Tag Archives: Impact Engine

CHICAGO SPEEDS UP

OLYMPUS DIGITAL CAMERAAdapted from the Journal of the Heartland Angels

By Michael Gardiner

Chicago’s startup scene has grown dramatically in recent years. That includes a rapid increase in local accelerators, incubators, tech parks, and similar programs.

The term accelerator is used somewhat loosely, but the prototypical accelerator involves cohorts of between 10 and 20 startups that spend three to four months in a common physical location. Accelerators are sponsoring organizations that provide startups with a combination of small cash investments, intense mentoring, formal and informal networking opportunities, and organized investor pitch events—all designed to dramatically “accelerate” a startup’s development. Typically, graduating companies immediately seek a significant angel investment or venture “A” round funding. Continue reading

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Filed under Entrepreneur, Entrepreneurship, High Tech, Low Tech, Startup Companies, Startups

VAST PILES OF MONEY

Chicago Social Enterprise Eyes a Trillion Dollar Market

Piggy BankImpact Engine Part 9 – by Jeff Segal, Message Therapist –

“Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor.”— James Baldwin Continue reading

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Filed under Entrepreneur, High Tech, Low Tech, Poverty, The Economy

WHAT’S CLEAN

Impact Engine – Part 6

John Jonelis

~ VERBATIM from a special correspondent ~

PortaPure WaterChildLoop Lonagan here. I’m at a place where my natural greed ‘n’ avarice can do some good fer dis poor worn-out world. This is the Chicago CleanTech Competition—what you might call a race between high-tech global janitorial services. Ten distinguished judges will pick the best o’ da best—companies that’re really doin’ somethin’ to deal with the mess we’re makin’ outa our little corner o’ God’s creation. What we got here is da last ten finalists in our great city and tonight that gets cut down to five. Continue reading

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THE TWO WHEELS OF CHANGE

Impact Engine – Part 2

John Jonelis

Verbatim transcript from a special correspondent

Impact EngineLoop Lonagan here at IMPACT ENGINE Investor Day. This is the new Chicago incubator fer companies that do well by doin’ good—and doin’ it profitably! Think of it—we’re gathered here to get richer by makin’ all them other poor slobs around the world prosper! This I like!

The keynote speaker is FK Day. (He calls hisself FK fer short.) And he tells us a story that knocks us outa our seats. This is a real unusual chain of events that speaks about the virtues of capitalism doing alotta good by helping folks raise their own well-being. Continue reading

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Filed under Characters, Entrepreneur, The Economy