Celebrating Innovation in the Chicago Region
Chicago, IL (August 1, 2025) – OpenMarkets, the platform powering smarter capital planning and procurement for healthcare, will join fellow winners of the Chicago Innovation Awards — the region’s foremost annual celebration of innovation — in New York City on Friday, August 1st to ring the Closing Bell of the Nasdaq Stock Market. The event will emphasize the surge of innovation taking place in the Chicago region and shine a spotlight on the organizations fueling its vibrant economy.
“Chicago Innovation Award winners cut across all industries and represent the best in new product and service development from large companies, startups and non-profits,” said Luke Tanen, President and CEO of Chicago Innovation. “Their winning innovations are solving a range of unmet needs in the marketplace, and we’re proud to celebrate their successes on a global stage by ringing the Nasdaq Bell.”
Joining OpenMarkets will be other winners of the 2024 Chicago Innovation Awards. The full list of 2024 winners includes Abbott, Ascent Integrated Tech, the Center for Advancing Safety of Machine Intelligence, Chicago Chefs Cook, Cook County Manufacturing Reinvented, DeVry University, Dimension Inx, Disability Lead, Feeding America, First Women’s Bank, HDVI, LanzaJet, Medline, OpenMarkets, Rapunzl, REACH Pathways, Rush University System for Health, Springrose, The African American Heritage Water Trail, True Star Media, United Way of Metro Chicago, and Valent BioSciences.
“This moment represents more than just an award — it’s validation of the mission that drives us,” said Trevor Wood, CEO of OpenMarkets. “We’ve built OpenMarkets to solve the hardest problems in healthcare equipment purchasing, and the success of our Equipment Formulary proves that impact. I’m proud of our team, energized by our momentum, and deeply committed to delivering even more value to the customers we serve.”
OpenMarkets’ award-winning innovation — the Equipment Formulary — helps hospitals and health systems standardize, source, and manage capital equipment in a smarter, more collaborative way. The platform drives significant cost savings, simplifies procurement, and brings greater transparency to the capital planning process.
About OpenMarkets
OpenMarkets is the leading platform for healthcare capital budgeting, planning, and procurement. Through its marketplace and technology solutions, OpenMarkets connects health systems with the suppliers they trust — driving collaboration, transparency, and smarter capital spending. Learn more at www.openmarketshealth.com.
About Chicago Innovation and the Chicago Innovation Awards
Chicago Innovation, established in 2002, has grown from a single awards ceremony to a year-round series of events and programs to educate, connect and celebrate all innovators in the Chicago region. Chicago Innovation’s vision is to ensure that innovation is for everyone. The Chicago Innovation Awards celebrate the most innovative new products, services, and organizations in the Chicago region, cutting across all industries, large corporations and startups, for-profits and non-profits, high tech, low tech and no tech. For more information, visit www.chicagoinnovation.com.
