Showing posts with label illinois tech. Show all posts
Showing posts with label illinois tech. Show all posts

Friday, February 15, 2019

Managing and Activating Innovation


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Saturday, December 22, 2018

Illinois Tech’s Kaplan Institute Aims to Educate a More Valuable and Employable Workforce


Illinois Tech’s Kaplan Institute Aims to Educate a More Valuable and Employable Workforce
Howard Tullman, university professor and executive director of The Ed Kaplan Family Institute for Innovation and Tech Entrepreneurship, Illinois Institute of Technology

During my time leading 1871, Chicago’s largest tech hub, which was recently named the Number 1 university-affiliated incubator in the world, I found myself constantly having conversations with business owners who were yearning for more diverse technical talent equipped with the skills necessary for tomorrow’s jobs. It wasn’t exactly a surprise. With dozens of major corporate headquarters, countless startups, tech giants like Google, Salesforce, Facebook expanding major operations in the city, Chicago has become a world-class tech ecosystem and a center for the development of new and disruptive technologies, human-centered designs, and multi-disciplinary innovation.

Few other cities across the country have combined industry, education and technology into civic initiatives, training programs and attractive and lucrative investment environments as successfully as Chicago which has particularly exploited and capitalized on its wealth of colleges and universities. In fact, only Boston has more institutions of higher learning than Chicago and only a fraction of those are as directly engaged as we see in Chicago in the kinds of new talent development programs which have been spawned here.

But it’s still worth asking whether the city’s pool of technical talent is keeping up with the rapid growth in the overall demand. And are we developing the “new collar” skills in our students that they will need to be successful in the globally-competitive employment marketplaces of the future?  Finally, are our colleges and universities doing enough to ensure that those students who do graduate and enter the workforce are ready to hit the ground running and make an immediate impact? In today’s competitive hiring environments, even with the growing needs, you rarely get a second chance to make a first impression.

Recent surveys suggest that the students themselves aren’t quite convinced that we’re doing the work necessary to properly prepare them. A 2017 poll released by Gallup and Strada Education Network showed that only a third of student participants believed they would graduate with the skills and knowledge to be successful in the job market/workplace (34%-36%) while just half (53%) believe their major will lead to a good job.

Given the enormous value of and clear requirement for critical thinkers and problem solvers in business today, any college or university which isn’t stepping up to the challenge of educating students in new ways as well as radically re-envisioning their old methodologies is falling behind. Gone are the days when classroom-style lectures and rote textbook learning were enough. Many higher education institutions are putting every student through some type of innovation and entrepreneurship course, regardless of their departmental majors, in order to try to graduate highly qualified and instantly employable students.

But far too many of these attempts lack serious and practical content, strong scholarship and applied wisdom, and, above all, experienced and interactive instructors who have been practitioners as well as educators throughout their own careers. They are “me-too” efforts driven more by a desire for the schools to check the appropriate boxes and satisfy their various constituencies than by a substantial commitment to real change and improvement backed by concrete actions.

On the other hand, when institutions do make a long-term investment in their students’ futures, rather than mere lip service, the differences are readily apparent. The Illinois Institute of Technology, located just 10 minutes south of Chicago’s Loop on the Red Line, is a solid part of the new leadership in this area and we’ve put a giant stake in the ground with the recent opening of the Ed Kaplan Family Institute for Innovation and Tech Entrepreneurship.

At the Kaplan Institute, we’re focused on turning out graduates who are well-suited for jobs that haven’t been invented yet; well-trained to use technologies that we’re inventing in order to address challenges which we are just learning are going to be problems.

How are we accomplishing this?

Among other things, the Kaplan Institute will serve as the new home for our InterProfessional Projects Program (IPRO) where multi-disciplinary teams (a chemical engineer, an architect, a business major or two and more) will work together to solve social, technical or business problems. Unique to Illinois Tech for decades, every student on campus spends two semesters taking IPRO classes, regardless of their major. Through IPRO, students are tackling issues like agriculture in an urban environment by applying robotics to vertical farming; using data to improve first responder responsiveness; generating interfaces that bridge the foreign language gap and improves trust and communication between families and the Chicago Public Schools; and more.

And, because the Kaplan Institute provides a new 72,000 sq. ft. campus home for these classes, the instruction, interaction and innovations no longer take place in the traditional silos – standard classrooms with desks and walls and barriers – or exclusively in a single school at the university. The only way to solve the cross-disciplinary problems of the future which cross every kind of boundary, schools like IIT need to invest in and build new physical environments like the Kaplan Institute.

Its sheer size will allow the university to have all the IPRO classes held in a single, centrally-located, collaborative space. Hundreds of student teams, focused on dynamic problem-solving projects, will have the unfettered opportunity to work together, learn from each other, and share resources and ideas. Students will literally collide with each other in ways that enhance learning, problem solving and teamwork.

Less focused than others on “start-ups” and business plan competitions, we take a hands-on approach to problem-solving with active projects, collaborations, and actual commercial outcomes and products. Working on these projects with corporate partners and industry sponsors, provides unique experiences and exposes our students to a broad pool of future employers across every sector which sets them up for successful opportunities when they graduate.

Thursday, November 15, 2018

Chicago Tribune Op Ed by Kaplan Institute Exec Director Howard Tullman


Commentary: 
Amazon sweepstakes? Move on, Chicago!




Amazon isn't bringing a second headquarters to Chicago, but Howard Tullman writes that he sees "powerful evidence that Chicago’s momentum is unabated." (Terrence Antonio James / Chicago Tribune)

Howard Tullman
There hasn’t been a lot of hand-wringing or despair since Amazon CEO Jeff Bezos announced the winner of his yearlong quest for a second headquarters and jobs bonanza.
You know why? Because there’s been tremendous leadership and collaboration working in the trenches the past decade to put Chicago on the global tech map — led by 1871’s multiyear status as the No. 1 university-affiliated tech incubator worldwide.
So, was it really a loss not landing the thousand-pound gorilla, where it could potentially inflict damage by crushing competition, close down a few more retailers and strangle a bunch of our fledgling startups?
And that’s if you even believed the HQ2 story, which is now more of an HQ3.5 story (with Virginia, Long Island City, and Nashville, Tenn., all in the mix). I never did.
As I’ve long observed, the only real existential risk facing Amazon is something regulatory or legislative, and those fateful decisions will be made in Washington, D.C., where Bezos already owns the franchise daily newspaper. The Big Apple play was largely driven by media and market concerns. Frankly, the Nashville logistics hub is the only part of this story that was a real opportunity for us, and it’s the thing that Chicago deserved to win on merit from day one.
But the great thing about our city is its rock-solid resilience and commitment to perpetual progress and ongoing improvement. So, the Amazon passion play was merely a hiccup or pothole in the road on a long journey forward. The resurgence of the city’s South Side with a developing new tech district, anchored by the $40 million Kaplan Family Institute at Illinois Institute of Technology; the visionary Discovery Partners Institute, a purpose-driven, collaborative research institute located in Chicago that is focused on creating solutions to grand challenges; new facilities being planned at the University of Illinois at Chicago; the redevelopment of the Michael Reese property — the list goes on. These are powerful evidence that Chicago’s momentum is unabated, and our growth will continue.
Chicago has always been about building a stronger, brighter future. We continue to be a hub of game-changing leaders, abundant resources, first-class universities and innovative vision — like the P33 program, a “Burnham plan for Chicago’s tech future,” which is a remarkable road map to an even brighter tomorrow.
You’re never really out of the game unless you wallow in regret more than dream big. Chicago’s dreams are alive and well, and since Amazon was wishful thinking from the outset to most of us in the tech world, it’s more like a bullet we dodged than something to regret. It’s time to move on and move forward, with optimism and a strong, savvy game plan. Now, that’s Chicago.
Howard Tullman is a professor and executive director of the Kaplan Institute at Illinois Institute of Technology, and the former CEO of 1871.


Tuesday, October 16, 2018

New INC Magazine Blog Post by Kaplan Institute Exec Director Howard Tullman


In the New Ball Game: Two Strikes and You're Out
Baseball loves to live in the past, refusing to make changes while its core audience ages. In business today, changing quickly and boldly is an absolute imperative.
Executive director, Ed Kaplan Family Institute for Innovation and Tech Entrepreneurship, Illinois Institute of Technology


They keep talking about ideas, such as a pitch clock, designed to speed up the pace of baseball games, which right now are a lot like watching paint dry -­- albeit even less colorful. I expect a few more years will pass before anything major happens in the majors although the leading sports teams have finally realized that encouraging cellphone use and engagement in the ballparks and arenas is smarter than trying to restrict it or blocking WiFi access. 

Side-by-side, real time commentary and even mobile only video replays enhance and improve the fans' experience and engagement. As sports betting continues along the path toward complete legalization (right behind pot), fans' phones will become an even more central part of the in-venue activities. And, of course, e-sports are exploding across the world with attractive demographics that couldn't be more appealing to the old white guys who continue to dominate the ownership of the country's sports teams. According to Nielsen, more than half of baseball fans are over 55 and the average fan age is around 53 as compared with the NFL average age of 47 and the NBA's 37. You can expect to see prunes at the concession stands pretty soon instead of pretzels. 

Finally, a little-known fact, but a critical commercial consideration, is that in the course of the season, there are on average four times the number of butts in the good seats than the actual number of season ticket holders.  The only consistently effective way to identify those folks (guests, season sharers, scalpers, etc.) is to grab their email addresses or cellphone numbers. Now, especially, when the competition for attention is so fierce, "knowing all our customers" couldn't be more critical. These folks are unlikely to download a bunch of different team apps - the incentives aren't great and the screen clutter on everyone's phone just keeps growing so, for one-to-one communications, direct phone texts are the best in-venue bet. But overall, don't look for the baseball experience to get much better anytime soon. 

Meantime, in the rest of the world, we're already seeing a big change in the strike count. Today, for most businesses, it's two strikes and you're out. You get one chance to learn. Strike one. And you get one chance following that lesson to make some quick course corrections. If you don't react, respond, and rapidly change-- strike two, you're out. No one has the luxury of time any longer and you can't wait for your people to eventually wake up and smell the coffee. They need to get started right now. Instilling a sense of urgency, showing them a path to success, and providing them with the tools and resources needed to get the necessary work done is your most important job. 

But just talking about change without taking concrete actions is like wetting your pants in a dark suit. It gives you a temporary warm feeling, but no one else (hopefully) notices. Spoiler alert - forget the preceding passage if you haven't already seen the new version of A Star is Born. Talking about the same old stuff is also a formula for failure. The past prescriptions won't provide rapid or certain relief any longer and certainly not the promised and expected results of the past. Staying the course, sticking to your knitting, and doing things the way you always have are just as likely to be problematic strategies these days as productive ones.  

You can't hide from the future, you can't afford to stand still, and you can't save your way to success. Gains secured by cost-cutting are short term salves at best and more likely to further set you back than to be a means of setting you up for the future. Growing your way out of your problems and fundamentally transforming your organization into a digital-first juggernaut are the only viable paths forward. Clinging to the past is a pyrrhic prescription for constant pain, growing confusion, and eventual extinction. Learn from the past, but don't live there.

The very traditions that previously provided comfort, consistency, and assured-if-modest results are now at best excuses to resist inevitable change. Too many companies are working hard to catch up with their "glory days" rather than focusing on what's ahead. 
You can't evolve your way into radical change. It's not a continuous or comfortable process. Radical change demands a series of abrupt actions, hard decisions, wrenching personnel changes, and painful compromises, which may or may not eventually get you to where you hope you're headed. You've got to make the critical changes happen because nothing very good ever happens by itself. And, at least if you're taking action and happening to the world (as Springsteen says) instead of letting the world hit you over the head, you're likely to still be in the boat and in the race when the distant shore finally appears. 

This trip will not be short or obvious or easy- there will be sacrifices galore--but then again, there's not much of a choice or an option if you want your business to thrive,  and not just barely survive. 

Wednesday, September 12, 2018

Technori Takes Equity Investment to Launch Technori Co-op


Technori Takes Equity Investment to Launch Technori Co-op, a Non-Traditional Startup Incubator Focused on Disrupting how Startups are Launched and Funded
·          
DV Partners, led by SMS Assist Founder and Chairman Mike Rothman, today announced a seven figure investment in Chicago's largest and most active startup platform, Technori. The funds will be used to expand its successful podcast show and event series, and to launch Technori Co-op, an entirely new startup incubator and investment platform.

"Nothing is more important to the growth and health of a startup community than the people who work tirelessly to identify, connect and positively promote the key players,"
CHICAGO (PRWEB) SEPTEMBER 12, 2018
DV Partners, led by SMS Assist Founder and Chairman Mike Rothman, today announced a seven figure investment in Chicago's largest and most active startup platform, Technori. The funds will be used to expand its successful podcast show and event series, and to launch Technori Co-op, an entirely new startup incubator and investment platform.
Technori helps startups gain traction by engaging with thousands of would-be investors, customers, and commercial partners such as, MB Real Estate, Bank of America, and Salesforce, through highly curated events and media. The Startup Showcase is one of the largest quarterly tech events in the U.S, and the first ever to allow attendees to invest directly in the presenting startups, via an exclusive partnership with Title III equity crowdfunding platform, Republic. Technori is also the creator of Chicago's most popular tech podcast and live radio show, hosted by its CEO Scott Kitun on WGN Radio.
To date, Technori has helped hundreds of companies raise more than $1 billion in venture capital and connect with thousands of first employees and customers by featuring founders on-stage at Showcase events, and in-studio at WGN Radio.
"Nothing is more important to the growth and health of a startup community than the people who work tirelessly to identify, connect and positively promote the key players," former 1871 CEO and current Illinois Tech Kaplan Institute Executive Director Howard Tullman said. "Scott has been one of the most important, consistent and valuable contributors to the tech scene in more ways and for more years than he's willing to admit and it's a big part of Chicago's success."
Rothman's investment in Technori is about accelerating and supporting Technori's mission of building the largest and most diverse tech community in the world, but it's also about helping startups gain access to strategic capital and connections - something Rothman has plenty of experience with.
As former CEO of SMS Assist, Mike Rothman raised several hundred million dollars for the company - at over a billion dollar valuation - from the likes of Goldman Sachs and Chicago-based Pritzker Group, among others.
"Technori has done an incredible job of providing founders like myself with exposure. But, there's a huge opportunity to make an even bigger impact on the startup community," Rothman said. "That's why I've partnered with Scott to extend the Technori services model to introduce the most innovative early stage incubation tool, called Technori Co-op."
Technori Co-op is an investment model that provides early-stage companies access to capital, board support and strategic advisory while enabling the founders to own a stake in the portfolio.
"We work to democratize how startups are launched and funded by allowing founders to use our exposure to equity crowdfund," says Technori CEO Scott Kitun. "The Co-op takes the best of those founders and gives them access to some of the most successful entrepreneurs and investors our tech community has to offer."
Initial Co-op advisors include, Lightbank Managing Partner Vic Pascucci, Blue1647 founder Emile Cambry, and Fanatics VP of Engineering Nate Lyman, among other influential tech leaders.
"Scott and Mike are visionaries. How this democratizes the startup process is incredible and I'm excited to be a part of it," said Pascucci.
"DV Partners has already made significant investments in tech startups, such as DumbstruckResidential Homes Group (RHG), and Theron Technology Solutions(TTS). And I'm sure whether we invest through DVP or launch a Technori Fund; we plan to deploy a lot more capital into disruptive technology companies," said Rothman. "But, speaking as a founder, the most valuable commodity is information - and we plan to use that to grow the value of our Co-op companies immediately."
TTS builds enterprise technology solutions that identify and improve operational efficiencies; founded by former SMS Assist Chief Product Officer Alex Rothman, Theron will also be participating in the Technori Co-op to provide portfolio companies with tech support.
"I learned very early on at SMS, it's not how fast you can build something, but how accurately you align it with a Go-To-Market strategy," said Alex Rothman. "Theron is here to share our industry expertise and offer founders what they'll need to build at scale."
According to Kitun, "this investment not only enables us to enter new markets and introduce the Technori Co-op, but also significantly grow our team, and develop the technology necessary to better reach our growing target audience."
For more information about applying for Technori Co-op, visit Technori.com, or follow and message directly through Facebook.
OTHER TECHNORI NEWS
Technori will now host its premier Startup Showcase events quarterly, with monthly lunch and learn workshops and founder's dinners - with an eye on expanding into new markets with pop-up events in 2019.

Clean tech hub takes shape on Chicago’s South Side


Clean tech hub takes shape on Chicago’s South Side
WRITTEN BY

Construction is underway on a plan to turn Chicago’s Bronzeville neighborhood into a ‘smart-tech innovation district.’
Two years after an ambitious clean energy campaign was announced for a South Side Chicago neighborhood, construction is moving forward on a clustered microgrid, a solar energy project at an affordable housing complex and a university-led clean tech center.
In 2016, the nonprofit Community Development Partnership announced acampaign to turn the Bronzeville neighborhood into a sustainable destination hub. The aim is to boost tourism and develop local black-owned businesses by partnering  with ComEd, Illinois Institute of Technology, and other clean energy businesses.
ComEd’s microgrid, which faced criticism over costs from the Illinois attorney general, will help form the first utility-scale clustered microgrid in the country with help from the Illinois Institute of Technology. A sun-tracking “smartflower” at the Renaissance Collaborative, an affordable housing center in Bronzeville, is awaiting an installation permit.
Also, the Community Development Partnership is providing input on  redevelopment plans at the old lakefront site of Michael Reese Hospital, a decade-long project expected to create 24,000 jobs and generate more than $520 million in property taxes and $164 million in sales taxes. The site in Bronzeville is being repurposed as a transportation logistics center with potential commercial tech space.
For Paula Robinson, who leads the Community Development Partnership, the work of turning Bronzeville into a center of clean energy technology is all about building on the rich history of the neighborhood.
“At this point, we have all these components and pieces coming together,” Robinson said. “We have stepped out to show that Bronzeville will be Chicago’s smart-tech innovation district.”
She sees her work in clean energy as building on the legacy of the neighborhood.
“We are definitely on this journey together,” she said of the community. “We’ve been talking about the neighborhood as a black metropolis, a National Heritage Area.”
During much of the 20th Century, Bronzeville was a center of African American culture and business in Chicago during an era when redlining and other government policies kept black residents from accessing all neighborhoods.
At a recent event updating the community on the campaign, Howard Tullman, director of IIT’s new innovation institute, shared a vision for the Kaplan Innovation and Entrepreneurship Center, a facility that will be completed this fall and will be the site of classes, workshops, and collaborations between technology professionals, students, and faculty.
“We are the only tech-centric university in the city, and we are really in the heart of the city,” Tullman said. “Building this project here was really important because we are going to be training people for careers that don’t exist yet, using technology that we will invent here. It will address problems that we think we understand, but also problems that we don’t yet know.”
Microgrid moves forward
For ComEd, the Bronzeville project is partly about leveraging smart grid infrastructure that has been built throughout the region since 2012. ComEd president and chief operating officer Terence Donnelly wrote last month that Bronzeville has undergone “one of the most robust grid modernizations programs in the nation.”
He added ComEd is “intent on building upon the strength of the stronger, more flexible smart grid platform that has dramatically enhanced reliability and customer satisfaction.”
In late June, the utility broke ground and began laying conduit that will eventually connect the microgrid to the ComEd system. The Illinois Commerce Commission approved the $25 million project in February following criticism from the Illinois Attorney General’s Office that it was too costly for ratepayers.
ComEd and clean energy groups argued the microgrid is an important, real-world look into the benefits integrating two microgrids. The utility developed a custom software so its new microgrid will be able to communicate with the existing microgrid at IIT. The goal is to optimize the use of clean energy resources in Bronzeville, while improving efficiency and resiliency.
During emergencies and outages, clustering the microgrids will help to identify the critical load, according to Mohammad Shahidehpour, a chairman in the Electrical and Computer Engineering Department of IIT.
By clustering, we can island the microgrid on the campus,” he said. “By islanding it, we are in charge of our destiny. We can find out what is critical and can keep it on.” 

New INC Magazine Post: How Rahm Emanuel Made Chicago Thrive


How Rahm Emanuel Made Chicago Thrive
The best big-city mayor in the country shocked the Windy City by announcing that he won't run for a third term. The business community is losing a gamechanger.


Executive director, Ed Kaplan Family Institute for Innovation and Tech Entrepreneurship, Illinois Institute of Technology




Last week Chicago lost a great mayor as well as the most aggressive spokesman ever for the city's tech and entrepreneurial community when Rahm Emanuel-- the best big city mayor in the country, bar none--announced that he would not run for a third term. Good news for him and his family and really hard news for the city. Family first. Period. 

In his brief announcement, and in the comments and interviews that followed, he offered some important lessons for us, and especially for the pack of losers who had already lined up to run against him. If it wasn't so sad for Chicago, it would be comical watching these one-issue, nichy little nobodies gripe, posture and position themselves as hopefuls and aspirants to a position many miles beyond their abilities. Imagine seeing a group of 10thgrade Pony league pitchers trying to throw shade at one of the MLB pros. If you want to beat Babe Ruth, play him in golf, not baseball.

How painfully easy it is for the challengers to complain and criticize from the sidelines.  I call these people solution-less soreheads. And considering that most of them are presently gainfully unemployed, I'm reminded of the old crew expression that the only one in the boat who has the time to complain is the one who isn't rowing hard enough. I'd feel sorry for most of them because of how sadly deluded they are, but their rank arrogance in thinking that even for a moment any one of them is up to the task makes it hard to sympathize with their stupidity.

The media mavens and the other scriveners realized (grudgingly admitted, is a better way to put it) that a tremendous amount of important work got done in the last seven years and that most of it wouldn't have been accomplished without the pushing, prodding, pleading and insistence of the mayor. Substantial improvements in affordable housing, expanded access to public transportation, and the conversion of the Chicago river from a sewer to the spectacular Riverwalk are just a few of the initiatives that will serve the city well long after his departure.

Sometimes a song says it all and no one ever summed up this sad situation better than Joni Mitchell in "Big Yellow Taxi" with the line: Don't it always seem to go that you don't know what you've got til it's gone. People who are even a little bit in the know know exactly how devastating a blow Rahm's departure is to the progress of any number of ongoing projects and business opportunities. This announcement may be the end of any number of new prospective investments in the city unless someone with real credentials and serious skills steps quickly into the breach and offers some serious prospect of stability and continuity. No one likes uncertainty and change less than long-term investors and institutions.

But, one of the succession difficulties is likely to be that the most qualified new potential entrants have, at best, a complex relationship and a mixed history with Emanuel. His own entry into office was aided immeasurably by a warm handoff from the departing Mayor Richard M. Daley. Of course, that hearty handshake was accompanied by a bucket full of hot messes which Rahm spent years trying to straighten out, with substantial success. No other mayor ever endeavored--much less succeeded, in large measure-- in cleaning up Chicago's decades of mismanaged and underfunded pension plans for police, firefighters and teachers. No other mayor grew the city's tech sector by tens of thousands of jobs year after year and made Chicago the nation's leader-- five years running-- for corporate headquarters relocations. And no other mayor expanded the public-school day and school year so that by graduation, Chicago public school students will have spent more than two additional years in class than when Emanuel arrived on the scene.

No one expects a similar amount of support from the 5th floor of City Hall this time around for virtually any of the major undeclared candidates, at least at this point. Of course, politics makes for strange bed-fellows, so I guess we will just see what happens. But, apart from the politics and the befuddled state of the city at the moment, there's a very important lesson for prospective entrepreneurs as well in Rahm's parting comments.

Being the boss means doing it ALL. Every day. All day. You don't get to pick and choose the fun parts. You don't get to delegate the hard conversations or the ultimate responsibility. And you don't have to shoulder the disappointments when people let you down or the hurt you feel when you suffer alongside the families and the kids who you wish you could have only helped a little bit more.

Only a few special people are up to jobs like this - be it mayor or CEO. A lot of folks kid themselves into believing that this is what they want to do with their lives, but they have no idea of how all-consuming and enervating a task it is. And what it costs in terms of your personal life and health and the lives of your family.

My advice to every aspiring entrepreneur is to be very careful what you wish for and do your homework before you take the leap. Seven scars are just the beginning. The occasional highs are okay, but the inevitable and continual lows are brutal.

My advice to the clowns so far who are seeking to succeed Mayor Emanuel is to do yourself and our city a favor and keep whatever day job you may have.


Thursday, July 19, 2018

MAYOR EMANUEL AND DMG MORI ANNOUNCE COMPANY IS RELOCATING CORPORATE HEADQUARTERS TO CHICAGO


MAYOR EMANUEL AND DMG MORI ANNOUNCE COMPANY IS RELOCATING CORPORATE HEADQUARTERS TO CHICAGO

Innovative Tech Manufacturer to Locate North American Headquarters Near Illinois Institute of Technology on Chicago's South Side; Move Follows Mayor's Economic Mission to Japan and China








Mayor Rahm Emanuel today joined DMG MORI to announce the company is relocating its North American headquarters to Chicago. The move follows a meeting between the company and Mayor Emanuel during a recent trade mission to Japan. The company is working with Illinois Institute of Technology to identify space on and near the school's campus for the company to move into and build a product showroom.

"Manufacturing is written in Chicago's DNA and today the sector is running on all cylinders," Mayor Emanuel said. "Thanks to world-class institutions like Illinois Tech and global companies like DMG MORI we are creating jobs today while ensuring the future of manufacturing in Chicago is even stronger than its past."

The move is driven by the DMG Mori's desire to interact with faculty and recruit talent from IIT. The company is currently headquartered in Hoffman Estates and has approximately 225 employees at that location and more than 1,000 in the US, Mexico and Canada.

"DMG MORI is a world leader in manufacturing technology," said DMG MORI USA President James Nudo. "The opportunity for us to interact on a daily basis with the faculty and students of Illinois Institute of Technology is unique to our industry. Locating our North American Headquarters in the world class city of Chicago gives us an unlimited potential going forward."

Since its foundation in 1948, DMG MORI CO., LTD. has continuously provided innovative machine tools for customers all over the world. The company deeply appreciates its customers' long-term patronage and support. The company reached a capital and business partnership agreement with German machine tool builder DMG MORI AG in 2009 and completed management integration with them in 2016. Together the companies have a total of approximately 12,000 employees with diverse backgrounds, all heading to the same direction with the aim of being the No. 1 machine tool manufacturer for customers and total solution provider. DMG MORI appreciates all of the people in the manufacturing industry and continuously exerts full efforts for further business growth as a group of reliable professionals.

"Illinois Tech is honored to partner with DMG MORI as it brings its legacy of innovation to the city of Chicago," Illinois Tech President Alan Cramb said. "As Chicago's premier tech-focused university, we have a long history of contributing to the economic vitality of this great city. And I know that our talented students and faculty will be an extraordinary resource for the company. Illinois Tech is a university where students learn by creating, building and solving, and we couldn't think of a better educational opportunity than for our students to work with - and learn from- a company like DMG MORI."

IIT is a private, independent research university that is technology-focused, innovation-centered, and idea-driven. It offers undergraduate and graduate degrees in engineering, science, architecture, business, design, human sciences, applied technology, and law. One of 21 institutions that comprise the Association of Independent Technological Universities, Illinois Tech offers exceptional preparation for professions that require technological sophistication, an innovative mindset, and an entrepreneurial spirit.

In the last three years alone, Illinois Tech has produced more than 3,300 computer sciences, electrical and computer engineering, information technology, business, design and food science graduates. Illinois Tech is second in the nation in overall economic mobility of its students among highly selective private universities.

Alan W. Cramb
President, Illinois Institute of Technology

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