19 Aug 13
Led by the explosive growth of Groupon, Chicago has established itself as a major player in the technology start-up community. According to Built In Chicago, there were 400 digital start-ups in 2011 and 2012 combined, a massive spike over the annual average of 30 new companies from 2000 to 2010. The sudden growth in this space has been fueled by strong support from the private and public sectors alike. This partnership is best exemplified by the success of “1871,” a start-up incubator located at the Merchandise Mart. 1871 is funded by sponsorship from private sector investors such as JB Pritzker, corporations such as Comcast and Cisco as well as the public sector in the State of Illinois and City of Chicago.