Big Bets
Impact
Initiatives
News
About
Connect

Five years of transformational impact for Chicago.

Growing, together.

A rendering of the campus of the 128-acre Illinois Quantum and Microelectronics Park.

Since 2019, P33 has helped deliver tangible impact for Chicago, Illinois, and the region at large. But, this progress is not possible without the support of our partners, investors, and the Chicagoland community. We are confident that together, we can continue to build a more prosperous future for all.

Up to $1.5B
Federal funding through Innovate Illinois
$160M
Follow-on funding raised by TechRise founders
Up to $10B
Private investment in focus
40+
points
Chicago’s National Promoter Score increase
900+
students
Participants of the Strong Start program
40+
companies
Tech Talent Alliance members
5000+
new EV jobs
From business expansion in Illinois
$34.6M
funding raised by Speed Round startups
$3M
Good Jobs Challenge grant allocated to develop tech talent

Moments That Matter

2019
2020
2021
2022
2023
2024
2025
A distant view of the Chicago skyline with a boat on the Chicago River in the foreground.
  • P33 is founded, marking the beginning of efforts to unify Chicago’s tech ecosystem and position the city as a major tech hub. 
  • P33 mobilizes its entire team to support the state and city with efforts to address the COVID-19 crisis, including supporting the Illinois Department of Public Health in determining the viability of testing and contract tracing, building an implementation plan for contact tracing, and supporting the state with systems implementation.
  • In partnership with Discovery Partners Institute, P33 builds a skills portal to provide online upskilling for the tens of thousands of individuals who were suddenly unemployed due to the pandemic.
  • P33 solidifies partnerships with local organizations and businesses, creating a network of support across government, academia, and private sectors.
  • Strategic planning and groundwork laid for initiatives aimed at securing funding for tech hubs and workforce development.
  • Gotion, Lion, and Rivian all receive incentives from the REV Illinois Act, is a highly competitive program to bolster Illinois manufacturing in the clean jobs economy across the electric vehicle and renewables sectors.
  • TechRise launches, addressing capital distribution for early-stage founders and resulting in over $160M in follow-on funding raised by founders.
  • The Tech Talent Alliance is formed, with 40+ member companies committed to developing tech talent opportunities for all in Chicago.
  • P33 Strong Start pilot is launched to increase tech-career readiness among undergraduate students.
  • P33 helps Chicago secure $18.5M through the Good Jobs Challenge initiative to support workforce training in key sectors like healthcare, IT, and manufacturing.
  • P33 contributes to the launch of Innovate Illinois, a public-private partnership, which secures $51 million in federal funding for biomanufacturing initiatives in Central Illinois
  • The inaugural TechChicago Week fortifies Chicago’s tech ecosystem by promoting opportunities for all and community-building within the tech industry. 
  • Speed Round is launched, giving founders access to expert-led workshops, investor-led Q&A sessions, and the tools and frameworks to help grow and scale their businesses.
  • The U.S. Economic Development Administration (EDA) designate two Illinois programs as part of 31 Regional Technology and Innovation Hubs. The Illinois Fermentation and Agriculture Biomanufacturing Hub (iFAB) and The Bloch Quantum Tech Hub were selected based on their innovation and economic growth potential.
  • The NSF Regional Innovation Engines program awards Current, the Chicago-based water innovation hub, up to $160M over 10 years to develop and grow a water-focused innovation engine in the Great Lakes region. Current is one of the 10 inaugural NSF Regional Innovation Engines.
  • The first Chan Zuckerberg Biohub, CZ Biohub Chicago, brings together three of Illinois' leading scientific and technology institutions with an ultimate goal of understanding and treating the inflammatory states that underlie many diseases. 
  • TechChicago CommonApp is released, a centralized platform to connect nationwide investors with Chicagoland founders to deliver efficient access to resources and capital opportunities.
  • The inaugural Climate-Tech Week showcases clean energy and sustainable innovations and draws 2,000+ attendees.
  • The State of Illinois, with partners including IBM, University of Illinois Urbana-Champaign, and University of Chicago, build the National Quantum IBM Algorithm Center, harnessing the power of quantum computing to solve some of the world’s biggest, most intractable challenges and create jobs and investment for the state.
  • P33 plays a pivotal role in bringing the Illinois Microelectronics Park to Chicago, advancing the region’s leadership in semiconductor innovation and manufacturing.
  • P33 helps secure a $1B+ quantum computing campus on the former USX steel mill site, with PsiQuantum proposing the country’s first utility-scale quantum computer, expected to create 10,000 jobs and generate $20 billion in economic impact.
  • P33 helps launch Velocity, a $50M hyper regional hybrid fund designed to expand access to capital at the riskiest layer of the capital stack.‍
  • Xchange Chicago, a $20M tech workforce and training center, is announced as a flagship project opening in 2025, projected to create 5,000 jobs at scale and $70 million of economic impact.
  • P33 helps facilitate a landmark DARPA and PsiQuantum partnership, positioning Chicago at the forefront of next-generation quantum computing breakthroughs.
Reports
Tech Talent Report 2024
Tech Talent Report 2024
Plug in:
info@p33chicago.com
Follow us everywhere:
Plug in:
info@p33chicago.com