When most people think of tech startup hubs the go to cities are Silicon Valley, Boston, New York and San Francisco. As this blog has pointed out before, however, Chicago may be a dark horse for technology companies and is heading in the right direction to support them.
Alexis Madrigal, a senior editor for The Atlantic, has a new piece that examines the rise of the city as a beacon for tech startups. He references a Chicago Magazine article that highlights the reasons that the city’s popularity as increased. The biggest factor is that Chicago has all five of the major tech ecosystem elements firing on all cylinders. These include government support, community, training, mentors and money.
The article goes on to talk about the “Midwest mentality” that has investors playing it safe with their money and not looking for a quick, big score. Instead, Madrigal suggests that looking for a revolutionary product may not be the best move right now.
“Chicago’s focus on businesses that aren’t sexy may be exactly what investors are looking for after seeing hundreds of social networks and social media marketing companies fizzle,” he writes. “Corporations have record amounts of capital on their balance sheets and are desperate for innovation. Meanwhile, you may have heard that your median consumer hasn’t had his or her income rise for quite a while now. If you follow the money, it leads to profitable businesses.”
The Windy City is clearly standing out as a go to location for new tech companies. As businesses start to set up, they will need cabling and telecommunication systems to be up and running to ensure it does not miss a beat. IT consultants like CTI Technology can be reliable resources as organizations start to build themselves up.
Article on: Chicago continues to standout in tech world
by CTI Technology
As this blog has pointed out before, however, Chicago may be a dark horse for technology companies and is heading in the right direction to support them.