Report from HospitalityTourism Laurence Geller

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Report from HospitalityTourism Laurence Geller
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RESULTS REPORT Hospitality Tourism

• Innovation Challenges Opportunities in Sector
• Need to make Chicago a global city but it appears
  we are focused regionally and are provincial
• There is airline fatigue government is tired of
  hearing about it
• Underutilized Assets for industry Region
• Get our young people to understand the importance
  of our industry and its positive impact in the
  quality of life
• Partner will all the great areas of Chicago to
  help leverage tourism dollars
• Opportunities to Collaboration to Accelerate
  Innovation
• Public sector needs to listen to and support the
  private sectors ideas and innovations
• Personalize travel for the leisure traveler to
  augment what we are doing in the convention
  business
• New Approaches to Bolster Regions Global
  Competitiveness
• Need at the state and national level a cabinet
  position that is focused on our industry

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Questions, Ideas, Actions Report Hospitality
Tourism

• Questions Needs
• What can we do to get the word out
  internationally about our great city?
• Need to get the Olympics as it would make a huge
  positive impact for many years to come
• Need to get our young people to realize that the
  service industry is a great business to be in
• Ideas Solutions
• Work closely with labor in developing a strategy
  for growth
• Educate the market place use Chicago
  ambassadors/evangelists from a cross section of
  businesses
• Wages need to reflect that our business is an
  avocation
• Actions Potential Next Steps
• Get a Deputy Commissioner of Congress appointed
  to get the ball rolling
• Nothing will get done nationally it is up to us
  on the local level to get us moving in the right
  direction

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Report from Transportation Logistics Mike
Johl
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RESULTS REPORT Transportation/Logistics

• Innovation Challenges Opportunities in Sector
• Trust factor for collaborating with new vendors
• Workforce replacement shortage and retention
  issues
• Underutilized Assets for industry Region
• New partners such as vendors, trucking for
  groceries
• Research facilities to find new fuel sources
• Opportunities to Collaboration to Accelerate
  Innovation
• Partnership with Universities to determine new
  technologies
• Collaboration between different transportation
  sources
• New Approaches to Bolster Regions Global
  Competitiveness
• Communicating with local business about
  international markets

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Questions, Ideas, Actions Report
Transportation/Logistics

• Questions Needs
• How to develop appropriate workforce to step into
  jobs
• How to develop Gary, Milwaukee and other airports
• More real estate for airports and rail
• Ideas Solutions
• Expand and well planned infrastructure for
  example 355 to Northwest Indiana
• Increase truck pull length
• Working with companies such as Navteq and
  integrating their technologies
• Actions Potential Next Steps
• We should be the supply chain experts globally
• Education for employees and promote mentorship
• Businesses forcing government regulation changes

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Report from IT Michael Krauss
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RESULTS REPORT Part 1 Information Technology

• Innovation Challenges Opportunities in Sector
• Talent
• Convincing others that Chicago has more than they
  think
• Identify earlier in school to find tech talented
  children
• Wifi for all the communities
• for non-profits doing this work
• Risk less tolerant in Chicago
• Underutilized Assets for industry Region
• Diversity, African Americans
• IC stars and others like them
• Look at where we have always excelled, our
  bedrock , lots of Chicago stories we arent
  telling, e.g., Archipelago
• The chamber needs more linkage to education to
  help business
• More PR from venture capital and more news
  coverage
• Keep innovation developed here commercialize here
• Incentive for reinvestment in the community

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RESULTS REPORT Part Information Technology

• C. Opportunities to Collaboration to Accelerate
  Innovation
• Chicago Chamber host collaboration meetings
  between CIOs or CEOs of Chicago companies
• More networking between F2000 in Chicago area
• Go for better tolerance of risk
• 18 or so companies taking lab results
  commercially
• Bring fragmented community together
• Companies more than just individuals to support
  IC Stars and organizations like them
• Build tech savvy community to educate companies
  to use technology more effectively
• Partner with educational institutions
• D. New Approaches to Bolster Regions Global
  Competitiveness
• Areas we are known for, e.g. green city, can we
  do the same
• Appears Midwest companies not good at PR and
  bragging about themselves
• Chicagos lifestyle is an attractor
• John Calloways daughters to sing a song about
  Chicago tech
• Bridge programs to buy locally
• More active PR campaigns across the country about
  long term sustainability of business in Chicago
• Kidnap reporters from east and west coast to
  energize people to do innovative things
• Redefine Chicagos value proposition for business

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Report from Bio Science John Larson
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ROUNDTABLE ACTION REPORTKey Themes from
Breakout Groups

• Innovation Challenges Opportunities Maintain
  momentum of BIO 2006
• Small Company Business Support
• Utilization of Wet Lab
• Education Education Education (K-16)
• Underutilized Assets
• Tech Parks/ Fill them up and build new ones
• Leverage our great Universities (Hub for Midwest
  Universities)
• Alumni
• Opportunities to Collaboration to Accelerate
  Innovation Connect
• Connect the players and the catalysts (iBIO/iBIO
  Institute)
• Promote University Industry Collaborations
• Tech Fairs
• New Approaches to Bolster Regions Global
  Competitiveness
• Judge ourselves against the great cities of the
  world
• Continue to sell Chicago to attract Global
  Organizations

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ROUNDTABLE ACTION REPORTBio Sciences

• Questions Needs Think Globally and Locally
• How do we attract serial entrepreneurs
• How do we attract and keep employees
• Invest in education
• Ideas Solutions Build on Momentum of B IO 2006
• Make Connections
• Make it easier for businesses to start and grow
• Foster relationships with entrepreneurs
• Actions Potential Next Steps a written plan
  for success
• Define a 5 to 10 year plan with goals and metrics
• Continue to utilize breakout group as working
  group
• CONCLUSION Its Lonely in the Bread Basket

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Report from Financial Services Richard
Leftwich
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RESULTS REPORT Financial Services

• Innovation Challenges Opportunities in Sector
• In this highly competitive work environment with
  excellence MBA programs in the Chicagoland
  region, how are you able to attract and retain
  the best talent?
• How can we reverse the exit of corporate
  headquarters? And, why is this important?
• Underutilized Assets for industry Region
• How might public education and private business
  exchange be encouraged and expanded?
• Chicagoans are a highly competitive group and
  very supportive of their sports teams. How might
  this attitude affect innovation?
• Opportunities to Collaboration to Accelerate
  Innovation
• Will the merger of the Mercantile Exchange and
  the Chicago Board of Trade be positive or
  negative?
• How might we create a more open business
  community where old guard and new guard are able
  to collaborate? How do we help young people
  penetrate the network?
• New Approaches to Bolster Regions Global
  Competitiveness
• If we cant compete with Silicon Valley, what
  other sectors are open where we might be able to
  dominate?
• Today, weve heard that education is superior in
  Chicagoland, but what specialty areas could be
  better dev eloped?

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Report from Manufacturing Mahesh Lunani
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RESULTS REPORT Manufacturing

• Innovation Challenges Opportunities in Sector
• Dramatically improve collaboration across region
  and globally
• Orchestrate technologies not all developed
  internally
• Maintain a powerful, business friendly government
  and educational systems
• Market Chicago to attract and maintain talent
• Majority of business school students are opting
  for entrepreneurship
• Underutilized Assets for industry Region
• People from all cultures within Chicagoland and
  around the world
• College/University base could facilitate
  collaboration and incubate new ideas/business
  models
• Opportunities to Collaboration to Accelerate
  Innovation
• Utilized advanced computing expertise
• Industrially robust blogs and other innovative
  ways to network and communicate
• New Approaches to Bolster Regions Global
  Competitiveness
• Create new ways to support, mitigate and
  incentivize risk taking
• Innovative ways to share successes and failures
• Redefine what a chamber of commerce is and what
  it does

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Questions, Ideas, Actions Report Manufacturing

• Questions Needs
• How do I find new partners with whom to
  collaborate?
• How do I find financial, knowledge, and public
  policy support?
• How do I redefine manufacturing and services?
• Ideas Solutions
• Chamber facilitates innovation champion companies
  for different types of innovation
• Industrial Matchmaking
• Regional knowledge databases across
  sectors/markets

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Report from Communications Bruce Vojak
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RESULTS REPORT Communications

• Innovation Challenges Opportunities in Sector
• X If the world is flat relative to
  communication, how does our region differentiate
  itself?
• X There are cultural issues in communicating
  with other regions and within this region
• Underutilized Assets for industry Region
• X Each other there is expertise in this
  industry that can be applied to other industries
• X K 12 pipeline workforce development needs
• Opportunities to Collaboration to Accelerate
  Innovation
• X More networking opportunities (e.g. todays
  event) to share within industry and with other
  industries
• New Approaches to Bolster Regions Global
  Competitiveness
• X Corporate venture funds to encourage
  entrepreneurship

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Questions, Ideas, Actions Report Communications

• Questions Needs
• X Diversity needed as a key value for innovation
• X More of an entrepreneurial culture needed
• X How can we innovate in a uniquely Chicago way?
• Ideas Solutions
• X Business model sharing with others in this
  industry and with other industries
• X Innovation SWAT team
• X Innovation Olympics
• X Story telling / legends including discussion
  of tools and processes
• Actions Potential Next Steps
• X Leverage todays attendees to get the word out
  create a buzz in your organization, link
  participants
• X Stop positioning region relative to negatives
  turn our traits into a positive
• X Call on government officials to send the
  message on regional innovation successes