Madison Seed Accelerator Inc

Overview

Madison Seed Accelerator Inc, operating under the brand Madworks, is a nonprofit organization dedicated to supporting early-stage startups in Wisconsin. It provides a comprehensive accelerator program that includes grants, mentorship, and training in business operations, financial management, and governance. The organization aims to foster a robust entrepreneurial ecosystem in Wisconsin by equipping startups with the necessary tools and networks to succeed.

History and Impact

Since its inception, Madison Seed Accelerator Inc has been actively engaged in bolstering the startup community through its Madworks program, which has helped over 120 early-stage companies across various industries. The program is designed to help entrepreneurs develop their products or services, refine their business strategies, and prepare for future funding opportunities.

Program and Benefits

The Madworks accelerator program offers several key benefits to participating startups:

• Grant Funding: Each participating company receives a grant of $5,000.
• Mentorship and Networking: Participants gain access to a network of experienced mentors and entrepreneurs who provide guidance and support.
• Operational Support: The program includes training in legal compliance, financial management, and governance processes.
• Lean Startup Methodology: Participants are taught lean startup methods to accelerate their understanding of marketplace needs.
• Facility Access: Companies receive a flexible membership to StartingBlock, a hub for entrepreneurs, with dedicated space for Madworks participants.

Financial Information

As of 2023, Madison Seed Accelerator Inc had revenues of $20,200, with total expenses of $21,400. The organization held total assets of $30,000 and no liabilities. These financials indicate a commitment to utilizing resources efficiently to support entrepreneurial development in Wisconsin.

Mission and Goals

The mission of Madison Seed Accelerator Inc is centered around providing essential resources and training to entrepreneurial teams in Wisconsin. The organization seeks to enhance business skills, offer legal and financial training, and foster a supportive community for startup founders. By bridging these gaps, Madison Seed Accelerator Inc aims to contribute significantly to the economic growth and innovation within the state.