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 68 early stage startups and look forward to working with 5-7 of nascent entrepreneurs starting in June 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 FOR SUMMER 2017
Madworks will offer a program starting on a Monday early June and will have two sessions a week on Mondays and Tuesdays through mid-August. Tuesday's 30 minute individual sessions will be from 2:00 PM to 5:00 PM and Mondays' sessions will typically be from 4:00 PM to 6:00 PM (some Mondays will be meeting for just an hour).
-Founding team MUST participate in first day of the program, which is TBD (early June).
-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 Mondays (sometimes may need to meet just an hour within a 2:00 PM - 5:00 PM time frame).
-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
-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
-Part-time program; participating teams are expected to spend 20 hours per week