Challenge Cup
Report Reveals How to Drive Economic Growth in Cities
Free Enterprise Staff | May 20, 2015

How can cities attract the entrepreneurs responsible for fueling economic growth? It’s the kind of question that every public official yearns to know the answer to—and it’s also the subject of “Innovation That Matters,” a research report co-developed by Washington, D.C.-based incubator and global seed fund 1776, along with the U.S. Chamber of Commerce Foundation and FreeEnterprise.com.

Since it was released last Friday, the study has garnered attention across the U.S., with leaders in the eight cities it prominently featured— Austin, Boston, Chicago, Detroit, New Orleans, New York, San Francisco, and Washington, D.C.—now looking at how to apply its findings moving forward.

In Chicago, for instance, officials are now debating what they can do to drive the city forward after the report designated it as an ‘emerging’ market for civic innovation. A lot of that success can be traced to startups like those that competed in 1776’s Challenge Cup competition. (You can learn more about its participants and winners here and here.) It’s these kinds of companies that ‘nascent’ cities like Detroit are working so hard to attract.

To learn more about how civic officials and business leaders can use the report to drive economic growth in cities, head over to Medium, which has an awesome breakdown of the study’s main findings.