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href="http://web.archive.org/web/20140719004147/http://technorati.com/category/features/san-francisco-tech/" title="View all posts in Metro Tech">Metro Tech</a> <span class="td-sp td-sp-breadcrumb-arrow td-bread-sep"></span> <span>Chicago technology forecast reveals patches of electrifying at #techweekCHI</span></div> <article id="post-7522" class="post-7522 post type-post status-publish format-standard has-post-thumbnail hentry category-san-francisco-tech category-mobile-knowledge-base category-research tag-cloud-technology tag-mobile tag-solomo tag-techweekchi" itemscope itemtype="http://schema.org/Article"> <header> <br/> <div class="thumb-wrap"><a class="td-featured-img" href="http://web.archive.org/web/20140719004147/http://technorati.com/wp-content/uploads/2014/06/Techweek-Mosaic11.jpg" rel="bookmark" title="Chicago technology forecast reveals patches of electrifying at #techweekCHI"><img width="700" height="467" itemprop="image" class="entry-thumb" src="http://web.archive.org/web/20140719004147im_/http://technorati.com/wp-content/uploads/2014/06/Techweek-Mosaic11-700x467.jpg" alt="" title="Chicago technology forecast reveals patches of electrifying at #techweekCHI"/></a></div> <h1 itemprop="name" class="entry-title">Chicago technology forecast reveals patches of electrifying at #techweekCHI</h1> <div class="meta-info"> <ul class="td-category"><li class="entry-category"><a href="http://web.archive.org/web/20140719004147/http://technorati.com/category/features/">Features</a></li><li class="entry-category"><a href="http://web.archive.org/web/20140719004147/http://technorati.com/category/features/san-francisco-tech/">Metro Tech</a></li><li class="entry-category"><a href="http://web.archive.org/web/20140719004147/http://technorati.com/category/knowledge-base/">Knowledge Base</a></li><li class="entry-category"><a href="http://web.archive.org/web/20140719004147/http://technorati.com/category/knowledge-base/mobile-knowledge-base/">Mobile</a></li><li class="entry-category"><a href="http://web.archive.org/web/20140719004147/http://technorati.com/category/knowledge-base/research/">Research</a></li></ul> <div class="td-clear-author"></div><span class="td-block-author">by <a itemprop="author" href="http://web.archive.org/web/20140719004147/http://technorati.com/author/socialmktgfella/">Andre F. Bourque</a> - </span><meta itemprop="interactionCount" content="UserComments:1"/> <time itemprop="dateCreated" class="entry-date updated" datetime="2014-06-28T14:07:05+00:00">Jun 28, 2014</time><meta itemprop="interactionCount" content="UserComments:1"/> <div class="entry-comments-views"></div> </div> </header> <p><div class="us_posts_top" style="margin-top:0px;margin-bottom:15px;"><div class="us_wrapper tac"><div class="us_facebook us_button" data-url="http://web.archive.org/web/20140719004147oe_/http://technorati.com/chicago-technology-forecast-reveals-patches-electrifying-techweekchi/" data-text="Chicago technology forecast reveals patches of electrifying at #techweekCHI"><a class="us_box" href="#" data-url="http://web.archive.org/web/20140719004147/http://technorati.com/chicago-technology-forecast-reveals-patches-electrifying-techweekchi/"><div class="us_share"><i class="us-icon-facebook"></i></div><div class="us_count"><i class="us-icon-spin us-icon-spinner"></i></div></a></div><div class="us_twitter us_button" data-url="http://web.archive.org/web/20140719004147oe_/http://technorati.com/chicago-technology-forecast-reveals-patches-electrifying-techweekchi/" data-text="Chicago technology forecast reveals patches of electrifying at #techweekCHI"><a class="us_box" href="#"><div class="us_share"><i class="us-icon-twitter"></i></div><div class="us_count"><i class="us-icon-spin us-icon-spinner"></i></div></a></div><div class="us_googleplus us_button" data-url="http://web.archive.org/web/20140719004147oe_/http://technorati.com/chicago-technology-forecast-reveals-patches-electrifying-techweekchi/" data-text="Chicago technology forecast reveals patches of electrifying at #techweekCHI"><a class="us_box" href="#" data-url="http://web.archive.org/web/20140719004147/http://technorati.com/chicago-technology-forecast-reveals-patches-electrifying-techweekchi/"><div class="us_share"><i class="us-icon-google"></i></div><div class="us_count"><i class="us-icon-spin us-icon-spinner"></i></div></a></div><div class="us_linkedin us_button" data-url="http://web.archive.org/web/20140719004147oe_/http://technorati.com/chicago-technology-forecast-reveals-patches-electrifying-techweekchi/" data-text="Chicago technology forecast reveals patches of electrifying at #techweekCHI"><a class="us_box" href="#"><div class="us_share"><i class="us-icon-linkedin"></i></div><div class="us_count"><i class="us-icon-spin us-icon-spinner"></i></div></a></div><div class="us_buffer us_button" data-url="http://web.archive.org/web/20140719004147oe_/http://technorati.com/chicago-technology-forecast-reveals-patches-electrifying-techweekchi/" data-text="Chicago technology forecast reveals patches of electrifying at #techweekCHI" data-media="http://technorati.com/wp-content/uploads/2014/06/Techweek-Mosaic11.jpg"><a class="us_box" href="#"><div class="us_share"><i class="us-icon-buffer"></i></div><div class="us_count"><i class="us-icon-spin us-icon-spinner"></i></div></a></div><div class="us_mail us_button"><a class="us_box" href="#us-modal-0p2Bc"><i class="us-icon-mail"></i></a></div></div></div><h2>Midwest moving & shaking</h2> <p>Earlier this week, Technorati contributing writer, Jeff Barrett, <a href="http://web.archive.org/web/20140719004147/http://technorati.com/detroits-comeback-fueled-technology-real-estate/" target="_blank">reported on</a> the forces driving investment and resuscitation of, economy devastated Detroit, Michigan. And surveying <a href="http://web.archive.org/web/20140719004147/http://t.co/uTjFVKF5Eg" target="_blank">Techweek, Chicago</a> for the past few days, technology is clearly breathing new life into the entire region.</p> <p style="color: #434343;"><img class="aligncenter size-full wp-image-7538" src="http://web.archive.org/web/20140719004147im_/http://technorati.com/wp-content/uploads/2014/06/ChicagoReport1b.png" alt="ChicagoReport1b" width="751" height="146"/></p> <p style="color: #434343;">The <a href="http://web.archive.org/web/20140719004147/http://www.builtinchicago.org/blog/chicago-startups-raised-over-1b-2013" target="_blank">2013 Chicago startup report</a>, released by Built In Chicago, indicates the city’s digital ecosystem is exceeding growth expectations: over $1 billion was raised in 2013, a 169 percent increase over 2012.</p> <ul><li>18 digital companies that were acquired and the one that went public generated more than $3 billion, a huge spike compared to the $700 million generated from <a style="color: #0087cd;" href="http://web.archive.org/web/20140719004147/http://www.builtinchicago.org/blog/2012-chicago-digital-startup-report">exits in 2012</a>.</li> <li><strong><a style="color: #0087cd;" href="http://web.archive.org/web/20140719004147/http://www.builtinchicago.org/company/textura">Textura</a></strong>, a collaboration platform for the construction industry, gave Chicago its first and only IPO of 2013.</li> <li><span style="color: #000000;">From a start-up built in an incubator in 2008, </span><b style="color: #222222;"><a style="color: #1155cc;" href="http://web.archive.org/web/20140719004147/https://www.trademonster.com/" target="_blank">tradeMONSTER</a><span style="color: #000000;">’</span></b><span style="color: #000000;">s </span><a style="color: #1155cc;" href="http://web.archive.org/web/20140719004147/http://technorati.com/how-html5s-improving-your-relaxation-time/" target="_blank">HTML5-focused</a><span style="color: #000000;"> mobile trading technology delivered an </span><a style="color: #1155cc;" href="http://web.archive.org/web/20140719004147/http://finance.yahoo.com/news/options-focused-online-brokerage-trademonster-150500545.html" target="_blank">unprecedented perfect 5.0 mobile score </a><span style="color: #000000;">by </span><span style="color: #000000;">Barron’s</span><b style="color: #222222;"><span style="color: #000000;">.</span></b></li> <li>Data-driven programs portfolio, and IT operations and growth experts, <strong><a href="http://web.archive.org/web/20140719004147/http://www.killerit.com/gartner-cool-vendor-award" target="_blank">KillerIT</a></strong>, won Gartner’s coveted <a href="http://web.archive.org/web/20140719004147/https://www.gartner.com/doc/2728519/cool-vendors-program-portfolio-management" target="_blank">Cool Vendors in Program and Portfolio Management award</a> this year.</li> <li>Healthcare tech company <strong><a style="color: #0087cd;" href="http://web.archive.org/web/20140719004147/http://www.builtinchicago.org/company/accelera-innovations">Accelera Innovations</a> </strong>raised $200 million last October.</li> <li>In the <a href="http://web.archive.org/web/20140719004147/http://technorati.com/silicon-valleys-solomo-much-mo-hbo-jab/" target="_blank">SoLoMo</a> space,<strong><a href="http://web.archive.org/web/20140719004147/http://t.co/zPTV26o9SN" target="_blank"> SIM Partners</a></strong>‘ <span style="color: #222222;">location-optimizing <a href="http://web.archive.org/web/20140719004147/http://technorati.com/glossary/content/" title="Glossary: Content" data-tooltip="Free or paid for information and/or experiences created by publishers/producers in the format of Editorial, Video, Games, Photos or Audio for customers to watch/play/listen/read" class="glossaryLink " target="_blank">content</a> and business data solution <a href="http://web.archive.org/web/20140719004147/http://t.co/i4Z2YiBKWV" target="_blank">raised $8 million</a> to<span style="color: #292f33;"> help multi-location brands drive customer <a href="http://web.archive.org/web/20140719004147/http://technorati.com/glossary/acquisition/" title="Glossary: Acquisition" data-tooltip="When an advertiser gains a customer in a desired way, through purchase, sign up, download, etc." class="glossaryLink " target="_blank">acquisition</a>.</span></span></li> <li>And the leaders in futures trading are not just embracing mobile, but driving it to faster, and faster milestones:</li> </ul><blockquote class="twitter-tweet" lang="en"><p>“The cloud is taking hold of financial services. Seeing movement from desktops to mobile, providing 24 hr access to the market” <a href="http://web.archive.org/web/20140719004147/https://twitter.com/hashtag/TechweekCHI?src=hash">#TechweekCHI</a></p> <p>— Trading Technologies (@Trading_Tech) <a href="http://web.archive.org/web/20140719004147/https://twitter.com/Trading_Tech/statuses/482265990294548480">June 26, 2014</a></p></blockquote> <div class="td-a-rec td-a-rec-id-content_inlineleft "> <script type="text/javascript"> document.write('<scri' + 'pt type="text/javascript" src="' + (document.location.protocol == 'https:' ? 'http://web.archive.org/web/20140719004147/https://uat-secure' : 'http://web.archive.org/web/20140719004147/http://ad-cdn') + '.technoratimedia.com/00/02/00/uat_2.js?ad_size=300x250"></scri' + 'pt>'); </script> </div><p>In total, 78 Chicago tech companies each did their part and raised $1 million or more in capital in a region of the country not normally known for startup growth. And the world is taking notice as signified by the 70 VC firms outside of Chicago investing in local companies in 2013.</p> <p><img class=" wp-image-7524 aligncenter" src="http://web.archive.org/web/20140719004147im_/http://technorati.com/wp-content/uploads/2014/06/ChicagoReport2.png" alt="ChicagoReport2" width="516" height="413"/></p> <p>Here’s a social snapshot of what’s driving it all.</p> <h3><strong>Startup incubation</strong></h3> <blockquote class="twitter-tweet" lang="en"><p>Governor Quinn and 1871 Announce Major 25,000 Square Foot Expansion <a href="http://web.archive.org/web/20140719004147/https://twitter.com/hashtag/Chicago?src=hash">#Chicago</a> <a href="http://web.archive.org/web/20140719004147/http://t.co/eNy06yjWvs">http://t.co/eNy06yjWvs</a> <a href="http://web.archive.org/web/20140719004147/https://twitter.com/hashtag/ExpandBusiness?src=hash">#ExpandBusiness</a> <a href="http://web.archive.org/web/20140719004147/https://twitter.com/hashtag/USA?src=hash">#USA</a></p> <p>— invest-in-usa (@invest_in_usa) <a href="http://web.archive.org/web/20140719004147/https://twitter.com/invest_in_usa/statuses/481026418311458816">June 23, 2014</a></p></blockquote> <blockquote class="twitter-tweet" lang="en"><p>“Mobile means everything.” <a href="http://web.archive.org/web/20140719004147/https://twitter.com/tullman">@tullman</a> <a href="http://web.archive.org/web/20140719004147/https://twitter.com/1871Chicago">@1871Chicago</a> <a href="http://web.archive.org/web/20140719004147/https://twitter.com/TechweekCHI">@TechweekCHI</a></p> <p>— 1871 Chicago (@1871Chicago) <a href="http://web.archive.org/web/20140719004147/https://twitter.com/1871Chicago/statuses/482620690437124096">June 27, 2014</a></p></blockquote> <blockquote class="twitter-tweet" lang="en"><p>“Throw out the old playbook or preconceptions of what a workspace is – make it authentic and compatible with your team.” <a href="http://web.archive.org/web/20140719004147/https://twitter.com/hashtag/techweekchi?src=hash">#techweekchi</a></p> <p>— Pear (@Pear_says) <a href="http://web.archive.org/web/20140719004147/https://twitter.com/Pear_says/statuses/482572865040965632">June 27, 2014</a></p></blockquote> <blockquote class="twitter-tweet" lang="en"><p>Why HealthTech Incubator MATTER is Right Co-Working Space for Chicago @ the Right Time <a href="http://web.archive.org/web/20140719004147/http://t.co/NKZt4gfANp">http://t.co/NKZt4gfANp</a> <a href="http://web.archive.org/web/20140719004147/https://twitter.com/ChicagoInno">@ChicagoInno</a> <a href="http://web.archive.org/web/20140719004147/https://twitter.com/MATTERChicago">@MATTERChicago</a></p> <p>— Melissa Lederer (@mlederer) <a href="http://web.archive.org/web/20140719004147/https://twitter.com/mlederer/statuses/482251655165931521">June 26, 2014</a></p></blockquote> <h3><strong>Community & charity focused solutions</strong></h3> <p><a href="http://web.archive.org/web/20140719004147/https://www.facebook.com/photo.php?fbid=10152315156798347&set=a.10150101993243347.284720.708753346&type=1"><img class="aligncenter size-full wp-image-7593" src="http://web.archive.org/web/20140719004147im_/http://technorati.com/wp-content/uploads/2014/06/Monika-Rydz-Mobile-Uploads.png" alt="Monika Rydz Mobile Uploads" width="466" height="749"/></a></p> <blockquote class="twitter-tweet" lang="en"><p>Visit the ladies of <a href="http://web.archive.org/web/20140719004147/https://twitter.com/Microsoft">@Microsoft</a> to learn about <a href="http://web.archive.org/web/20140719004147/https://twitter.com/bing">@bing</a>‘s effort to promote digital literacy in schools! <a href="http://web.archive.org/web/20140719004147/https://twitter.com/hashtag/TechweekCHI?src=hash">#TechweekCHI</a> <a href="http://web.archive.org/web/20140719004147/http://t.co/WsiTMAIo0R">pic.twitter.com/WsiTMAIo0R</a></p> <p>— Techweek Chicago (@TechweekCHI) <a href="http://web.archive.org/web/20140719004147/https://twitter.com/TechweekCHI/statuses/482971163287891968">June 28, 2014</a></p></blockquote> <h3><strong>Entrepreneurship & mentorship</strong></h3> <blockquote class="twitter-tweet" lang="en"><p>Confidence. Competitiveness. Decide to be the best. Humor. Humility. Keys to success. <a href="http://web.archive.org/web/20140719004147/https://twitter.com/hashtag/TechweekCHI?src=hash">#TechweekCHI</a><a href="http://web.archive.org/web/20140719004147/https://twitter.com/hashtag/womenintech?src=hash">#womenintech</a></p> <p>— Nicole Stack (@bsblchik) <a href="http://web.archive.org/web/20140719004147/https://twitter.com/bsblchik/statuses/482622344167301120">June 27, 2014</a></p> <p>You need a portfolio of mentors and sponsors says Sheila Talton <a href="http://web.archive.org/web/20140719004147/https://twitter.com/hashtag/TechweekCHI?src=hash">#TechweekCHI</a> <a href="http://web.archive.org/web/20140719004147/https://twitter.com/hashtag/startup?src=hash">#startup</a> soooo true</p> <p>— SociaLifeChicago (@SociaLife_Chi) <a href="http://web.archive.org/web/20140719004147/https://twitter.com/SociaLife_Chi/statuses/482580574415364096">June 27, 2014</a></p></blockquote> <blockquote class="twitter-tweet" lang="en"><p>“We not me” culture = 1 of many reasons we based startup in Chicago – <a href="http://web.archive.org/web/20140719004147/https://twitter.com/shr4dha">@shr4dha</a> from <a href="http://web.archive.org/web/20140719004147/https://twitter.com/hashtag/ContextMedia?src=hash">#ContextMedia</a> <a href="http://web.archive.org/web/20140719004147/https://twitter.com/TechweekCHI">@TechweekCHI</a> So true!</p> <p>— AMelville (@AMelville) <a href="http://web.archive.org/web/20140719004147/https://twitter.com/AMelville/statuses/482298593848860672">June 26, 2014</a></p></blockquote> <blockquote class="twitter-tweet" lang="en"><p>Confidence. Competitiveness. Decide to be the best. Humor. Humility. Keys to success. <a href="http://web.archive.org/web/20140719004147/https://twitter.com/hashtag/TechweekCHI?src=hash">#TechweekCHI</a> <a href="http://web.archive.org/web/20140719004147/https://twitter.com/hashtag/womenintech?src=hash">#womenintech</a></p> <p>— Nicole Stack (@bsblchik) <a href="http://web.archive.org/web/20140719004147/https://twitter.com/bsblchik/statuses/482622344167301120">June 27, 2014</a></p></blockquote> <blockquote class="twitter-tweet" lang="en"><p>We need for experienced entrepreneurs to mentor the newer entrepreneurs and invest back into the community. <a href="http://web.archive.org/web/20140719004147/https://twitter.com/subbu4">@subbu4</a> <a href="http://web.archive.org/web/20140719004147/https://twitter.com/INVOatNU">@INVOatNU</a> <a href="http://web.archive.org/web/20140719004147/https://twitter.com/hashtag/welltech?src=hash">#welltech</a></p> <p>— MATTER (@MATTERChicago) <a href="http://web.archive.org/web/20140719004147/https://twitter.com/MATTERChicago/statuses/482172912590286848">June 26, 2014</a></p></blockquote> <h3></h3> <h3></h3> <div id="attachment_7588" style="width: 630px" class="wp-caption aligncenter"><a title="Lessons on how to be a winning Chicago startup" href="http://web.archive.org/web/20140719004147/http://www.slideshare.net/tradeMONSTERGroup/ifactor-sanjib-sahoo-techweek-2014-presentation" target="_blank"><img class="wp-image-7588" src="http://web.archive.org/web/20140719004147im_/http://technorati.com/wp-content/uploads/2014/06/Fail-fast2-1024x793.png" alt="Fail fast2" width="620" height="480"/></a><p class="wp-caption-text">TradeMONSTER: Lessons on how to be a winning Chicago startup [click for SlideShare]</p></div> <h3><strong>True tech culture</strong></h3> <p>As cleverly noted in <strong>ChicagoInno</strong>‘s <a href="http://web.archive.org/web/20140719004147/http://chicagoinno.streetwise.co/2014/06/27/the-eight-most-cliched-startup-y-things-we-saw-at-techweek/" target="_blank">piece</a> on the industry’s stereotypes and cliches we San Francisco and Silicon Valley techies are partly responsible for.</p> <p>Like wearing a blazer over your t-shirt.</p> <blockquote class="twitter-tweet" lang="en"><p>.<a href="http://web.archive.org/web/20140719004147/https://twitter.com/technorati">@Technorati</a> managing ed <a href="http://web.archive.org/web/20140719004147/https://twitter.com/SocialMktgFella">@SocialMktgFella</a> & guest writer Michelle Rave pleased to cover <a href="http://web.archive.org/web/20140719004147/https://twitter.com/hashtag/TechweekCHI?src=hash">#TechweekCHI</a> <a href="http://web.archive.org/web/20140719004147/https://twitter.com/TechweekCHI">@TechweekCHI</a> <a href="http://web.archive.org/web/20140719004147/http://t.co/MZEEd6csRO">pic.twitter.com/MZEEd6csRO</a></p> <p>— 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