ScaleWell Kicks off Micro Startup Grant Program

February 9, 2010

12:07 am

A new Chicago-based micro startup grant program has launched called ScaleWell to help provide entrepreneurs with that funding. ScaleWell will provide one team or an individual entrepreneur with a $1000 grant and co-working space on a quarterly basis. ScaleWell wants entrepreneurs to explore important questions:

How many customers can be acquired for $1000 or how far will a small sum move a company toward profitability?

So they will help enable a team or individual to do it. This small amount of capital ScaleWell injects into a startup takes the company to its next milestone or iteration on its business plan calling Iterative Capital, just enough money, motivation, and support to successfully iterate in a startup.

ScaleWell will be hosting a kick off event in Chicago this week. So if you are interested or curious about the program you might want to attend. The event details are as follows:

When: Wednesday, February 10, 2009, 7 – 9 p.m. CST
Where: OfficePort Chicago
9 W. Washington, 4th Floor
Chicago, IL 60602

You can find more details about ScaleWell here.

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Frank Gruber is the cofounder, CEO and Executive Editor of Tech.Co (formerly Tech Cocktail). He is the author of the book, Startup Mixology, Tech Cocktail’s Guide to Building, Growing, and Celebrating Startup Success. He is also a startup advisor and investor to startups. Find Frank Gruber online and follow him on Twitter at @FrankGruber.

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