The federal government has recently dedicated an unprecedented level of investment to catalyze more inclusive and sustainable regional economies. To aggressively compete for these federal dollars, leaders from across the state have formed Innovate Illinois, a public-private partnership to secure federal funding for Illinois to support science, technology, and climate initiatives. The partnership has mobilized more than 20 organizations and institutions and has 100+ individuals contributing to its efforts.

TechRise brings community, capital, and connections to tech founders from Chicago. Since its launch in 2021, P33 has deployed more than $3.1 million in grants. This early-stage capital has enabled founders to raise an additional $164 million in follow-on funding, creating a more than 53X return on the initial investment.

P33 has helped launch three critical resources to elevate Chicagoland founders: TechChicago CommonApp, Speed Round, and Velocity. CommonApp is a centralized platform for startup programming applications, investor outreach, and deal flow. It connects nationwide investors with Chicagoland founders to deliver efficient access to resources and capital opportunities.
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Speed Round, a program started in 2022, gives founders access to one-on-one coaching, fast feedback, tools, and frameworks to help them grow and scale their businesses. Our goal is to help them raise an additional $200 million one year after completion of the program.

Velocity is a $50M hyper regional hybrid fund designed to expand access to capital at the riskiest layer of the capital stack, ensuring both emerging funds and startups in our region's most critical industries reach the traction they need to attract the additional funding required to scale.

With Comer Science & Education Foundation and SDI Presence, P33 has launched Xchange Chicago, an onshore delivery center built in partnership with Chicago’s communities. Leveraging commercial demand for IT services, Xchange is a groundbreaking model that promotes a more inclusive economy in Chicago’s South and West sides.

Powered by P33 and World Business Chicago, TechChicago Week has become the region’s premiere tech event connecting all of Chicago’s innovators. Each year, thousands of attendees gather for events, panels, afterparties, and world-class speakers.

The Tech Talent Alliance makes big, long-term bets to transform the city’s workforce through a powerful network, novel programming, and actionable insights centered on its demand-driven perspective of the tech talent ecosystem. The 40+ members range from Fortune 100 companies to high-growth startups and represent over 100,000 local employees.

At the end of 2022, Chicago received one of 32 Good Jobs Challenge Grants from the U.S. Economic Development Administration. This grant is designed to advance the workforce system and build lasting infrastructure for Chicago. P33 is playing a central convening role, bringing together employers and providers to identify pain points in the system and build solutions to mitigate them.