Chicago, IL (PRWEB) April 22, 2014
Chicago’s leading digital hub for entrepreneurs announced today that it is partnering with ElmSpring, a seed-stage technology accelerator supporting Chicago start-ups in real estate and related industries. The partnership marks another step towards 1871’s goal of providing Chicago’s start-ups across vertical industries with targeted support and curated programming to help drive their business success. ElmSpring becomes 1871’s third accelerator partner, along with TechStars Chicago and Impact Engine.
“ElmSpring is the first of many partnerships we hope to have with leaders in a number of industry-specific verticals,” said 1871 CEO, Howard A Tullman. “We believe that by providing focused support and resources to individual companies based on their industry-specific needs, we avoid a one-size-fits-all type of experience and drive a far more rewarding and effective experience to help them be successful. We are looking forward to working with ElmSpring in supporting more Chicago-based start-ups in the technology for real estate industry.”
The ElmSpring Accelerator takes qualified companies through a fast-tracked, three-month business program culminating in an investor pitch day where start-ups have the opportunity to secure subsequent rounds of funding from both private and institutional capitol. After graduation from the program, alumni companies retain access to professional services and venture capital connections. ElmSpring’s focus on real estate enables start-ups to gain industry-specific perspectives and training throughout the seed-stage process and primes them for future success and growth.
“We are thrilled to join 1871; it is the perfect environment for our start-up participants,” said Tom Bretz, ElmSpring Co-founder, “We look forward to offering the perks of being a part of Chicago’s digital hub to the companies we select for our summer session.” Current 1871 member and Co-founder of Rentalutions, a company providing online software to ease landlords’ renting experience, Ryan Coon adds, “Chicago has one of the largest concentrations of start-ups focusing on real estate in the country. A lot of this has to do with how supportive the community is. ElmSpring is a perfect example of this, I look forward to seeing them around 1871.”
Start-ups interested in participating in ElmSpring’s three-month program at 1871 can apply at http://elmspringchicago.com/application/.
1871 is an entrepreneurial hub for digital start-ups. Located in the famed Merchandise Mart, the 50,000-square-foot facility provides Chicago start-ups with programming, access to mentors, educational resources, potential investors and a community of like-minded entrepreneurs that help them on their path to building successful businesses. 1871 is the flagship project of the CEC.
The ElmSpring Accelerator is a seed-stage technology accelerator that supports start-up companies with a comprehensive network of resources and enterprise development tools. ElmSpring serves companies through a three (3) month business program that offers unparalleled access to curated real estate connections. After successful program completion, companies are invited to participate in an investor “pitch day” where opportunities for the next round of funding begin.