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February 09, 2014 11:00 PM

New workspace, hub for healthcare technology startups heading to Chicago

Rachel Landen
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    Chicago's Merchandise Mart will be the home of a new collaborative workspace and hub for startup healthcare technology companies, beginning this fall.

    Illinois Gov. Pat Quinn announced the new center, known as Matter, at an event Thursday, along with other local civic and business leaders. Matter is designed to bring entrepreneurs, academics and investors together to work on companies and projects related to healthcare IT, medical devices, medical diagnostics and biopharmaceuticals.

    “We are committed to taking our medical technology industry to the next level,” Quinn said in a news release.”Matter will serve as a central location to empower entrepreneurs and spur economic growth, while advancing Illinois' role as a national leader in life sciences and health innovation.”

    The not-for-profit organization is part of a larger initiative by the Quinn administration and the Illinois Innovation Council to grow the state's technology sector. The state already invested $2.3 million to launch 1871, a digital startup hub and Matter's future neighbor, as well as $1.7 million to build the HTI, a healthcare R&D facility in the Illinois Medical District.

    Matter is being funded through a $2.5 million state investment and a loan of $1.5 million, administered through the Illinois Department of Commerce and Economic Opportunity. Additional funding from corporate sources is expected to be raised by the group's board.

    Follow Rachel Landen on Twitter: @MHrlanden

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        • Midwest
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    • Blogs
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        • Top Innovators
        • Diversity in Healthcare
          • - Luminaries
          • - Top 25 Diversity Leaders
          • - Leaders to Watch
        • Women in Healthcare
          • - Luminaries
          • - Top 25 Women Leaders
          • - Women to Watch
      • Conferences
        • Digital Health Transformation Summit
        • ESG: The Implementation Imperative Summit
        • Leadership Symposium
        • Social Determinants of Health Symposium
        • Women Leaders in Healthcare Conference
      • Galas
        • Best Places to Work Awards Gala
        • Health Care Hall of Fame Gala
        • Top 25 Diversity Leaders Gala
        • Top 25 Women Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Hospital at Home
        • - Workplace of the Future
        • - AI and Digital Health
        • - Future of Staffing
        • - Hospital of the Future (Fall)
      • Webinars
    • Multimedia
      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Sponsored Video Series - One on One
      • Sponsored Video Series - Checking In with Dan Peres
    • Data & Insights
      • Data & Insights Home
      • Hospital Financials
      • Staffing & Compensation
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