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Commercializing Technology to Drive New Business Formation:
The Experience of Entrepreneurs

 November 14, 20067:30 a.m. to 11:30 a.m.
The Conference Center at UBS Tower
Michigan II Room
One N. Wacker Drive

In 2005, the Economic Development Council and its Technology Commercialization Task Force (TCTF) undertook a review of the state of technology commercialization in this region.  In a series of programs and study groups the Technology Commercialization Task Force brought together over 100 individuals from the public, private, academic and other sectors.  Following a review of existing material on the matter and discussion of new ideas and concerns, the results were compiled in, “Defining an Economic Development Roadmap for the Region to Obtain the Benefits of Technology”.

Since the report was issued in October 2005, the Task Force has continued to meet, discuss and analyze the Roadmap with additional organizations and individuals, with the goal of communicating, refining and implementing the Roadmap.  In May, The Task Force brought in leaders from model technology “clusters” in Cambridge, England, San Diego, and St. Louis to share their insights and advice for Chicago’s technology entrepreneurs, as our region explores the potential for establishing a resource organization to provide connectivity, benchmarking, marketing and support for technology commercialization in the region.  In September, we brought together a panel of small and mid-sized manufacturers, development organizations and academia to explore technological opportunities and resources available for manufacturing.

The Task Force now invites you to join us as we look at technology commercialization as it relates to driving new business formation in our region. We will provide a first person perspective of the current condition of our mechanisms, resources and infrastructure in support of entrepreneurism and new business formation. From this, we will explore the ease or difficulty entrepreneurs experienced when identifying and accessing the resources necessary to launch and build their businesses. The discussion will focus upon the technology commercialization and business formation mechanisms that work and should continue as is, that don’t work well and need to be improved, and that do not exist and need to be created. The program will feature serial entrepreneurs who have successfully built and launched new businesses and a leader of an organization focused upon accelerating the transition of cutting-edge technologies to the marketplace by connecting innovators to investors and companies. This forum will be presented in a panel format with ample time allotted for audience discussion and Q&A.

The cost of the program is $50, with a discounted rate offered to EDC members.  Reservations are mandatory and can be made via our website www.EDCChicago.org

The agenda and speakers are as follows:

7:30 – 8:00 Registration and continental breakfast
8:00 – 8:10 Introductory remarks
8:10 – 8:30 Keynote address
Victor Hwang – President, Larta Institute
8:30 – 10:00 Presentations regarding the state of resources and infrastructure available in the region to support entrepreneurism and new business formation.
Michael Ferro, Jr. – Chairman and CEO, Click Commerce, Inc.
Michael Flavin – CEO and Chairman, Advanced Life Sciences, Inc.
Chris Gladwin – President and CEO, Cleversafe, LLC
Marsha McVicker – CEO, Errand Solutions, LLC
10:00 – 10:15Coffee break
10:15 – 11:30 A panel comprised of our speakers, Michael Ferro, Michael Flavin, Chris Gladwin, Victor Hwang, and Marsha McVicker and moderated by Maria Burud, President, Zanon Group will answer questions from the audience.

Co-Sponsoring Organizations:
Chicago Microtechnology and Nanotechnology Community
Illinois Global Partnership
Illinois I.T. Association
Licensing Executives Society
University of Illinois Chicago College of Business Administration



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