Awards may tell if bad economy again gives innovation a real lift
Monday, August 24th, 2009
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Lousy economies more often than not serve as a cradle of innovation. Microsoft, Oracle, Apple and Google are all examples of game-changing companies that were either founded or came of age under tough market conditions. For tomorrow’s class of industry pioneers, now is the time to make hay.
“People who innovate, especially now, end up with a significant leapfrog advantage,” explains Tom Kuczmarski, co-chairman of the Chicago Innovation Awards. “Those who understand the value of innovation are resilient to economic upturns and downturns.”
A nationally recognized author and industry consultant, Kuczmarski in 2002 founded the Chicago Innovation Awards with former Sun-Times business editor Dan Miller. The goal of the program is to showcase how Chicago area organizations — from startups to nonprofits to Boeing — best bring new ideas to the marketplace.
Nearly 250 entities were nominated for the 2009 awards, which will be announced Oct. 20 at the Goodman Theatre. Not surprisingly, the majority of companies that advanced to the existing field of 75 are Internet- and technology-focused. Gogo Inflight Internet Service, CrowdSpring and SurePayroll are among the companies that made the cut.
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