Matter News


Abbott signs on to support MATTER

John Pletz, Crain’s Chicago Business, January 26, 2016

Abbott, one of Chicago’s biggest health care companies, signed on as a top-level partner of Matter, a health-technology incubator at the Merchandise Mart.

Abbott is a platinum-level sponsor, alongside seven other health care heavyweights, such as AbbVie, Astellas, Blue Cross & Blue Shield of Illinois, Takeda Pharmaceuticals and others.

“It’s one of the biggest health care brand names in Chicago,” Matter CEO Steven Collens says. “We’re thrilled to welcome them.”

Abbott was in the process of splitting into two companies as Matter was being formed. Baxter, which also underwent a breakup, has yet to sign on. Matter, which launched a year ago, is home to 115 startups and counts about 50 industry partners.

Abbott will serve on Matter’s advisory board, which helps provide guidance on programming to spur innovation. Companies collaborate with Matter startups, helping them sharpen their business plans and figure out how to land big customers while getting a close-up look for themselves at new technologies and disruptive ideas.