Recently, some Chicago entrepreneurs decided to come up with a cool little thing called ScaleWell. It awards a small seed grant ( currently $1000 ) to one lucky company, some office space at OfficePort Chicago as well as access to a collection of mentors. These mentors are trustees that donate cash and their time and help out in judging the winners. As you can guess, I’m one of the trustees. I feel honored to be involved. We’re hoping to build a bigger startup community here in Chicago. I think this is a good first step to provide some altruistic help for new bootstrappers and entrepreneurs.

Last week we held our first grant party at OfficePort. We had some local media there. Check out Crains for some info as well as a small interview with Sean & Andy, two of the founders.

Make sure to keep tabs on us to be notified when the next round of applications are going to be accepted.