February 9, 2010
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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