Grow your start-up with Illinois' best accelerators & incubators

An accelerator located in Chicago, Illinois, focuses on empowering early-stage companies that leverage disruptive technologies, particularly in Artificial Intelligence (AI), Deeptech, Cleantech, Quantum Information Science, Advanced Manufacturing, Biotechnology, and 5G/Advanced Wireless Technology. The program runs for 90 days, offering intensive mentorship and access to a global network of investors and entrepreneurs. The application timeline for the 2024 program opens on May 22nd and concludes on September 9th, leading to the start on December 5th. Participants receive a standard deal of $120K for 6% equity, with resources available for life. Tricia Martinez serves as the Managing Director, supported by partner mentors including Tara Reed and Amanda Lannert. The organization emphasizes equitable access to funding for entrepreneurs from diverse backgrounds, including Black, Hispanic, Indigenous American, and Pacific Islander communities. By fostering collaboration within Chicago's tech ecosystem, it aims to tackle global challenges through innovation and provide startups with a pathway to scale their businesses effectively.

Techstars Chicago Powered by J.P. Morgan's Website

A prominent venture capital fund, dedicated to fostering innovation within the real estate industry and its adjacent sectors, is backed by the National Association of REALTORS (NAR) and runs the REACH accelerator program. This initiative aims to launch and accelerate technology startups focused on real estate, based in Chicago, IL, and operates through an intensive event-based structure that connects participants with a robust network of over 1,000 real estate executives and industry leaders across 85 countries. The organization manages a portfolio comprising over 200 technology companies that span various domains, including real estate, financial services, and home services. The REACH program emphasizes mentorship, offering 1:1 guidance from industry experts and investors to shape emerging technologies. Key personnel leading the institution include founders Bob Goldberg and Dale Stinton. This initiative plays a crucial role in the real estate sector by bridging startups with established industry networks and providing essential resources for growth and innovation.

Second Century Ventures's Website

Techstars Chicago is a global platform that provides investment and innovation, with a focus on audacious founders pioneering disruptive emerging technologies, particularly in Artificial Intelligence (AI) and Deeptech. The accelerator, known as Techstars Chicago Powered by J.P. Morgan, offers a 3-month program starting on December 5th, 2024. Led by Managing Director Tricia Martinez and Program Manager Anthony Alepra, the institution aims to solve global problems through AI innovation. Notable mentors include Tara Reed, Amanda Lannert, Victoria Bills, Sergio Suarez, and Veronica Aguilar. Positioned in the Midwest startup ecosystem, the program provides access to capital, connections, and mentorship. Founded by Brad Feld, Chisa Egbelu, Daniel Mason, David Brown, David Cohen, and Jared Polis, Techstars Chicago specializes in AI and Fintech industries. Participants benefit from perks such as funding, lifelong access to the network, and mentorship from a wide range of experienced professionals.

Techstars Chicago's Website

This sophisticated growth accelerator cultivates innovation ecosystems by connecting mature corporations with ambitious startups. Founded by industry veterans Fred Hoch and Terry Howerton, it provides capital investment, incubation, and collaboration, enabling the creation of new business models, revenue streams, and market expansion. The organization emphasizes partnerships, granting entrepreneurs access to leading corporations which unlocks business growth through new sales channels, product co-development, and valuable industry insights. Support is extended across a diverse range of industries including clean energy, healthcare technology, and gaming, among others. While the exact number of startups in the portfolio is not specified, it actively engages with early-stage companies, fostering their development through mentorship and strategic guidance in areas such as pricing, fundraising, and market research. Additionally, participants benefit from insights and access to a global network of mentors, fellow founders, customers, and investors, enhancing their growth potential. Through its commitment to collaboration and innovation, this institution significantly impacts the startup ecosystem, propelling ambitious ventures toward success.

TechNexus Venture Collaborative's Website

This premier program is dedicated to accelerating sustainability and climate tech startups. It invests $100,000 in five cutting-edge startups per cohort, running twice a year, totaling $500,000 in investments annually. Over a 12-week period, selected startups receive invaluable coaching, mentorship, and connections to experts to help refine their business models and strategies. The initiative invites startups focused on solving, mitigating, or adapting to the pressing climate and environmental crises and emphasizes engaging founders from diverse communities impacted by climate change. The organization supports various industries, including Clean Energy, Environmental Tech, Fintech, and Renewable Energy, aimed at fostering innovative solutions such as renewable energy systems and waste management strategies. Key figures behind the initiative include Dan Armbrust, Joe Kirgues, Jon Eckhardt, and Troy Vosseller. Operating on a standard deal structure, it offers $100,000 for 7% equity on a SAFE. By cultivating a community of passionate founders, the program is committed to creating a future responsive to environmental challenges.

gener8tor Sustainability Accelerator's Website

IrishAngels is a prominent angel investing network affiliated with the University of Notre Dame, dedicated to investing in pre-seed and seed stage startups across various sectors, including B2B, consumer, and medical companies. Key figures such as Gale Wilkinson and Jordan Curnes play integral roles in its leadership. The organization focuses on a collaborative and founder-friendly approach, providing valuable support to entrepreneurs through regular check-ins and leveraging an extensive network for added value. With millions of dollars deployed in capital, it actively invests in innovative early-stage companies in industries such as eCommerce, fintech, healthcare technology, and SaaS. The strategic involvement ranges from comprehensive due diligence to ongoing support after the investment, ensuring the growth and success of portfolio companies. This commitment positions the institution as a significant driver of innovation and entrepreneurship within the startup ecosystem.

IrishAngels's Website

Healthbox, a HIMSS Solution, is a pioneering healthcare accelerator founded in 2010, dedicated to fostering innovation and digital transformation within the healthcare sector. As one of the world's first health-focused accelerators, it partners with providers, payers, market suppliers, and startups to drive entrepreneurial growth and technology adoption in the industry. Operating for over a decade, the organization specializes in health-tech innovations and provides invaluable resources for early-stage startups. Its unique program includes Healthbox Studios, which assists startups in navigating the complexities of healthcare, with locations in key cities including Chicago, Boston, Los Angeles, Orlando, Salt Lake City, and Tel Aviv. Furthermore, it has developed Idealy, an innovative software solution for gathering insights to enhance decision-making processes. Founded by Nina Nashif, the institution exemplifies a commitment to transforming the health ecosystem and supporting a diverse array of startups. In January 2022, it was acquired by Biolife Sciences Corp, underlining its impact and significance in the healthcare innovation landscape.

Healthbox's Website

Illinois Ventures is a venture capital investment firm dedicated to life science and technology innovation, primarily focusing on research-derived companies in information technologies. Established in 2015, the iVenture Accelerator operates as an educational accelerator for student startups affiliated with the University of Illinois, offering essential support through funding, mentorship, and access to a vast network of resources. Each participating venture receives $10,000 in funding, alongside a $2,500 stipend for up to four full-time team members without any equity taken. This support has enabled teams to create over 550 jobs, with alumni achieving prestigious recognitions such as being named in Forbes 30-Under-30 and receiving Thiel Fellowships. Notable startups have successfully progressed to prominent accelerators like Y-Combinator and TechStars. The program emphasizes both non-profit and for-profit ventures, providing comprehensive assistance from ideation through to scaling. With approximately $300,000 worth of resources available, including AWS credits, it nurtures a collaborative environment that encourages innovation and social impact in domains such as Edtech, Fintech, and Healthcare Tech.

Illinois Ventures's Website

The accelerator is a leading community-driven initiative in the crypto space that focuses on supporting Web3 startups. It provides essential resources such as mentorship, funding, and access to a robust network of crypto founders and experts. The program features an immediate funding amount of $350,000 upon admission and connects startups with over 50 investor connections from top-tier crypto venture capitalists and angel investors during its duration. The structure includes a 4-week in-person onboarding phase in New York City, followed by an 8-week fully remote program for global participants. It supports various crypto startups, specializing in subsectors like NFTs, cybersecurity, and fintech. The program offers daily 1:1 mentorship, weekly off-the-record lectures from notable figures such as Anatoly Yakovenko (Solana) and Devin Finzer (OpenSea), and culminates in a Demo Day where startups present to leading VCs and experts. Founded by notable figures including Imran Khan, Jacob Franek, and Qiao Wang, this organization stands out as an influential platform for crypto entrepreneurs seeking growth and connection in the dynamic blockchain ecosystem.

Alliance DAO's Website

This prominent technology company is headquartered in Chicago and specializes in digital transformation across various industries, particularly healthcare. They offer a range of accelerator programs designed to help organizations bridge the gap between strategic planning and execution. One of their key offerings is the Digital Product Accelerator, a six-week program focused on refining and validating solutions through expert consultations and methodologies such as design thinking and agile development. Another significant program is the Digital Venture Accelerator, which aims to launch and scale innovative products and services quickly, enhancing market reach. The organization provides specialized accelerators as well. The Omnichannel Engagement Accelerator helps unify digital interactions, while the Modern Data Platform and Analytics Accelerator offers actionable steps for improving data foundations. Additionally, the Cloud Migration and App Modernization Accelerator focuses on driving cloud journeys, and the Intelligent Automation Accelerator identifies automation opportunities to streamline processes. Each program is time-bound, ensuring a focused approach. Founded by Joel Livet, this institution serves industries such as General Tech, Mobile Apps, and SaaS, providing participants with access to expert guidance and industry insights, ultimately driving successful digital initiatives.

Productive Edge's Website

The Farley Center for Entrepreneurship & Innovation, based at Northwestern University in Evanston, IL, leads the way in nurturing innovation and entrepreneurial thinking among students. Their mission is to teach students how to think like innovators and use creative problem-solving skills to bring their ideas to life. The center offers a comprehensive curriculum accessible to all students, covering various entrepreneurship aspects such as leadership, accounting, and marketing. Their NUvention courses provide hands-on experience in working on startup ideas. Embracing a cross-disciplinary approach, the center brings together students from diverse backgrounds, relevant to career paths beyond traditional business sectors like medicine, law, and music. A standout course, NUvention: Media, focuses on utilizing artificial intelligence (AI) in the media industry. Students receive support throughout their entrepreneurial journey with access to mentors, collaborative spaces, and networking opportunities. Founded by Craig Wortmann and John Evans, the center's innovative mindset and resources benefit students pursuing any career path.

Northwestern University - Farley Center for Entrepreneurship & Innovation's Website

The Garage at Northwestern University is an interdisciplinary entrepreneurship and innovation space designed exclusively for students. Located in Evanston, IL, it serves as a dynamic hub where student entrepreneurs acquire the knowledge, grit, and networking opportunities necessary to bring their innovative ideas to fruition. Since its inception, it has supported over 1,500 startups created by Northwestern students, facilitated by a robust network of more than 500 mentors and experts who provide guidance and support. The institution attracts over 1,000 visitors each month, fostering a sense of community and collaboration among students. Key programs include the 10-week Jumpstart Pre-Accelerator, which offers a $10,000 grant alongside mentorship and programming to help startups accelerate their growth. Additionally, a Residency program extends further resources for dedicated entrepreneurs. The organization supports a diverse range of industries, including Edtech and Social Media. Founders Craig Wortmann and John Evans have been instrumental in building this vibrant ecosystem, empowering student entrepreneurs and nurturing innovation across various domains.

Garage Incubator's Website

The center for Entrepreneurship and Innovation at the University of Chicago serves as a leading hub for early-stage ventures, offering specialized accelerator programs designed to propel startups towards success. The BUILD Accelerator enables student teams to validate market assumptions and develop their ventures over the summer, while the LAUNCH Accelerator emphasizes fundraising and maintaining momentum during the same season. Both accelerators require applications by early April and provide selected teams with funding, mentorship from alumni, and access to Chicago-area investors. Additionally, the institution hosts advanced programs like the Compass accelerator, which focuses on deep tech innovations, and Transform, a 16-week program dedicated to data science and AI ventures, developed in partnership with the Data Science Institute. These initiatives are tailored to foster innovation in various domains and support entrepreneurs as they navigate the challenges of launching successful businesses. The organization also has a historical connection to notable figures in business, being associated with founders like John Rockefeller, and focuses on industries such as Artificial Intelligence and Edtech.

Polsky Center's Website

The Financial Solutions Lab Accelerator is a leading program established to foster innovative solutions that enhance the financial health of low- to moderate-income (LMI) individuals and historically underserved communities. Launched in 2015, it focuses on developing and scaling fintech solutions specifically designed for Black and Latinx populations and other vulnerable groups. Over a duration of 20 weeks, accepted organizations receive capital, mentorship, and professional assistance from industry leaders, as well as access to a robust network within the financial services sector. Each year, the program tackles pressing challenges; for instance, the 2022 Accelerator Challenge centered on improving financial benefits for LMI individuals and streamlining access to essential tools. Under the leadership of founder Jennifer Tescher, the institution has cultivated a diverse portfolio of companies that are committed to driving positive change in financial health for millions of Americans. The program's significant impact lies in its dedication to empowering entrepreneurs and advancing financial well-being in underserved communities.

Financial Solutions Lab's Website

Launched in Summer 2015, this premier capstone entrepreneurship program at the University of Illinois Urbana-Champaign is designed to support ambitious student-led startups. Annually, it hosts top student teams for a summer, providing essential resources, mentorship, and funding to aid in developing scalable ventures. Each participating startup receives $10,000 in funding, as well as a $2,500 stipend for each of the four full-time team members, all while retaining full ownership of their work, as no equity is taken. Over nine cohorts, the accelerator has fostered a diverse range of ventures, including for-profit and non-profit initiatives that seek to impact the world positively. Participants benefit from nearly $300,000 worth of resources and valuable mentorship from accomplished alumni. With a robust alumni community of over 200 members, the program cultivates a supportive network for lifelong connections. Notable alumni have achieved recognition through Forbes 30-Under-30 and Thiel Fellowships, while some startups have advanced to prestigious accelerators like Y-Combinator and TechStars. This 10-week program is instrumental in creating economic and social value, equipping passionate student entrepreneurs with the tools to succeed.

iVenture Accelerator's Website

As the largest independent innovation center for hardtech in the United States, this organization focuses on physical product development. It offers the Climate & Energy Tech Accelerator, a comprehensive 26-week program aimed at fast-tracking startups in the energy, climate, and clean tech sectors. Each selected startup receives an initial investment of $105,000 in cash and $70,000 in services, programming, and hardware, in exchange for 6.5% equity. The accelerator has already supported 46 high-growth hardtech startups, emphasizing products related to renewable energy, sustainability, and environmental impact. Key program components include guidance on prototyping, business viability, and access to mentors, industry leaders, and investors. Furthermore, the Product Impact Fund allows for hands-on venture investment during incubation, with about 30% of its capital reserved for follow-on investments in select portfolio companies. Founders Bill Fienup and Haven Allen lead this initiative, helping startups develop their hardtech innovations and establish a foundation for scalable, profitable businesses. Relocation to Chicago is required for the duration of the program, providing participants with access to invaluable resources and networking opportunities.

mHUB (Chicago)'s Website

Created by Second Century Ventures and backed by the National Association of REALTORS (NAR), this premier technology accelerator focuses on the real estate sector. Operating out of Chicago, IL, the program is designed for technology companies that provide innovative solutions in various areas such as property management, home buying and selling, mortgage, and construction. It boasts a robust network with over 1,000 direct connections to industry executives and 100 bilateral partnerships across 85 countries. The accelerator emphasizes an intensive, event-based format lasting 30 weeks, during which start-ups engage in 1:1 mentorship with seasoned industry experts, investors, corporate sponsors, and affiliates. Leadership includes notable figures such as Bob Goldberg, Constance Freedman, Dale Stinton, and Suzanne Raffa. This powerful platform has successfully connected many start-ups with vital resources, enabling them to accelerate their growth within a dynamic global community, thus making a significant impact on real estate technology innovation.

REach Accelerator's Website

Higher Ground Labs is a venture fund and accelerator program dedicated to advancing technology for political progress. It focuses on building an ecosystem for progressive political technology, connecting candidates, causes, and funders on the Left with best-in-class tech solutions. Since its inception, the organization has successfully run five cohorts, supporting over 54 companies, including notable startups like Mobilize, BallotReady, and Impactive. The accelerator program offers comprehensive resources, including 400 one-on-one mentorship sessions and 1,300 strategic introductions, and has facilitated startups in raising $85 million post-accelerator. The 2023 accelerator program will commence in July and conclude in October, featuring both virtual programming and in-person intensives. Emphasizing community, this initiative provides access to a network of over 50 startups, investor opportunities, and pitch events. Key figures involved in the program include founders Andrew McLaughlin, Betsy Hoover, and Shomik Dutta. The initiative is further enhanced by an impressive roster of speakers, such as David Axelrod and Lauren Underwood, fostering a vibrant hub for innovation and growth in the realm of political technology and advocacy.

Higher Ground Labs's Website

The Edward L. Kaplan, '71, New Venture Challenge (NVC), run by the Polsky Center for Entrepreneurship and Innovation at the University of Chicago, is a prestigious startup accelerator that has been a cornerstone of entrepreneurial support since its launch in 1996. Recognized as one of the top-ranked accelerator programs in the nation, it has successfully nurtured notable companies such as Grubhub, Braintree/Venmo, and Simple Mills, with alumni collectively raising billions of dollars in funding. In the 2024 edition, 30 Phase II teams advanced, showcasing the program's commitment to fostering innovation across diverse industries including technology, healthcare, consumer goods, and social impact. The organization provides aspiring entrepreneurs with access to intensive workshops, mentorship, and a vibrant network of investors and industry experts. Participants benefit from both online and offline workshops, aimed at refining their business ideas, and have the opportunity to engage with a supportive alumni network. To celebrate its 25th anniversary, the Polsky Center hosts a podcast featuring interviews with successful alumni, further enriching the entrepreneurial community and enhancing the collaborative spirit of this esteemed program.

New Venture Challenge's Website

Duality is the first accelerator program in the US exclusively dedicated to supporting innovative quantum startups. Based in Chicago, known as a leading hub for quantum innovation, the program runs for 12 months, providing a nurturing environment for new startup companies focusing on quantum science and technology. The accelerator stands out for its exclusive quantum focus, offering participants world-class business training from partner institutions and the University of Chicago Booth School of Business, along with mentorship from quantum experts. State-of-the-art facilities are provided to foster growth and development within the program. Duality plays a vital role in advancing quantum technologies by supporting and accelerating promising startups in this cutting-edge sector, ultimately contributing to the evolution of quantum science and technology. The industries served by the accelerator include a wide spectrum, as it is sector-agnostic.

Duality's Website

This prominent accelerator is dedicated to supporting women-led technology startups in North America. The program is a 10-week intensive initiative designed for high-potential Seed to Series A tech startups based in the U.S. and Canada, with a cohort typically consisting of 10-15 startups. Participants tackle specific technical challenges through a combination of remote and in-person mentorship, group learning sessions, and expert guidance from industry leaders and Google teams. The focus lies particularly on startups leveraging technology in fields such as Artificial Intelligence, Fintech, and General Tech, encouraging scalable product development with a strong growth model. Eligibility is geared towards women-led teams with at least 5 employees, aiming to foster diversity and innovation in the tech ecosystem. Tailored mentorship on technical challenges, product design workshops, and valuable industry connections are integral components of the initiative. Founders Kimmy Paluch and Sergio Paluch lead this effort, which has garnered praise from participants like Amanda Julian and Kelsey Hahn of Monark. They highlight the immense value of mentorship and technical support offered throughout the program.

Women's Startup Academy's Website

This innovation hub is dedicated to disrupting and advancing the food industry. At the core of its mission is the Food Foundry, an accelerator program launched in collaboration with Gordon Food Service. This initiative focuses on nurturing companies revolutionizing the foodservice sector, providing support through funding introductions, access to national foodservice resources, and personalized mentorship. Founders in the program benefit from a vibrant community, comprising entrepreneurs, mentors, and industry leaders, primarily based in Chicago, Illinois. The Food Foundry has successfully hosted several cohorts, including its fifth cohort starting in January 2023, helping early-stage innovators collaborate with established industry players. The accelerator is known for its emphasis on food and foodservice innovation across various domains, such as technology, sustainability, and culinary advancements. Additionally, the leadership of Mack Tilling amplifies the organization's ability to connect startups with critical industry expertise and extensive networks, fostering an ecosystem ripe for innovation in agriculture technology, fintech, logistics, and renewable energy.

Relish Works's Website

This national not-for-profit organization empowers military veterans as leaders in innovation. Founded by a group of veteran entrepreneurs, it provides a supportive ecosystem specifically designed for veterans and military spouse entrepreneurs to start and grow their businesses. Their programs focus on educational workshops, mentorship, networking opportunities, and organized events, fostering peer-learning among veteran entrepreneurs across 12 U.S. cities. The institution connects participants with experienced mentors and a thriving local network of like-minded individuals, facilitating the sharing of resources and insights necessary for success. It supports a wide range of industries, including General Tech and SaaS. Key founders include Blake Hogan, Dan Berry, Johnathan Wojtewicz, Joseph Kopser, Mike Maher, Nate Carden, Sean McIntosh, and Todd Connor. This strong leadership underscores the organization's commitment to helping veterans navigate their entrepreneurial journeys effectively.

Bunker Labs's Website

This prestigious two-year entrepreneurship program is based at Argonne National Laboratory and focuses on clean energy and climate change technologies. As part of the U.S. Department of Energys Lab-Embedded Entrepreneurship Program (LEEP), it serves as one of four nodes, alongside Oak Ridge, Lawrence Berkeley, and the National Renewable Energy Laboratories. Each year, four to six U.S. citizens or lawful permanent residents are selected to join, providing them with a unique opportunity to advance their startup endeavors. Participants receive significant benefits including financial support, access to Argonne's advanced facilities, mentorship from industry experts, and the chance to network with fellow innovators and investors. This incubator specializes in transformative technologies within the clean energy and environmental sectors, particularly focusing on energy efficiency and renewable energy solutions. By facilitating the development of these innovations, it plays a critical role in promoting a sustainable and equitable future. The program is renowned and has established a track record of successful startups emerging from its cohort. Interested applicants for future cohorts should stay attuned for their applications in Fall 2024.

Chain Reaction Innovations's Website

This nonprofit organization is dedicated to empowering youth through entrepreneurship, with a mission to create the largest inclusive community of young entrepreneurs nationwide. To date, it has served over 47,000 individuals, contributing to the creation of 1,980 jobs and generating an impressive $374 million in revenue through ventures associated with its programs. The initiative includes a free Startup Bootcamp for individuals aged 18 to 30, focusing on transforming ideas into viable businesses through workshops, mentorship, and peer support. Additionally, a prestigious year-long Fellowship program accelerates the nation's top young entrepreneurs by emphasizing personal development and company growth. Participants benefit from connections with experienced entrepreneurs, fostering a supportive peer community and engaging with the vibrant startup ecosystem. Founded by Bradley Keywell, Candice Blacknall, and Scott Issen, this institution was launched with funding from the Motorola Solutions Foundation, which continues to support its mission of nurturing the next generation of entrepreneurs. It specializes in areas that include educational technology and general technology, aiming to cultivate essential entrepreneurial skills across diverse industries.

Future Founders's Website

Paragon Biosciences, founded by Jeff Aronin, is a global healthcare company specializing in biotech and healthcare tech. The organization focuses on accelerating biomedical research and solving human challenges by nurturing visionary companies in the life sciences domain. Portfolio companies like Harmony Biosciences, Emalex Biosciences, Evozyne, Castle Creek Biosciences, and CiRC Biosciences receive support to develop novel therapies for various conditions. For instance, Harmony Biosciences offers innovative treatments for sleep-wake disorders, Emalex Biosciences concentrates on central nervous system disorders including Tourette syndrome, Evozyne utilizes generative AI for novel protein systems, while Castle Creek Biosciences pioneers cell and gene therapies for skin diseases. The expertise, industry connections, and financial backing of Paragon Biosciences enhance the success of its portfolio firms. The organization provides resources, mentorship, and networking opportunities, contributing to the growth and development of startups in neurology, rare diseases, and regenerative medicine.

Paragon Biosciences's Website

Matter is a Chicago-based accelerator founded in 2013, focusing on healthcare sectors like biotech and healthcare tech. Collaborating with healthcare innovators, their goal is to improve products and services through technology solutions. Matter integrates sales outsourcing, marketing services, and proprietary technology to drive measurable growth for B2B companies in the healthcare sector. Specializing in digital health, medical devices, and health IT, they aim to facilitate growth at an unprecedented speed, leading to bigger deals. While specific metrics like the number of start-ups associated or funded are undisclosed, Matter actively seeks new investments. The accelerator, co-founded by Andrew Cittadine and David Schonthal, provides market-leading products to enhance precision and performance. By leveraging their expertise and proprietary technology, Matter offers a seamless experience for start-ups looking to make a difference in the healthcare industry.

Matter (Consulting Services (B2B))'s Website

Based in Chicago, MATTER Chicago Healthcare Incubator is a global startup accelerator and community nexus driving healthcare innovation and entrepreneurship in collaboration with industry leaders. Supported by the City of Chicago, the State of Illinois, and local businesses, MATTER serves hundreds of startups globally with diverse programs in healthcare and life sciences, focusing on digital health, medical devices, and biotechnology. Among the notable founders are Andrew Cittadine and David Schonthal. The accelerator facilitates workshops, fireside chats, and events for entrepreneurs, partnering with executives, entrepreneurs, and investors to foster a dynamic community aimed at improving products and services in the healthcare industry. Recent initiatives include the U.S. Market Expansion Program with KOSME and the Health Equity Innovation Challenge in collaboration with the Healthcare Education, Research, and Innovation Foundation. MATTER's innovative approach and commitment to healthcare excellence make it a vital player in advancing health technology and patient care worldwide.

Matter Chicago - Healthcare Incubator's Website

A top-ranked private institution located in Peoria, Illinois, is home to the Turner Center for Entrepreneurship. This center is dedicated to assisting individuals in pursuing business ownership through a variety of impactful programs. One of its flagship offerings, the Brave Launch Business Accelerator, is a seven-week program designed for both startups and existing organizations, emphasizing economic development by fostering innovative business ideas. Participants have the opportunity to pitch their concepts during a demo day attended by public members, corporate partners, mentors, and investors, with winning teams receiving prizes of up to $5,000. The organization also provides business counseling, technical assistance, and educational opportunities for aspiring entrepreneurs and established business owners seeking expansion. It is known to support a range of industries, including Edtech and General Tech. Founded by Lydia Moss Bradley, the center embodies a commitment to providing the resources and personal attention essential for student and entrepreneur success.

Bradley University - Turner Center for Entrepreneurship's Website

The Office of Innovation is dedicated to transforming ideas from inception to impact, focusing on collaboration among innovators, entrepreneurs, and students. Known as one of the premier public universities in the nation, it is committed to addressing significant challenges such as climate change mitigation, ecosystem restoration, and cleaner energy production. The accelerator supports a wide array of innovation fields including food systems, technology commercialization, law, entrepreneurship, and environmental technologies, benefiting from its association with major research facilities like the Fermi National Accelerator Laboratory and Argonne National Laboratory. Offering valuable webinars and hands-on learning experiences for a diverse student body, participants gain critical insights and practical skills essential for becoming future leaders and innovators. The accelerator encourages interdisciplinary research and emphasizes real-world applications in industries such as clean energy, edtech, environmental tech, and renewable energy, thereby fostering a rich environment for entrepreneurial growth and development.

Northern Illinois University - Office of Innovation's Website

The Means Center Accelerator program provides year-round support for student entrepreneurs, catering exclusively to current undergraduate and graduate students with original business models ready for growth. To qualify, applicants must not have received more than $20,000 in outside funding prior to applying. The program offers financial support, with awarded amounts typically capped at $5,000 per student or student entity. Funding is allocated based on a needs assessment and must be utilized within one calendar year, with funds paid directly to vendors or reimbursed against invoices. The application process involves submitting a proposal that outlines business progress, growth plans, and funding utilization. The center supports diverse industries, including Edtech, Entertainment, and Social Media, and fosters a vibrant entrepreneurial community. Additional benefits include exposure through social media and annual entrepreneurship reports, creating opportunities for networking and growth. Noteworthy for its commitment to assisting student-led startups, this program is an integral part of the institution's mission to promote entrepreneurial endeavors among students.

Illinois State University - Means Center for Entrepreneurial Studies's Website

This innovative growth program is designed to support startups reshaping the food and foodservice industry. Established collaboratively by Relish Works, Gordon Food Service, and 1871, the 16-week accelerator focuses on enabling early-stage innovators and established companies to transform the foodservice value chain through technology and creativity. Each participating startup receives an initial investment of $75,000, coupled with extensive 1:1 mentorship and specialized programming. The program fosters a vibrant ecosystem by connecting entrepreneurs with industry experts, investors, and like-minded founders, facilitating workshops and events that enhance networking opportunities. It targets a diversity of sectors including third-party delivery, blockchain, artificial intelligence, augmented reality, robotics, and more. Located in Chicago, Illinois, this accelerator equips entrepreneurs with the resources, education, and support necessary to develop cutting-edge solutions across the food value chain, making it an essential hub for innovation in the food industry.

The Food Foundry Accelerator's Website

Triple Aim Partners, a venture builder based in Evanston, Illinois and founded in 2019 by Andrew Hayek and Cory Roberts, aims to enable great companies to advance the quality, experience, and cost of healthcare. They focus on value-based care, collaborating with outstanding entrepreneurs to build transformative companies in the healthcare sector. Since their inception, Triple Aim Partners has co-founded and launched eight companies addressing various aspects of healthcare delivery and patient experience. Although specific details about investors and funded start-ups are not provided, they work with entrepreneurs and investors to drive meaningful impact in healthcare. The accelerator program's duration varies based on the start-up's needs. Triple Aim Partners offers expertise, mentorship, and resources to support start-ups, emphasizing the Triple Aim of improving patient experience, enhancing population health, and reducing costs. Their disciplined approach ensures a strong cultural foundation for the supported start-ups, contributing to the transformation of healthcare.

Triple Aim Partners's Website

This unique hybrid between an entrepreneurial startup incubator and a private equity firm was founded in 2012 by Russell Potterfield. The organization has developed a successful portfolio of five companies, focusing on sectors such as consumer goods, gaming, and fashion. With facilities in Chicago, Illinois, and Shenzhen, China, they leverage global talent to act as a business accelerator, providing substantial expertise in design, sourcing, and manufacturing. It specializes in accelerating businesses through the startup phase by combining a proven product design approach with a turnkey front-end distribution model, enabling effective penetration into underserved markets. Prior to establishing this institution, Russell Potterfield was the CEO of Battenfeld Technologies, where he achieved notable revenue growth and successful sub-brand launches. The portfolio continues to expand as the firm innovates and capitalizes on new market opportunities, positioning itself as a versatile investor in various domains, including fashion, fintech, and B2B companies.

511 Capital's Website

Now known as Excelerator Titan, this prominent Chicago-based startup accelerator has been empowering entrepreneurs since 2010. The program focuses on fostering connections, providing capital, and building community among startups. Over the years, it has supported more than 1,578 startups and engaged with over 2,450 founders, facilitating funding for more than 570 projects. The accelerator operates year-round, including a dedicated summer program, and covers a wide range of industries, including cybersecurity, general tech, and SaaS (Software as a Service). Emphasizing mentorship and leadership, the organization provides valuable support beyond funding and office space. Its robust alumni network plays a crucial role in aiding emerging startups in Chicago, reinforcing the commitment to collaboration and networking. With a diverse array of startups benefiting from its resources, the institution continues to be a vital player in the Chicago startup ecosystem.

Excelerate Labs's Website

Founded in 2012, this not-for-profit innovation hub is located in Chicago and is dedicated to transforming the entrepreneurial landscape by supporting technology startup founders, leaders, and innovators. Under the leadership of CEO Betsy Ziegler, the organization fosters a vibrant community, comprising over 400 early-stage companies across a broad spectrum of industries, including FinTech, Healthcare Tech, Logistics and Supply Chain, and SaaS (Software as a Service). The institution is designed to uplift its members by connecting them with potential investors and industry experts, thereby enhancing their business prospects. It serves as a collaborative environment where entrepreneurs can access co-working spaces, workshops, and educational events tailored to their growth needs. Notable founders and supporters of the initiative include J.B. Pritzker, James O'Connor, Steven Collens, and Tom Lee. In addition to connections and community support, the hub offers marketing promotion to its startups and provides exclusive perks aimed at facilitating innovation. By combining resources and a shared vision, it plays a pivotal role in driving economic impact through technological advancement and startup success.

1871's Website

This organization serves as a vital support platform for veteran-owned tech startups and aspiring entrepreneurs, operating out of 1871, a premier entrepreneurial hub in Chicago, Illinois. Established in 2014, it focuses exclusively on empowering this unique demographic by providing a peer-learning environment and essential resources to navigate the challenging business landscape. Startups accepted into the program benefit from six months of dedicated support, mentorship, and access to a network of talented professionals and fellow entrepreneurs. Known for its emphasis on the tech and SaaS (Software as a Service) industries, the institution plays a crucial role in nurturing innovation. Key figures in founding the organization include Blake Hogan, Dan Berry, Johnathan Wojtewicz, Joseph Kopser, Mike Maher, Nate Carden, Sean McIntosh, and Todd Connor, all of whom are committed to fostering the growth and success of veteran entrepreneurs in Chicago.

The Bunker's Website

The Chicago Innovation Exchange Business Incubator is a vital accelerator program intended to cultivate innovation and support startups in Chicago. Its mission focuses on establishing a dynamic tech ecosystem by offering essential resources, mentorship, and collaborative workspace for entrepreneurs. The program operates as both an incubator and an accelerator, allowing greater flexibility for the diverse community of startups it hosts across various sectors, including general tech and healthcare tech. This inclusive approach attracts a wide range of innovative ventures seeking guidance and support. They connect startups with experienced mentors, facilitating networking opportunities and potential funding avenues. The emphasis on milestone achievement and sustainable growth is clear, supported by a community environment that offers engaging chances for startups to interact with like-minded individuals and potential business partners. Notably, the institution is affiliated with the University of Chicago's Polsky Center for Entrepreneurship and Innovation, enhancing its credibility and commitment to fostering entrepreneurial success. Mark Yim is among the key individuals driving the organization, further exemplifying its leadership in supporting Chicago's entrepreneurial landscape.

Chicago Innovation Exchange Business Incubator's Website

This Chicago-based media platform, founded in 2010, is dedicated to the startup ecosystem. It specializes in connecting entrepreneurs with investors, providing visibility to new ventures through various media channels. The organization hosts live startup showcase events, allowing emerging startups to present their ideas and products to a broad audience, including potential investors. Additionally, a weekly podcast is produced that discusses startup trends, success stories, and industry insights. A newsletter is also distributed, reaching over 30,000 investors and offering updates on startup news and investment opportunities. The firm engages with a diverse range of industries, including entertainment, general technology, healthcare technology, and SaaS (Software as a Service). Established by key figures Mark Bertrand, Scott Kitun, Seth Kravitz, Val Chulamorkodt, and Zack Gilbert, the institution plays a vital role in fostering the startup community.

Technori's Website

This prestigious year-long program aims at accelerating the nation's top young entrepreneurs, specifically those aged 18 to 30 who are founders and equity holders of their businesses. The nonprofit initiative emphasizes the development of growth-stage founders as effective leaders, providing a supportive environment without taking equity from the startups. Participants gain access to a national network of successful peers and are offered mentoring, skill development, and entrepreneurship retreats. The program is primarily virtual, facilitating participation from various locations, and includes enriching Founders Weekends held in Chicago. Since its inception, the initiative has had a profound impact, leading to the creation of 1,980 jobs, generating $374 million in revenue, and raising $299 million in capital across a diverse range of industries, including Artificial Intelligence, Edtech, Healthcare Tech, and Social Media. Esteemed entrepreneurs such as Bradley Keywell, Candice Blacknall, and Scott Issen oversee the program, which supports a variety of business ideas and sectors, underscoring its industry-agnostic approach. This Fellowship not only equips young entrepreneurs with essential resources but also fosters a vibrant community for personal and business growth.

Future Founders - Fellowship's Website

This nonprofit organization is dedicated to empowering young entrepreneurs across the United States. The Startup Bootcamp is a three-month program tailored for individuals aged 18 to 30, focusing on idea-stage companies. This free, equity-free accelerator is designed to transform participants' ideas, passions, and side hustles into viable businesses through a series of workshops, mentorship opportunities, and peer support. The program's content is industry-agnostic, welcoming participants from various sectors, including edtech and general tech. Instructors are experienced entrepreneurs, providing relevant guidance and fostering a community of young innovators. Participants also engage in virtual sessions, which allow for inclusive access regardless of location. As part of the program, attendees will have the chance to form lasting relationships with peers and receive motivation and accountability tools to achieve their goals. Additionally, founders who demonstrate intent and traction may progress to Phase Two, where they can connect with coaches and peer mentors for further business growth. Notable figures associated with the organization include founders Bradley Keywell, Candice Blacknall, and Scott Issen, all committed to nurturing future generations of entrepreneurs.

Future Founders - Startup Bootcamp's Website

SmartHealth Activator is an incubator and activator specializing in extraordinary biotechnology. The organization has a mission to build biomedical startup companies around biotech innovations from Midwest universities and research hospitals. Situated at the heart of the largest biomedical cluster in the Midwest, the accelerator accelerates the commercialization of therapeutics, diagnostics, and medical devices. Start-ups associated with SmartHealth benefit from the guidance of the Ops Team, consisting of seasoned bioentrepreneurs and biotech experts with over 30 years of industry experience. These ventures leverage promising biotechnology to drive innovation. SmartHealth offers start-ups direct access to investors and seed funding to fuel their growth. The accelerator's focus on biotechnology encompasses domains like therapeutics, diagnostics, and medical devices, aiming to combat life-threatening diseases. Start-ups enrolled in the program gain access to a network of customers, mentors, and shared working spaces. The strategic proximity to healthcare industry giants fosters unparalleled networking opportunities. Founded by Tom Denison and catalyzing solutions for major health challenges researched in the Midwest since 2014, SmartHealth Activator holds a pivotal role in advancing biotech innovations and nurturing start-ups by connecting them with vital resources, expertise, and potential investors.

SmartHealth Activator's Website

SmartHealth Catalyzer is a biomedical venture studio that accelerates the commercialization of therapeutics, diagnostics, and medical devices originating from Midwest universities and research hospitals. They focus on building startup companies around promising biomedical research to address life-threatening diseases. The accelerator operates with an elite team of bioentrepreneurs and biotech experts, each bringing over 30 years of industry experience in drug development, diagnostics, and medical devices. Positioned at the heart of the largest biomedical cluster in the Midwest, SmartHealth Catalyzer specializes in biotechnology. Founded by Teddy Scott, the accelerator serves as a crucial link between biomedical research and market-ready solutions. The program champions Midwest-based innovations in biotech and healthcare tech, aiming to propel the commercial success of breakthrough technologies.

SmartHealth Catalyzer's Website

VentureShot is a startup and growth-stage incubator and strategic growth program. Founded in 2012, it is based in Chicago, Illinois. The accelerator focuses on helping entrepreneurs build their businesses by emphasizing key factors like growing revenues, scaling the business, and securing funding. It has made one investment in Shurpa Health within the Logistics industry and has one exit involving the same startup, occurring on November 16, 2022. While the accelerator's specialization domains are not explicitly mentioned, it likely supports startups across various industries, including logistics. The mission of the organization is to empower entrepreneurs, foster growth, and facilitate funding opportunities for startups. Notable investments by VentureShot include Shurpa Health in the Logistics and Supply Chain industry.

VentureShot's Website

A joint program initiated by the Illinois Hispanic Chamber of Commerce (IHCC), this incubator serves as a premier resource aimed at empowering Hispanic and LatinX entrepreneurs across the U.S. and the Americas. Its mission centers on fostering innovation, growth, and equal opportunities for minorities within the vibrant Hispanic business community of Illinois. The organization provides a tailored experience for admitted businesses, offering specialized one-on-one training, mentorship, and networking opportunities designed to support diverse founders. It emphasizes a wide range of sectors including fintech, general technology, and healthcare technology, ensuring participants benefit from valuable insights and connections that facilitate their business acceleration. Pivotal in creating a supportive ecosystem, it champions economic growth and drives successful outcomes for entrepreneurs, making it an essential platform for those seeking to innovate within the tech landscape.

Hispanic Tech Incubator's Website

This prominent accelerator program positions Chicago as a global technology hub for investment, entrepreneurship, and innovation, particularly in the food and agriculture sectors. The standout event, Future-of-Food Week 2024, is scheduled for May 20-24, 2024, and aims to connect food innovators throughout the Midwest. This multi-day program will engage over 1,000 startups, venture capital firms, and Fortune 500 companies, facilitating a vibrant ecosystem for early-stage tech ventures. Accepted startups benefit from complimentary tickets and exclusive invitations to specially curated programming. The organization emphasizes venture matchmaking, linking 250+ entrepreneurs with regional and national investors seeking Pre-Seed, Seed, Series A, or Series B funding rounds. Since its inception in 2014, it has been a key driver in promoting the Chicagoland area as a capital for food and agriculture innovation, encompassing industries such as Agriculture Tech, Fintech, and Food and Beverage. The program continues to foster the growth of the startup ecosystem, solidifying its reputation as a launchpad for innovation.

Chicago Venture Summit's Website

The accelerator is dedicated to supporting early-stage technology ventures in achieving product-market fit. It is tailored specifically for scalable B2B or B2G tech startups that have been operational for over six months but less than two years, possess a prototype or proof-of-concept, have raised less than $1 million in capital, and include a team of at least two members. Unlike typical startup programs that primarily emphasize pitch preparation or fundraising, this accelerator adopts a 'bottom-up' approach, focusing on identifying and engaging with early adopter users to establish a path toward sustainable market traction. Participants benefit from practical execution guidance, leadership development, and mentorship from experienced industry professionals. The program emphasizes preparing companies to effectively generate revenue and navigate challenges. Additionally, corporate and community champions play a pivotal role in fostering the environment necessary for startups to thrive. It operates across various technology sectors, including general tech and SaaS, showcasing versatile support for emerging innovations.

Technology Innovation Center's Website

Women and Drones facilitates connections and collaborations among women in the unmanned aircraft systems (UAS), Urban Air Mobility (UAM), Advanced Air Mobility (AAM), and Vertical Take Off and Landing (VTOL) industries. The Small Business Accelerator and Incubator Initiative supports both existing companies and innovative ideas by providing essential resources, mentorship, and networking opportunities. The accelerator targets U.S.-based for-profit companies with ready-to-scale solutions, requiring founders to dedicate 4-6 hours per week. The incubator focuses on those seeking to form non-profit or for-profit entities, with similar time commitments from participants. Key program features include business plan development, pitch competitions for attracting investors, expert mentoring, and enhanced supplier diversity. They also offer funding opportunities, capacity-building activities, and co-founder matchmaking to connect potential partners. This initiative champions an inclusive narrative for women in technology while promoting educational efforts for girls from Kindergarten to career to support a diverse talent pipeline. Members enjoy discounted program participation fees, further enhancing the supportive ecosystem for women in sectors such as consumer electronics, cybersecurity, logistics, robotics, and space technology.

Women And Drones's Website

This prominent accelerator is dedicated exclusively to supporting women-led companies in technology and life sciences. Based in Chicago, its mission is to provide equitable access to funding, resources, and networking opportunities for women entrepreneurs. It has facilitated the growth of over 920 companies, collectively raising significant capital, with 27 of these companies going public and creating a remarkable total value of $39.1 billion. The organization has nurtured 10 unicorns, proving its impact on the entrepreneurial landscape. Specializing in various domains, they offer tailored programs, including the Life Sciences Innovation Program, Digital Health Innovation Program, Retail Tech Innovation Program in collaboration with the New York Fashion Tech Lab, and Women's Health Innovation Program. Each program combines high-value live events with personalized advisory support to help participants overcome challenges. Additionally, the accelerator hosts the Dolphin Tank pitch events, where entrepreneurs receive constructive feedback from industry experts. With a community of specialized advisors, investors, and industry leaders, it fosters collaboration and growth, firmly establishing itself as a catalyst for women-led innovation in sectors such as biotech, healthcare tech, and fashion.

Springboard Brands's Website

This premier 6-month program is dedicated to advancing high-potential startups in the medical technology sector. It operates within a cutting-edge prototyping facility and is supported by renowned corporate and venture investors. The accelerator emphasizes innovation in key areas such as medicine delivery, remote patient monitoring, wearables, sensing and diagnostics, and therapeutic devices. Since its inception, it has successfully supported 46 high-growth hardtech startups. The program offers substantial benefits, including an initial investment of up to $175,000 in exchange for 5-8% equity, comprising $75,000 in cash and $100,000 in services, programming, and hardware. Startups receive extensive support in areas like customer discovery, prototyping, business viability, and access to a network of mentors and investors. Additionally, participants gain a 24-month membership, ensuring ongoing access to valuable resources after the program ends. By fostering collaboration with industry leaders and creating opportunities for pilot projects, this accelerator is poised to transform innovative ideas into viable, scalable products in the MedTech field.

mHUB MedTech Accelerator's Website

Powered by TechNexus Venture Collaborative, this accelerator is located in Chicago, Illinois, and focuses on enhancing productivity and public safety through technology. It serves as a vital access point to an ecosystem comprised of enterprises, startups, first responders, and cities, facilitating the development of industrial wearables technology. The organization emphasizes market validation-driven support, enabling entrepreneurs to gain access to key markets, industry experts, and essential resources that foster business growth. It specializes in catalyzing and commercially developing emerging technologies that enhance safety and productivity for First Responders, with applications extending across public safety, utilities, construction, and mining sectors. The program engages with ventures at various stages, highlighting the importance of market traction and offering close mentorship in conjunction with corporate partners. Committed to nurturing a diverse array of ventures within the industrial wearables technology domain, the accelerator plays a crucial role in the advancement of innovative solutions.

EMERGE CoLab's Website

This innovative accelerator is dedicated to leveraging artificial intelligence to enhance understanding of the gut microbiome and develop therapies to prevent diseases. It includes two key subsidiaries, Gateway Biome and Covira, which are spinouts from the University of Chicago. The organization specializes in the gut microbiome, essential in addressing various diseases, including neurodegenerative conditions like Alzheimer's and Parkinson's, cardiovascular issues such as hypertension and atherosclerosis, metabolic disorders like obesity and diabetes, and gastrointestinal diseases including inflammatory bowel disease and colorectal cancer. Covira has notably secured a $299,000 NIH Seed Fund Fast Track Award for research on a novel microbiome-directed agent aimed at preventing post-surgical infection. The institution is guided by Brian Yoor, former Chief Financial Officer of Abbott, who serves as Chairman of the Board. The accelerator operates within the Innovation and Research Park at Rosalind Franklin University of Medicine and Science, which offers 14,000 square feet of wet lab and office space, fostering collaboration between academic and industry scientists to tackle complex health challenges.

Three Squared Biosciences's Website

Last updated date 4/5/2024

If you would like to share any feedback/suggestion to make this page better, please write to us at support@aerialops.io