CHICAGO, September 28, 2015 — Impact Engine welcomed three new early stage companies to participate in its accelerator program today. The Impact Engine accelerator supports for-profit businesses solving important social and environmental challenges. Participating companies receive one-on-one mentorship, leading expert speakers, workspace in Chicago’s startup hub 1871, access to impact-oriented investors, $25,000 of upfront funding, and more. This accelerator cycle runs from September 28, 2015 to January 29, 2016.
These three companies are addressing domestic and international issues in the areas of health, education, and economic empowerment::
- Develop Link – Develop Link is a real-time market research platform for healthcare professionals in emerging markets. Develop Link gives doctors the data they need to improve care coordination and give governments and corporations data to make better strategic decisions.
- Fletch – Fletch is a college retention solution that allows students to organize study groups with just 3 taps on their phone or get quick answers around the clock.
- Skill Scout – Skill Scout is an HR services company that elevates how companies attract and identify talent. Skill Scout turns the transactional nature of online job boards and applicant tracking systems into a relationship and brand building capability. They are able to do this through video job postings, social recruiting, and hands on interviews.
Impact Engine is an investment fund that empowers entrepreneurs, mentors, and investors to use financial and human capital to make a positive impact on society. In May, Impact Engine announced it would be running its award-winning accelerator more often with fewer companies in each cohort. They also launched the Impact Engine Angel Network, Chicago’s first Angel Network dedicated to impact investing, and a new Seed+ track for direct Seed and Series A impact investments.
Impact Engine’s current sponsors include Freeborn & Peters LLP, gravitytank, Hannah’s Bretzel, Synergy Law Group, and True Partners Consulting.
About Impact Engine
Co-founders Linda Darragh and Jamie Jones of the Kellogg School of Management launched Impact Engine in 2011 to build a community of entrepreneurs and investors looking to solve the world’s most pressing problems through business-based solutions. To date, Impact Engine has invested in 23 companies and collectively they’ve created 192 jobs and raised more than $25.5 million in Seed and Series A funding.
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