet Opportunities with Insight
        • Business Development
        • Shared Goals
        • Start with Small Companies (Grassroots)
    • How do you Build a Top Technology Center?
      • Connect
      • Collaborate
      • Communicate
    • Communicate: Bullhorn It!
      • Get the word (reality AND opportunity) out to everyone – not just tech cluster
        • Business Leaders
        • Other Industries
        • Government Officials
        • Mom / Dad
    • How do you Build a Top Technology Center?
      • Connect
      • Collaborate
      • Communicate
      • Collegiate
    • Collegiate: Open the Ivory Tower
      • Find ways to break down the barriers with Universities
        • Figure out what they are doing
        • Drive collaboration with Industry – make them work
        • Get students involved in companies
    • How do you Build a Top Technology Center?
      • Connect
      • Collaborate
      • Communicate
      • Collegiate
      • Coerce
    • Coerce
      • Get Government Officials off the Dime!
      • First, get them out of the way
      • Second, tell them where to invest
      • Third, let your wins be theirs
    • How do you Build a Top Technology Center?
      • Connect
      • Collaborate
      • Communicate
      • Collegiate
      • Coerce
      • Capitalize
    • Capitalize It: Raid the Piggy Bank
      • Find the Money
        • Not Just “VCs”
        • Industry Folks
        • Successful Entrepreneurs
        • Not Primarily Government
    • How do you Build a Top Technology Center?
      • Connect
      • Collaborate
      • Communicate
      • Collegiate
      • Coerce
      • Capitalize
    • Illinois Technology Association By the Numbers
      • 5 Years Old (last week)
      • Private Sector Driven
      • 100 to 700 Corporate Members
      • $150K to $2M in Revenue
      • 22K sq ft TechNexus Clubhouse
        • 40 companies incubated, 2000 executives a month
      • 200 Connections a Month
      • 160 Events a Year
      • Established a Foundation focused on Talent
      • Is your region the technology center of the next 25 years?