Madworks Accelerator accepting applications for Spring 2017 program

Madworks Accelerator accepting applications for Spring 2017 program


chef_unsplashSince 2014, Madworks has offered early-stage startups a 10-week program, comprising tailored mentorship on commercializing the entrepreneur’s product and/or service and building governance acumen. To date, we have helped 59 early stage startups and look forward to working with 5-7 food and beverage related companies starting in February 2017. In addition to receiving a small grant and connecting them to entrepreneurial leaders in the food and beverage community, we ensure that these teams obtain a foundation in legal compliance, quality board management skills, and financial acumen.

Terms & Schedule – Spring 2017

Madworks will offer a program starting on a Tuesday mid-February and will have two sessions a week on Tuesdays and Wednesdays through mid-April.  Tuesday’s 30 minute individual sessions will be from 2:00 PM to 5:00 PM and Wednesday’s community sessions will be from 4:00 PM to 6:00 PM.

-Founding team MUST participate in first day of the program, which is TBD (mid-February).
-Founding teams to meet in Madison their designated time (TBD) from 2:00 PM to 5:00 PM on Tuesdays.
-Founding teams to meet in Madison from 4:00 PM to 6:00 PM on Wednesdays.
-Participating teams to meet on the second floor at 1403 University Avenue in Madison, WI.
-Individual company weekly milestones set on mutual agreement between founding teams and -Madworks staff in weekly 1/2 hour meetings, which will be held at a mutually agreed upon time
-Ten-week commitment
-Up to $5,000 in grant and expense funding per participating team
-Using lean startup methods, participating teams will accelerate their understanding of marketplace needs and viability for their product
-Refine your pitch
-Identify next-round funding where appropriate
-Find additional mentors/advisors/resources
-Part-time program; participating teams are expected to spend 20 hours per week