07 Jul Greater Madison Chamber of Commerce: Accepting applications for seventh annual Pressure Chamber competition
The Greater Madison Chamber of Commerce announced today it is accepting applications for this year’s Pressure Chamber startup initiative, which returns Aug. 13 during Forward Festival, an eight-day celebration of entrepreneurship and innovation in Madison. The popular program – which this year will be broadcast virtually to comply with physical distancing best practices and government guidelines – includes participation and support from active regional investment firms, as well as the Wisconsin Alumni Research Foundation and Wisconsin Economic Development Corporation.
Applicants for Pressure Chamber go through a screening process that may include presentations with prominent Wisconsin investors. From there, a select number of companies will be chosen to pitch to a panel of out-of-state investors, business executives and a virtual audience during Forward Fest. In addition to receiving the coveted “golden suitcase,” the winning company will also get a reserved spot in the Chamber’s exclusive Greater Madison startup meetings with top Silicon Valley investment firms this October.
Pressure Chamber is open to any industry, as long as the company meets the following requirements:
- Must be a member of the Greater Madison Chamber of Commerce (startup memberships available) or support local entrepreneurial partner organizations
- Must be located in Dane County or plan to locate to Dane County by Aug. 13, 2020
- Must have raised at least $25,000, excluding personal investment by company founders
- Application must be received by 8 a.m. on Monday, July 20, 2020