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  • 1. Chicago: Building an Ecosystem, Driving Success Fred Hoch, President Illinois Technology Association (ITA) March 23, 2010
  • 2.
    • 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?
  • 3. 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)
  • 4. 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
  • 5. But it wasn’t until recently that we began to build an ECOSYSTEM out of necessity to change all that!
  • 6. How did we get ready to build a Top Technology Center?
    • Inventory
  • 7.
    • 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
  • 8. 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!
  • 9. How do you get ready to build a Top Technology Center?
    • Inventory
    • Be Prepared for Opportunity
  • 10.
    • Move to Electronic Trading
    • Demise of Motorola
    • Digitization of Business
    • High Cost of Healthcare
    Challenges or Opportunities?
  • 11. How do you get ready to build a Top Technology Center?
    • Inventory
    • Be Prepared for Opportunity
    • PASSION
  • 12. Who has the passion?
    • Not the incumbents,
    • but those who will be leaders in 10, 20 years!
  • 13. How do you Build a Top Technology Center?
    • Connect
  • 14. 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
  • 15. How do you Build a Top Technology Center?
    • Connect
    • Collaborate
  • 16. 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)
  • 17. How do you Build a Top Technology Center?
    • Connect
    • Collaborate
    • Communicate
  • 18. Communicate: Bullhorn It!
    • Get the word (reality AND opportunity) out to everyone – not just tech cluster
      • Business Leaders
      • Other Industries
      • Government Officials
      • Mom / Dad
  • 19. How do you Build a Top Technology Center?
    • Connect
    • Collaborate
    • Communicate
    • Collegiate
  • 20. 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
  • 21. How do you Build a Top Technology Center?
    • Connect
    • Collaborate
    • Communicate
    • Collegiate
    • Coerce
  • 22. 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
  • 23. How do you Build a Top Technology Center?
    • Connect
    • Collaborate
    • Communicate
    • Collegiate
    • Coerce
    • Capitalize
  • 24. Capitalize It: Raid the Piggy Bank
    • Find the Money
      • Not Just “VCs”
      • Industry Folks
      • Successful Entrepreneurs
      • Not Primarily Government
  • 25. How do you Build a Top Technology Center?
    • Connect
    • Collaborate
    • Communicate
    • Collegiate
    • Coerce
    • Capitalize
  • 26. 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
  • 27.
    • Is your region the technology center of the next 25 years?