New college startup competition says city wants young entrepreneurs right away
In what could be considered an ingenious idea by any city looking to bolster the local economy, provide fresh perspective to the area, and fulfill a promise to provide jobs to high-achieving college grads, Chicago has designed a new competition for college entrepreneurs.
Chicago Mayor, Rahm Emanuel, ThinkChicago and 1871 this month (March 2014) launched the city of Chicago College Startup Competition (CCSC), a new effort to attract the leading collegiate business startups from around the country to Chicago.
Mayor Emanuel has set a goal of doubling the size of the city’s technology business by 2020, creating 40,000 jobs for the local economy.
As part of the CCSC, 1871 will provide up to 10 full-time desks at their 50,000 square-foot networking and business incubation space in The Merchandise Mart. The spaces will be designated for entrepreneurs who started their businesses while in college and wish to continue after graduation by moving to Chicago.
(Next page: How to apply; what winners receive)