Adam Piotrowski got stuck when he tried to start a medical device company here three years ago.
“I knew Chicago was a great place to start a business, but it was hard to find a place to be based where I could develop and set up prototypes, work with a variety of resources nearby and get in touch with all of the people I needed to,” the Oak Park native said.
Chicago-based Packback, a pay-as-you-go digital textbook rental service, has closed on a $1 million seed round of funding to build out its technology platform and expand to more college campuses nationwide. The company, at 330 N. Wabash, expects to hire two more software developers by year’s end, bringing the workforce to nine, co-founder Mike Shannon
Lawyers for Northwestern University student-athlete football players on Thursday evening filed their latest arguments in favor of allowing the players to vote to form a union.
A broker has agreed to pay $850,000 in fines and has been barred from the securities industry to settle charges he schemed to profit from terminally ill patients’ deaths, including patients in Chicago, through variable annuity sales, federal regulators announced Thursday.
The University of Chicago has sold Harper Court, its newly upscaled 53rd Street commercial district, to a major Israeli financial institution for $112 million, the university announced Tuesday. The buyer, Clal, is a publicly held insurance company and pension-fund manager with more than $40 billion in assets under management. The university said it signed a
ParkWhiz, a Chicago-based discount-parking-spot finder, has raised $10 million from heavy-hitter investors so it can double its workforce and boost big-name partnerships to become a key part of the “smart car” future. Drivers can use ParkWhiz’s free app to find the cheapest parking in real time, download a mobile pass and wave their smartphone at
Sunshine Gospel Ministries, which will open a small-business incubator in the Woodlawn community next month, is set to announce Thursday a $600,000 commitment from Madison Dearborn Partners managing director Jim Perry to expand its work.
Tuesday’s Techweek Chicago fashion show drew raves for its ideas about dressing up — rather than the dressing down it got over the bikinis that models wore on the runway last year. The remodeled modeling came two weeks after what many in Chicago’s tech community deemed a sexist and demeaning promotion for a Techweek Chicago charity event called