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Innovation & Technology

Chicago is a global hub for innovation and a leading ecosystem for start-ups. We’re the nation’s fifth largest start-up ecosystem by growth capital and the fourth largest producer of STEM talent. Our density of corporate innovation centers, incubators, and accelerators, as well as research universities and centers, have resulted in some of the world’s most important technologies.

unicorn

GDP

As of Q2 2022 $211.9B

Growth from Q4 2019 +22.5%

MSA Rank #9

BUSINESS COUNT

As of Q2 2022 15,439

Growth from Q4 2019 +12.2%

 

EMPLOYMENT

As of Q2 2022 244,225

Growth from Q4 2019 +7.8%

MSA Rank #9

The Metropolitan Statistical Area (MSA's) number is a national ranking and consists of one or more counties that contain a city of 50,000 or more inhabitants, or contain a Census Bureau-defined urbanized area (UA) and have a total population of at least 100,000 (75,000 in New England), (https://www2.census.gov). Chicago's MSA includes the Illinois counties of: Cook, DeKalb, DuPage, Grundy, Kane, Kendall, McHenry, Will, and counties in Indiana and Wisconsin.

Chicago’s Tech and Startup Ecosystem Continues to Grow

Our high-growth tech verticals include healthtech, logistics tech, foodtech, and fintech.

 

A Diverse Startup Ecosystem

Dive deeper: learn about how Chicago’s Black, Hispanic/Latino, and women founders are raising increasingly more venture capital in the Research Center’s August 2022 issue of the Chicago Business Bulletin.

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