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1871 is a nonprofit digital startup incubator in the Merchandise Mart, Chicago, Illinois. [1] It was founded in 2012 by J. B. Pritzker and is the flagship project of The Chicagoland Entrepreneurial Center (CEC), a nonprofit organization that helps entrepreneurs build high-growth, sustainable businesses that serve as platforms for economic development and civic leadership.
Hyde Park Angels works with the Chicago startup incubator 1871 to host events and educational series to help the entrepreneurial community in Chicago and the MidWest. [7] [8] They also contribute to the local tech community through various other events, including TechWeek.
mHUB's Product Impact Fund I is a $15M venture fund that will invest in 60 early-stage physical product and hardtech ventures with deployment from 2020 To 2023. [8] The Fund supports cohorts of the mHUB accelerator program and will make seed-stage investments of $75,000 cash and $56,750 in product development, resources and programming for 5% equity with pro rata rights.
The University of Chicago signed a partnership agreement with CIC, a Massachusetts-based operator of shared workspaces and labs, to incubate dozens of faculty-led startup companies within the ...
Some of Chicago’s youngest entrepreneurs hit a brand-new milestone Wednesday with the release of Forbes’ first-ever Chicago-specific 30 Under 30 list. Forbes’ 30 Under 30 lists typically ...
Startups and small businesses seeking funding can do so on a rolling, year-round basis with the 500 Global Flagship Accelerator program. Since 2010, this program has offered businesses the ...
In 1989, the University of Chicago and Argonne National Laboratory provided around $9 million in capital for ARCH Development Corporation's first fund, ARCH Venture Fund Limited Partnership. [ 3 ] [ 7 ] [ 8 ] [ 9 ] It was believed to be first venture capital fund to be established between a major U.S. laboratory and university and the first to ...
Sandbox was founded in Chicago in 2003 by Bob Shapiro and Nick Rosa. [2] At its outset, Sandbox ran a startup Foundry that employed entrepreneurs and tasked them with researching and testing the viability of a startup concept. These companies were provided with seed funding, mentorship, and office space in exchange for equity. [3]