IIT Institute of Design Revenue and Competitors

Chicago, IL USA

Location

N/A

Total Funding

Design

Industry

Estimated Revenue & Valuation

  • IIT Institute of Design's estimated annual revenue is currently $54M per year.(i)
  • IIT Institute of Design's estimated revenue per employee is $267,300

Employee Data

  • IIT Institute of Design has 202 Employees.(i)
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$3.4M20-13%N/AN/A
#2
$7M363%N/AN/A
#3
$2.8M19-24%N/AN/A
#4
$44.4M166-20%N/AN/A
#5
$7M366%N/AN/A
#6
$6.2M3210%N/AN/A
#7
$2.3M16-48%N/AN/A
#8
$29.6M12214%N/AN/A
#9
$8M4111%N/AN/A
#10
$6.8M359%N/AN/A
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IIT Institute of Design (ID) has a history of innovation. It pioneered the development and dissemination of modern design right from its founding in 1937 as the New Bauhaus. In the 1960s, ID became a center of the first Design Methods movement, developing tools for structured planning—among the first applications of computers to design. In the early 1990s, ID helped pioneer the human-centered approach to design that has become a standard of design practice—applying ethnography and other social-science-research methods to the design process. In the early 2000s, ID helped launch the Design Thinking movement, linking design more closely to business innovation.\r\n\r\nToday, ID focuses on Global Challenges—preparing designers to take on the world’s complex, fast-changing, and unpredictable problems—such as competitiveness, digital media and learning, social innovation, health and wellbeing, and more.\r\n\r\nThe world’s need for innovation is intense. Yet, the traditional approach of management science focuses on measuring current operations (which is great for improving the efficiency of what you’re already doing, but almost by definition does not lead to disruptive innovation). On the other hand, the traditional approach of art-school design programs focuses on individual creativity (which is hit-or-miss and ill-equipped to address the daunting challenges the world faces). What’s needed is a third way—rigor and creativity—a methods-based, human-centered approach to Global Challenges. That’s what IIT Institute of Design offers.\r\n\r\nID is a professional school, like business school, law school, or medical school, focused on graduate students. (We do not offer courses for undergraduates.) As a professional school, an important part of our work is research. In 1987, ID introduced the first PhD program in design in the United States. All our full-time faculty conduct sponsored research and consistently publish papers, journal articles, and books. ID also off...

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Total Funding

202

Number of Employees

$54M

Revenue (est)

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Employee Growth %

N/A

Valuation

N/A

Accelerator

IIT Institute of Design's People

NameTitleEmail/Phone
1
Business ManagerReveal Email/Phone
2
Clinical Professor DesignReveal Email/Phone
3
Product DesignerReveal Email/Phone
4
Director, Action LabsReveal Email/Phone
5
Professor and Charles Owen Endowed Chair in DesignReveal Email/Phone
6
Adjunct ProfessorReveal Email/Phone
7
Director Student SuccessReveal Email/Phone

IIT Institute of Design News

2022-04-20 - Researchers At IIT Jodhpur Develop New AI Algorithm to Help ...

... Institute of Technology (IIT) Jodhpur has found that eye images acquired by low-cost near-infrared (NIR) cameras can aid in low design...

2022-04-19 - Centre To Handhold Startups In Chip Design To boost Output

The Indian Institute of Technology (IIT) Madras and the Centre for Development of Advanced Computing (CDAC) have developed two...

2022-04-17 - Innovative Chicagoland Buildings Striving for Sustainability

... in Energy and Environmental Design, a green building rating system. ... IIT's Kaplan Institute (pictured above), designed by IIT...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$46.7M2023%N/A
#2
$32.2M20212%N/A
#3
$64.4M2028%N/A
#4
$73.3M2026%N/A
#5
$33.3M2024%N/A