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 over 100 early stage startups and look forward to working with 5 up-and-coming entrepreneurs starting in October 2021. In addition to receiving a $5,000 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 FALL 2021
Madworks will offer a program starting in mid-October that will run 10 weeks to early mid-December. 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. Most meetings will be held in person at StartingBlock, 821 E Washington Ave, Madison WI. Selected mentor sessions and office hours will be held via Zoom. (These virtual meetings are indicated on the calendar.)
-Participate in all group and individual meetings. (LOOK AT THE CALENDAR!)
-Participating teams to meet 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 scheduled time
-$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 on their venture
COVID MESSAGE: At this time we are planning for an in-person Fall 2021 Madworks Program. We will follow all Public Health Madison & Dane County regulations and StartingBlock regulations.