Groupon Co-Founder Shares How He Created an Idea and Creativity Hotbed in Chicago Now in its third year, Chicago Ideas Week eclectic program attracts world leaders and nearly 30,000 attendees in search of creativity and new ideas. Here's a look at how they did it.

By Gwen Moran

Opinions expressed by Entrepreneur contributors are their own.

Bloomberg News

It's not unusual for a city or region to hold events designed to attract and foster entrepreneurship. What's impressive about Chicago Ideas Week (CIW), the Windy City's foray into this area of economic development, is how quickly it's grown and the notable people it has attracted. Groupon co-founder Brad Keywell founded the event, which takes place October 14 through 23. Here's how they went from zero to an expected 25,000+ attendees in three years.

Groupon is one of Chicago's hometown success stories and Keywell wanted to foster entrepreneurship and new ideas in his own backyard. He formed Chicago Ideas Week as a nonprofit and has enlisted the involvement of the mayors' offices—first Richard Daley and now Rahm Emanuel -- for each event. Using Keywell's cachet as a highly successful entrepreneur and tapping other Chicago-based successes like advertising agency Leo Burnett, t-shirt company Threadless, and various regional institutions like the Adler Planetarium, Illinios Institute of Technology and others.

These high-profile participants and venues have helped the event attract other luminaries. Among this year's 200 speakers are former astronaut Buzz Aldrin, Meet the Press host David Gregory, and activist Elizabeth Smart, to name a few.

Instead of creating an event that was all business all the time, the CIW team develops programs across a broad swath of disciplines ranging from art and music to technology and crime-fighting. Keywell wanted to find solutions and fresh ideas by sharing information with people who have different life experiences and cultural influences.

Related: Groupon's New CEO May Be Its Best Deal Yet

The event includes dozens of talks, labs and master classes in business, technology, architecture, art, and even butchering. CIW's full-day Edison Talks component requires application and is limited to 900 attendees. Additional features like the GE Garage will be equipped with 3D printers, CNC mills, laser cutters, and other tools, and staffed with experts to help you learn these systems. Evening technology and financial programs are "like intellectual rock concerts. They're exciting, and there's surprise, and there's music. There's great conversation," he says.

Keywell says this was important to allow attendees to choose a variety of subjects based on their interest levels and differentiate them from typical seminars. Rather than being exclusive and expensive, he wanted everything to be as accessible as possible to encourage people of different means to attend. Tickets for the dozens of talks, labs and master classes can be purchased a la carte for $15 each.

"There are not a lot of organizations [bring together] diverse people like scientists, poets, entrepreneurs, artists," says Keywell. "When I created Ideas Week, part of the vision is this can be a connective tissue among all these provocative thinkers and doers in our community to create a solutions platform."

Related: How Groupon Thinks It Can Become a $100 Billion Company

Wavy Line
Gwen Moran

Writer and Author, Specializing in Business and Finance

GWEN MORAN is a freelance writer and co-author of The Complete Idiot's Guide to Business Plans (Alpha, 2010).

Editor's Pick

'Catastrophic': Here's What You Should Know About the Debt Ceiling Crisis — And How a Default Could Impact Your Business
Lock
I Helped Grow 4 Unicorns Over 10 Years That Generated $18 Billion in Online Revenues. Here's What I've Learned.
Lock
Want to Break Bad Habits and Supercharge Your Business? Use This Technique.
Lock
Don't Have Any Clients But Need Customer Testimonials? Follow These 3 Tricks To Boost Your Rep.
Why Are Some Wines More Expensive Than Others? A Top Winemaker Gives a Full-Bodied Explanation.

Related Topics

Money & Finance

3 Ways to Create Multiple (Big) Streams of Income

Here are three ways to create multiple streams of income. These strategies require effort and resources but offer significant financial potential.

Science & Technology

4 Things You Must Not Forget When Starting a Business

Starting a business is not easy, but if you cover yourself on these four areas, you are headed in the right direction.

Resumes & Interviewing

3 Personal Statement Examples for College Admissions

Personal statements represent who you are as a person to admissions officers at universities. Continue reading for everything you need to know about how to write one, including examples.

Business News

7 of the 10 Most Expensive Cities to Live in the U.S. Are in One State

A new report by U.S. News found that San Diego is the most expensive city to live in for 2023-2024, followed by Los Angeles. New York City didn't even rank in the top 10.

Business News

Some CEOs Took a Pay Cut — It Would Still Take Workers 186 Years to Make the Same Salary

A new report found that CEO compensation increased by only 0.9% in 2022, the smallest increase since 2015.

Starting a Business

Get Unstuck: Anthony Trucks Shares How to Make a Meaningful Shift in Your Business and Life

Build your resilience, overcome setbacks and achieve meaningful goals.