There are plenty of entrepreneurs looking to launch startups with a goal to have very good growth potential. The best thing is that they are not looking to start it in the Silicon Valley and this means that they do not need to worry about rising operational costs.
Chicago is one of the happening places for startups and the multi-billion-dollar exits like Cleversafe and Braintree are testimony to this fact. But, there needs to be a lot done to improve the scope for startups. There is a clash of cultures when one thinks to set up a Silicon Valley style of a startup in Chicago. It is important that Chicago has a very good investment community that is ready to take the plunge into investing in startups and also start with a good seed capital.
Chicago also needs to do its bit in order to grab the attention of the investors. The retention of the talent in the region is very important and top students must not be allowed to move to Silicon Valley. They must be provided with ample opportunities to show their skill in Chicago.
The state must offer incentives for the investors and the startup founders. This will drive more passionate people to take a deeper plunge into their areas of interest. The corporate companies in Chicago must also support the up and coming startups.