Home > Press > Peter Balbus Resigns as Chapter Chair and President of MIT Enterprise Forum of Chicago
Two-year tenure characterized by focus on innovation, dramatic organizational growth and increased chapter visibility in the greater Chicago business community.
Peter Balbus Resigns as Chapter Chair and President of MIT Enterprise Forum of Chicago
Chicago, IL | Posted on February 28th, 2007
The MIT Enterprise Forum (MITEF) of Chicago today announced the resignation of Peter Balbus as Chapter Chair and President, positions he has held with that organization since 2005. During his tenure, the organization implemented a highly successful membership program, growing from zero to nearly 300 active members in less than 18 months.
He repositioned the chapter, which had previously focused on connecting early stage start-ups with funding sources, to embrace a more sophisticated theme of innovation management and entrepreneurial activity in enterprises of all sizes. He also launched the MITEF Chicago signature "Below the Radar" Innovation Recognition program. That program recognizes outstanding examples of innovation in five categories: business model innovation, design innovation, technology innovation, innovation management and product/service innovation.
Under his leadership, MITEF Chicago also broadened its base of support from the business community of Chicago, successfully negotiating and sustaining sponsor relationships with a diverse range of organizations, including host sponsor Drinker Biddle Gardner Carton LLP, the British Consulate-General of Chicago, Mitsubishi International, Schwartz Cooper Chartered, Hostway, PRWeb, Vericron Printing, Arc Technology Group and JASE Consulting.
In his resignation letter, Balbus underscored his commitment to developing a unique community that shared a common interest in innovation but encompassed a broad range of industries and functional roles. That community has attracted the attention and interest of business, government and academic leaders who see the MITEF organization as a unique and valuable component of the Chicago business ecosystem. NBC-TV Channel 5 technology reporter Art Norman described MITEF Chicago in a recent broadcast as "The place where the best and brightest minds meet in Chicago."
Joe Hadzima, Chairman and President of the MIT Enterprise Forum, Inc. described Balbus' efforts as "Herculean" in developing new programs and recruiting new volunteers and sponsors in the Chicago area. Under Balbus' leadership, the chapter went from "ground zero to the highest rated chapter (literally) in the world - not even Cambridge scored as high."
In outlining his contributions to the organization, Antoinette Muller, Executive Director of the MIT Enterprise Forum, Inc. praised Balbus' efforts, asserting, "There will never be a volunteer that puts in as much energy, hours, talent, hard work, and caring thought - I have always admired that about Peter. We will reap the benefits for years to come."
MITEF Chicago chapter vice chair and board member Scott Oldach, a former IBM senior executive and co-founder of IBM's Global Consulting Group, said of his association with Balbus, "It has been a real pleasure to work with and get to know Peter over the past two years through our volunteer activities at MITEF Chicago. I have been impressed by his ability to articulate a compelling vision of the organization's future and then enroll volunteers in the successful effort to achieve and surpass that vision through his passion for excellence, organizational management and individual coaching skills. He leaves behind shoes that will be very difficult to fill with a team of people, let alone a single successor."
Balbus' commitment to building an innovation community is grounded in his lifetime professional interest in innovation management - the confluence of business strategy and emerging technology commercialization. Following a 15-year career as a senior practitioner and practice leader for some of the world's most prominent consulting firms including KPMG Strategic Services, CSC Index and Booz Allen & Hamilton, he founded Pragmaxis, LLC a boutique consulting firm that specializes in helping senior executives define and implement open innovation programs in corporations of all sizes. As Managing Director of Pragmaxis, Balbus has recently narrowed the firm's focus to commercial applications of nanotechnology, including carbon nanotube materials and products, printed electronics and thin film coatings.
About MIT Enterprise Forum
The MIT Enterprise Forum of Chicago offers provocative ideas, management insights and professional networking opportunities to senior business leaders while showcasing MIT's contributions to innovation and entrepreneurship in business communities around the world.
The intent of the Forum is to serve as a focal point for members and event attendees to learn, exchange views and enhance their ability to manage innovation in its many forms.
Established in 1983, the Chicago chapter of MITEF is part of a network of 24 sister chapters established in major business communities worldwide. Membership and participation is open to the general public. No prior association with MIT is required.
For more information, please click here
MIT Enterprise Forum, Inc.
201 Vassar Street
Cambridge, MA 02139
Phone: (617) 253-0015
Fax: (617) 258-0532
Copyright © PRWeb
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
SUNY Polytechnic Institute Invites the Public to Attend its Popular Statewide 'NANOvember' Series of Outreach and Educational Events October 23rd, 2014
First Canada Excellence Research Chair gets $10 million from the federal government for oilsands research at the University of Calgary: Federal government announces prestigious research chair to study improving oil production efficiency October 19th, 2014
Raytheon, UMass Lowell open on-campus research institute: Industry leaderís researchers to collaborate with faculty, students to move key technologies forward through first-of-its-kind partnership October 11th, 2014
SUNY Colleges of Nanoscale Science and Engineering and National Institute for Occupational Safety and Health Announce Expanded Partnership October 2nd, 2014
TARA Biosystems and Harris & Harris Group Form Company to Improve Safety and Efficacy of New Therapies October 22nd, 2014
Arrowhead Issues Open Letter to Shareholders October 9th, 2014
PEN Inc. Announces New Trading Symbol: PENC: Stock Continues Trading on the OTCQB September 3rd, 2014
Aspen Aerogels, Inc. to Present at Barclays CEO Energy-Power Conference August 27th, 2014
Iran to Hold 3rd Int'l Engineering Materials, Metallurgy Conference October 25th, 2014
Haydale Secures Exclusive Development and Supply Agreement with Tantec A/S: New reactors to be built and commissioned by Tantec A/S represent another step forward towards the commercialisation of graphene October 24th, 2014
QuantumWise guides the semiconductor industry towards the atomic scale October 24th, 2014
Strengthening thin-film bonds with ultrafast data collection October 23rd, 2014
Iran-Made Respiratory Nano Masks Provided to Hajj Pilgrims October 23rd, 2014
Japanese gold leaf artists worked on a nano-scale: Study demonstrates X-ray fluorescence spectroscopy is a non-destructive way to date artwork July 3rd, 2014
Harry Potter-style invisibility cloaks: A real possibility next Christmas? Forget socks and shaving foam, the big kids of tomorrow want an invisible cloak for Christmas December 19th, 2013
Chicago Awareness Organization First Not-for-Profit to Sponsor Dog Training to Detect Ovarian Cancer Odorants December 12th, 2013