Since 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 91 early stage startups and look forward to working with 5-6 of nascent entrepreneurs starting in February 2020. In addition to receiving a small grant and connecting them to entrepreneurial leaders in the community, we ensure that these teams obtain a foundation in legal compliance, quality board management skills, and financial acumen.
SCHEDULE FOR SPRING 2020
Madworks will offer a program starting in mid February that will run 10 weeks to early April. We will meet twice a week; once as a group, where we will discuss biggest challenges, hold pitch practices, and other group activities, and once individually, where we will spend 30 minutes discussing your exact needs and challenges.
-Participate in all group and individual meetings. (LOOK AT THE CALENDAR!)
-Participating teams to meet on the second floor at StartingBlock Madison..
-Individual company weekly milestones set on mutual agreement between founding teams and Madworks staff in weekly half-hour meetings, which will be held at a mutually agreed upon time
-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/advisers/resources
-Develop good governance procedures
-Develop financial statements and financial control procedures
-Part-time program; participating teams are expected to spend 20 hours per week