Illinois Science + Technology Blog

March 2018

The Hyde Park Angels team conducted a deep dive analysis into the Midwest Venture Capital ecosystem by aggregating and assessing data from Pitchbook, the U.S. Census, the Bureau of Economic Analysis, and the Illinois Venture Capital Association. We defined the Midwest, also classified as the Great Lakes Region, as Illinois, Indiana, Ohio, Michigan, Minnesota, and Wisconsin.

* The Midwest Is the Biggest Venture Capital Presence Outside of California. Chicago leads the nation with the largest number of exits that produced returns over 10x.

* Illinois Leads the Midwest Venture Capital Ecosystem. At $1.94B in dollars invested across 227 deals in 2017, Illinois startups received more investment than all other Midwest states combined.

* Illinois Sees Greater Investor Returns and Lower Company Operating Costs Than Rest of Nation. This trend has been going on since 2014 and represents a flight to quality.
To access the entire report, click here.

Past Postings

February 2018

Opportunities in Chicago

Chicago tech's momentum keeps on building, with companies... Read on >

November 2017

Suburban Offices are Cool Again

For millennials, the suburbs are the new city, and employers... Read on >

September 2017

Exicure Expansion

Exicure is a clinical stage biotechnology company developing a new... Read on >