Do applicants have to be located in Chicago?
- No. You can be anywhere in the world and we will at minimum attempt to provide valuable feedback from our growing community of trustees. However, applicants outside of Chicago will not be able to utilize co-working space at OfficePort and will also miss networking opportunities.
Can I submit more than one application?
- You can submit multiple applications if the team members and project are sufficiently different. For example, you could submit a project built entirely by yourself and another you are incubating with two friends. If you have more ideas - don't worry - just wait until the next grant period for ScaleWell.
Can I be a trustee and an applicant simultaneously?
- Unfortunately, you cannot be an applicant and a trustee at the same time. Providing feedback and mentorship for your own company might pose a conflict of interest.
Is this altruistic or do you have ulterior motives?
- ScaleWell is currently an altruistic project intended to provide recognition, motivation, and support for startups at the ground level. Chicago, specifically, lacks an infrastructure to support companies at this level and help educate entrepreneurs about company growth. However, we are not opposed to growing into a profitable enterprise in the future IF we develop a revenue stream that does not dilute the value of ScaleWell.
My business idea is a secret will the applications be made public?
- We will not release the applications to the general public.