Gov. Quinn announces results of Corporate-Startup Challenge

Illinois Gov. Pat Quinn announced the results of the second Corporate-Startup Challenge in June. The program was developed by the Illinois Innovation Council then run by the Illinois Science & Technology Coalition (ISTC) last year.

The second run of the program resulted in 18 partnerships between startups and Illinois corporations. Some of the collaborations are the startups Servabo and SimpleRelevance with Allstate, Ploughman Analytics with John Deere and SiNode Systems with Motorola Mobility.

Each partnership varies – some include investments, contracts and mentor relationships. Other major corporations participating in the challenge are Molex Inc., Walgreens, ADM, Exelon Corporation and Hyatt Corporation.

There were more than 200 startups referred to the program, and 62 of them have been matched with one corporation or more. Of the startups in the program, 45 presented at one or more "Demo Day" events. Each participating corporation examined the potential startups and made connections during Demo Day events.

Quinn feels the program "..gives the startups important experience and business, while helping these large corporations continue to innovate and stay competitive in the global marketplace. This will create jobs and drive innovation throughout Illinois."

Whether its startups or large corporations, expanding businesses should work with Chicago recruiters to find the most qualified candidates for their open positions.