Mayor Rahm Emanuel, ThinkChicago and 1871 launched the Chicago College Startup Competition (CCSC), a new effort to attract the leading collegiate business startups from around the country to Chicago.
As part of the CCSC, 1871 will provide up to ten full-time desks at their 50,000 square-foot networking and business incubation space in The Merchandise Mart. The spaces will be designated for entrepreneurs who started their businesses while in college and wish to continue after graduation by moving to Chicago. The winners of the competition will receive a full free year of desk space, mentorship services, and all of the amenities that are made available to startups at the 1871 facility.
“This is exactly what ThinkChicago is about,” said Mayor Emanuel in a statement. “The City of Chicago remains focused on attracting the best and brightest tech entrepreneurs to Chicago. This opportunity will help future college graduates succeed while integrating their businesses directly with Chicago’s thriving tech community.”
ThinkChicago and 1871 will work with some of the leading entrepreneurial business plan competitions at colleges across the country to identify outstanding businesses that may be selected as the winning businesses. Businesses can also directly apply to 1871 and ThinkChicago to be considered for the program.
“1871 is all about attracting the best new businesses and helping them succeed,” said Howard A. Tullman, CEO of 1871. “Collegiate businesses are in a unique position to be successful, and we believe that the resources that are available at 1871 will greatly help these young startups on their path. I’m excited about the potential for integration with the ongoing efforts of the city as part of this effort.”
Interested applicants should visit www.1871.com/CCSC or contact college@1871.com for more information. Competition winners will be publicly announced at ThinkChicago: Lollapalooza during the first week in August.