Recent Chicago Crain’s article celebrating 20 years of entrepreneurship and innovation. The article outlines how the University of Chicago has played a pivotal role in developing new businesses such as Grubhub and and Braintree. Moreover, the article outlines the history and impact of the world renown University of Chicago “Venture Challenge.” This annual challenge creates credibility and spotlight for those that can win.
http://www.chicagobusiness.com/article/20160227/ISSUE01/160229890/university-of-chicagos-new-venture-challenge-turns-20
Really cool story. Its amazing that nearly 18% of the companies from the competition are still in business. In the 20 years that the competition has been in business, they have averaged over 7.1 companies being launched that are still in business today. In addition, the amount of money they have raised is also incredible. Creating this challenge was a clearly a great decision.