CHOOSING CHICAGO/ILLINOIS AS THE ENTRY POINT TO THE U.S. MARKET RYME Conference Madrid, October 10, 2014
lobal Connectivity hicago Provides Best Access to the World
ois exports to $1.3 billion $226 million $29.3 million Business Ties mber of panies ablishedin the icago area icago area panies with ations in France Spain Portugal 100 20 2 120 80 30 ois imports m $1.3 billion $770 million $54.1 million
Best-Connected Airport in U.S. nly dual-hub airport system in North America ndling 1,400+ daily departures and over 90 illion passengers annually Non-stopservice to more
Easy Coast-to-Coast Access Within a 4-hour flight of all major North American
to Other Innovation Clusters
A Central Chicago Location Brings Talent Within Reach early 600,000 people flow to owntown Chicago each business ay, the center of a hub and spoke Wisconsin Kenosha ublic transportation system and the conomic engine for the region McHenry Lake Lake Michigan ore than half taking mass transit 50,000+ college graduates with a DeKalb Kane DuPage Cook 20 min achelor s or higher live within one ile of a CTA or Metra train stop Kendall Will 50 min Lake Porter.1+ million working-age adults are ithin a 50-minute commute of owntown Chicago more than Grundy 70 min Newton Jasper Indiana million are age 22 to 34
Chicago s Tremendous Talent Pipeline
Tremendous Talent Pipeline Access to The Country s Brightest Minds me to Kellogg School of Management at Northwestern iversity and Booth School of Business at University of icago, two of the top business schools in the world icago Loop is the largest college town in Illinois, th more than 65,000 students re than 145,000 college degrees conferred every year the nearly 150 Chicago area colleges and universities, luding 25,000 bachelor s degrees, 18,000 masters grees, and 4,000 doctoral degrees in the city alone University of Chicago s campus, one of 150+ higher ed. institutions in the metro
Chicago s Stronger IT Talent Pipeline A Comparative Analysis : Chicago versus Austin San Fran Seattle Annual Degrees Conferred Chicago MSA 5.311 Chicago MSA 4.363 San Francisco MSA 1,397 Seattle MSA 2.546 Austin MSA 2.224 San Francisco MSA 2,509 Seattle MSA 2.194 Austin MSA 645 Computer Science Engineering and Engineering Technologies
A Tradition of Innovation
ChicagoNEXT Mayor s & WBC s Council on Innovation & Technology A dedicated public-private effort led by Chicago tech CEO s in partnership with the Mayor & World Business Chicago to drive growth and opportunity in the business climate in Chicago related to science, technology, innovation & entrepreneurship. ChicagoNEXTseeks to positively impact new venture formation and to accelerate the growth and/or expansion of established tech businesses. The council is focusing broadly on tech and science-based pursuits with a particular emphasis on: CleanTech BioScience Web/Mobile Core Goals: Attract talent Engage alumni (university and corporate) Increase level of available venture capital Raise Chicago s tech profile both domestically and abroad
1.67 billion in annual R&D expenditures at Chicago colleges and Innovation Hub 75 digital startups launched every year on average for the last ree years 3+ billion in venture capital invested in Chicago area startups over e past 5 years 871 is one of the top 10 business Incubators in the world,700 patents issued by inventors in the city of Chicago last year 00 corporate R&D facilities 6 Nobel Prize winners tartup successes include Careerbuilder, Groupon, GrubHub, orningstar, Orbitz Chicago s startup scene is on fire - Forbes, 2013
Technology Parks Supporting the Clusters University Technology Park at IIT-Chicago Illinois Science and Technology Park-Skokie Illinois Medical District-Chicago Enterprise Works-Chicago (HTI) Peoria NEXT Innovation Center Research Park at the University of Illinois-Urbana
University Technology Park at IIT Soft Landing Program Partnerships
Health and Life Sciences Innovation $98.6 billion output of Illinois biotech industry; 81,000 direct jobs and more than 3,500 biotech companies 13.3% revenue growth in Illinois biotechnology industry 2 nd largest gain in the nation In medical device establishments $749 million in NIH funding
Web and Mobile Innovation 214 startups launched in 2013 Over $1 billion in venture capital funding in 2013; 150 companies funded Over 70 VC companies outside of Chicago invested in Chicago companies Over $3 billion from 19 Exits In 2013
Telecom and I.T. Innovation Google, IBM, & Microsoft all have major operations In Chicago 4,500 companies in telecom and IT 5 th largest IT workforce in the nation and growing faster than the national average $749 million in NIH funding
Energy Storage, Smart Grid, and Clean Tech $1.6 billion in legislated smart grid upgrades $72.5 million legislated early-stage fund for clean tech and smart grid-enabled startups 3nd in DOE funding for advanced energy technologies R&D 2 smart grid test beds for advanced energy research and commercialization
Performance Computing and Cyberinfrastructure 2 nd largest data center in the world at 1.1 million sq.ft. and building infrastructure ideal For data centers 3 rd most powerful fiber optic infrastructure capable of transmitting 7.96 Terabytes of data Two of the world s fastest Supercomputers Mira at Argonne and BlueWatters at NCSA Supercomputing user-facilities at Argonne And NCSA for industry and academic R&D
Food Technology and Innovation Largest agricultural Sciences hub in the nation; Over 8,000 strong workforce 30 percent of Illinois VCs invested in food companies Most number of food technology patents in the nation; over 170 in the past five years Groupon, GrubHub, & FoodGenius all based in Chicago
Mechanisms for Identifying Promising Technologies Chicago Innovation Mentors Clinical and Translational Science Awards (CTSA) Illinois Biotechnology Organization Clean Energy Trust Energy Foundry 1871
Support for Venture Creation At Universities $1B in life sciences research Technology Transfer and Commercialization support Entrepreneurship Programs engaging graduate students Proof of Concept Funds Angel funds and early stage venture funds State venture support (Angel tax credits, infrastructure, fund of funds) Federal SBIR grants
A Growing Nexus of Innovation in Chicago 000 2002 2004 2006 2008 2010 2012 4: New Medical Technology ubator Matter Announced
Chicago s Brand New $320 million Digital Manufacturing and Design Innovation Institute President Obama announced $70 million grant from U.S. Dept. of Defense ounced in February 2014, the DMDII will be din Chicago and connected to a network anufacturing research sites across the United es. pillar of President Obama s investment in Manufacturing, the DMDII will be the nation s ship research institute in digital ufacturing and design innovation and a d-class, first-of-its kind manufacturing hub the capabilities, innovation, and boration necessary to transform American ufacturing. hub will apply cutting edge mobile, cloud, high-performance computing technologies e manufacturing challenges of today s ufacturing industry.
Why Chicago? hicago has one of the world s largest and most diversified onomieswith $530 billion in annual GRP, and a tremendous lent pipeline including150 higher ed. institutions graduating 5,000 people every year me to more than 400 major corporate headquartersincluding Fortune 500 HQs, 300 corporate R&D facilities, two of the top iversities in the world, and ranked #2 in North America as ternational HQs Destination hicago is a global transportation hub, the #1 best-connected rport in the U.S., with non-stop flights to 200+ worldwide stinations carrying 87 million passengers annually; 546 million blic transit passengers; and $188 billion of imports and exports hicago offers a phenomenal quality of life with hundreds of orld-renowned cultural institutions in an architecturally stunning, eative, vibrant and truly global city
Chicago s Competitive Advantages cago s unique character and nomic strengths can be ibuted to its: Top-notch abundant workforce Central accessible location & outstanding infrastructure Economic powerhouse, one of the world s largest and most diversified economies Collaborative business and government community Vibrant city with an outstanding array of world-class cultural activities Chicago s Mega-Loop: Hottest
Thank You! avid Baker cutive Director versity Technology Park at IIT 0 S. Dearborn cago, IL 60616 Fabrice Bonvoisin President FB International, LLC 333 N. Michigan Avenue, Suite 1117 Chicago, IL 60601 - U.S.A