Showing posts with label startup mexico. Show all posts
Showing posts with label startup mexico. Show all posts

Monday, February 15, 2016

Chicago and Mexico City explore new paths for economic growth



Chicago and Mexico City explore new paths for economic growth




Global Cities Economic Partnership (GCEP)
Last month, a team from the Metropolitan Policy Program, along with a delegation from the city of Chicago, traveled to Mexico City as part of the Global Cities Economic Partnership (GCEP). Launched at a 2013 event sponsored by the Global Cities Initiative(GCI), this novel partnership aims to expand growth and job creation in both cities  by building on complementary economic assets and opportunities.
Together with representatives from World Business Chicago, the Illinois governor’s office, and members of Chicago’s tech startup scene (organized by TechBridge), the Brookings team arrived in Mexico City just as, after a 20 year debate, reforms to devolve greater autonomy and powers to the largest metropolitan area in the Western Hemisphere were finalized.  Central to that reform is Mexico City’s enhanced ability to plan and implement its own economic development policy, underscoring the growing importance of city-regions assuming roles once solely the province of state and national governments: fostering trade, investment, and economic growth.
Chicago and Mexico City illustrate this trend through the GCEP. Emerging from a GCI analysis that identified unique economic, demographic and and social connections between the cities, Chicago Mayor Rahm Emanuel and Mexico City Mayor Miguel Angel Mancera established a novel city-to-city collaboration. Since signing the agreement, government, business, and civic leaders in both cities have been experimenting with new approaches to jointly grow their economies.  They have tried to foster more trade and investment within shared industry clusters; link economic development support services; and leverage similar strengths in research, innovation, and human capital.
This trip to Mexico City focused on one of GCEP’s early outcomes, a formal partnership between Chicago tech business incubator 1871 and Mexico City incubator Startup Mexico(SUM) that facilitates the early internationalization of firms in both cities. Both organizations advanced the creation of a residency program that will enable entrepreneurs from both incubators to have a presence in each other’s markets.
The GCEP approach of city-to-city global engagement has inspired other GCI participants to try their own models, forming economic alliances to ease global navigation and engagement.San AntonioPhoenix, and Los Angeles also crafted agreements with Mexico City, each focused on different opportunities built off their distinctive economic assets and relationships. Portland and Bristol have investigated how to leverage their comparable “green city” reputations in the U.S. and U.K., connecting mid-size firms in their unique sustainability clusters for collaboration on research and joint ventures. Similarly, San Diego and London are testing how to promote synergies among companies, academic centers, investors, and workers in their shared life sciences subsectors such as cell and gene therapy.
Home to half of the world’s population, cities generate about three quarters of the world’s GDP, and now serve as the hubs for the growth in global flows of trade, capital, visitors, and information. The future prosperity and vitality of city-regions demands finding new approaches that take full advantage of these global connections.  
The Global Cities Economic Partnership emerged from work supported by the Global Cities Initiative: A Joint Project of Brookings and JPMorgan Chase. Brookings recognizes that the value it provides is in its absolute commitment to quality, independence, and impact. Activities supported by its donors reflect this commitment and the analysis and recommendations are solely determined by the scholar
Image courtesy of Maura Gaughan


Tuesday, March 10, 2015

1871’s Howard Tullman Developing Diversity





   1871’s Howard Tullman Developing Diversity


When Howard Tullman officially took the reins in January 2014 of Chicago technology startup incubator 1871, it was clear that the new CEO would be an agent of change.

The 69-year-old entrepreneur and turnaround expert instilled a new focus on revenue over sheer investor dollars, as well as a more rigorous selection process for accepting tenants into the program.

He’s also pushing for more diversity at 1871, the Merchandise Mart facility that houses some 240 startup businesses, along with accelerator programs TechStars and ImpactEngine. Fledgling tech companies pay $125 to $400 a month for space on month-to-month leases.

“We have a number of programs where our sponsors are allocating portions of their contributions to provide scholarships and other outreach programs, so we’re setting aside funds in order to attract more minority candidates,” Tullman says.

In February, 1871 announced that it will host an Entrepreneur in Residence for one year as part of CODE2040’s residency program. CODE2040 is a national nonprofit group that works to create pathways to educational, professional, and entrepreneurial success in technology for underrepresented minorities. With a focus on African-Americans and Latinos, CODE2040 seeks to ensure that by the year 2040 – when the Unites States’ minority population is expected to outnumber Caucasians – African-Americans and Latinos are proportionally represented in America’s innovation economy.

Google for Entrepreneurs is funding the program, which will award each selected entrepreneur $40,000 in seed capital without asking for equity in return. Tullman says CODE2040 will manage the application process, while 1871 will provide workspace and facilities for a year. The program seeks minority entrepreneurs who themselves have proven to be champions of racial or gender diversity.

“The goal is to identify entrepreneurs and get them additional support so that they can really become part of the tech infrastructure,” Tullman says.

Tullman says he’s also collaborating with the Illinois Hispanic Chamber of Commerce and Wintrust Bank to develop new diversity initiatives. Beyond promoting diversity within its own program, 1871 also is expanding its community outreach efforts, particularly in the schools and colleges.

“We’re working with the Chicago Urban League to push out some technology initiatives along with the YWCA to the Chicago Public Schools, so that will be another way of getting more diverse populations served by technology,” Tullman says. “At the same time, we are trying to develop a stream of young people with an interest in science and technology. We want them to understand that 1871 is a welcoming place, a place full of opportunities. And not just for people who want to have their own business – you can come in here and work for any number of companies. They’re all looking for hard-working, diligent employees.”
Tullman says 1871 is uniquely positioned to promote diversity because it is so closely tied to the business, academic, and finance communities.

“We have access to the universities, the corporations, the venture capitalists, the mentors, and the schools and educational programs,” he says. “There are no other places like this that have all that under one roof.”

Many consider 1871 to be the hub of technology in Chicago, and Tullman – as its top executive – a key ambassador for Chicago’s role in the new digital economy. Late last year, on the heels of Chicago Mayor Rahm Emanuel’s 2013 announcement of Chicago’s Global Cities Economic Partnership with Mexico City, Tullman visited Mexico City. While there, he joined with Startup Mexico CEO Marcus Dantus to announce a partnership between the two groups, as well as other efforts to foster U.S./Mexico cooperation in the technology industry. Among the goals, Tullman says, is helping Mexico overcome its image problem.

“When I was down there last, one of the things that they denounced was that there was only one venture fund in Mexico,” Tullman says. “And within just a few years there are 10 or 20 firms and a lot of startups and activity. So it has really changed significantly now, and we have to change the world’s perceptions to go along with that reality.”

Clemente Nicado

Publisher

Thursday, November 20, 2014

1871 tech incubator announces partnership with Mexico City incubato



1871 tech incubator announces partnership with Mexico City incubator
Chicago Tribune
Amina Elahi


Merchandise Mart-based tech hub 1871 announced Thursday a three-year partnership with Startup Mexico, a Mexico City-based incubator, through which the two would share resources and benefits.

The partnership goes into effect Friday, one year after Mayor Rahm Emanuel announced Chicago’s participation in the Global Cities Initiative, a joint project of the Brookings Institution and JPMorgan Chase. The program intends to strengthen economic ties among cities to promote job growth, trade and investment opportunities.

Companies from both hubs will have access to each others’ people, amenities and some events, free of charge. Howard Tullman, CEO of 1871, said his incubator likely would host a demo day for Mexican startups, as it has for other partners. Tullman said the partnership is reciprocal, with no financial component.

For 1871, the partnership is an extension of a global strategy that has led to connections with startups and incubators in London, Tel Aviv and Ankara, Turkey. Tullman said the Global Cities Initiative pushed him toward a relationship with Mexico City that he said would have happened regardless. Tullman mentioned Brazil as another target for 1871 partnerships.

Tullman and 1871 COO Tom Alexander attended a launch event for Startup Mexico in Mexico City on Thursday morning. Startup Mexico offers 3,500 square feet of facilities, including coworking space, for entrepreneurs, venture capitalists and corporate partners.

Tullman said major Mexican cities are ready for U.S.-based startups. He cited the prevalence of Uber in Mexico City and the popularity of social media there as evidence of a serious tech environment. Chicago companies could lead the Mexican tech industry, where technical skills lag the U.S., he said. He expects particular interest in Mexican inroads from 1871’s currency and payments-systems-focused startups.

Proximity to the U.S. also helps Mexico, Tullman said.

“People talk about India or China from a volume standpoint,” Tullman said. “But in terms of really being able to drop your business or solution into major economies, those are a lot more challenging than countries that are adjacent to the U.S.”


1871, Startup Mexico announce partnership
Chicago Sun Times
Bill Ruminksi


Chicago incubator 1871 and Startup Mexico will work together to grow tech businesses in both cities

A partnership announced Thursday includes reciprocal membership benefits between 1871 and Startup Mexico. Startup México, based in Mexico City, houses small businesses, venture capital firms and corporate partners under one roof.

“1871 is continuing to expand its international relationships in the community of digital entrepreneurs in order to foster disruptive innovation in Chicago and on a global scale,” 1871 CEO Howard A. Tullman said in a statement. The partnership “positions Chicago as the first place where Mexican technology startups will begin expanding their businesses in the US market.”

1871 also has formal agreements with incubators and co-working spaces in London and Tel Aviv.

http://chicagosuntimes.com/news/1871-startup-mexico-announce-partnership/



1871 Goes Global in Partnership With Mexico City Tech Hub
Jim Dallke
Chicago Inno

Chicago tech hub 1871 is creating global opportunities for its member companies in a new partnership with a Mexico City innovation center.

1871 and Startup México announced a partnership Thursday morning that will give companies at both tech hubs "drop-in" membership access to each other's facility. 1871 members will be able to work out of Startup México with access to its mentors and investors, and vice versa. 1871 CEO Howard Tullman is in Mexico City this morning announcing the partnership with Startup México CEO Marcus Dantus.

“1871 is continuing to expand its international relationships in the community of digital entrepreneurs in order to foster disruptive innovation in Chicago and on a global scale,” Tullman said in a statement. "1871’s partnership with Startup México positions Chicago as the first place where Mexican technology startups will begin expanding their businesses in the US market. We are thrilled that 1871 and Chicago will be the point-of-entry to the US market and we are excited to work together to create jobs on both sides of the border.”

The sharing of resources between 1871 and Startup México is part of Mayor Rahm Emanuel’s 2013 announcement of Chicago’s Global Cities Economic Partnership with Mexico City. The agreement outlined an economic partnership to foster job growth and economic opportunity between Chicago and Mexico City, which have been linked as Sister Cities since 1991.

“When I signed the global cities partnership, I expected it would be a call to action for leaders in both cities to explore opportunities to work together and create jobs,” added Emanuel. “I commend 1871 for this partnership, which is exactly what I had hoped would come from this framework. It promises to have long-lasting economic benefits for both cities and will further cement Chicago’s status as the most hospitable city for business in the United States.”

The partnership with Startup México will initially last three years. 1871 also has formalized agreements with incubators and co-working spaces in London and Tel Aviv.


1871 CEO HOWARD TULLMAN - SIGNING MOU AND OTHER DOCS AT STARTUP MEXICO














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