Excelerate Labs selects 10 promising technology startups

The companies will receive $25,000 each

Melissa Harris CHICAGO CONFIDENTIAL April 28, 2011 

It often takes Troy Henikoff and Brian Luerssen of Excelerate Labs less than a minute to toss a pitch into the “obvious no” pile.

There was the dry-cleaner that applied to the incubator, which runs an annual boot camp for technology startups. And the umpteenth deal-of-the-day Web site. And the college freshman who wanted Excelerate’s money and advice but intended to take a hiatus from the business once school resumed.

But arguments over the “maybes” have lasted until 2:30 a.m. as members of Excelerate’s board pare down hundreds of applicants. After funding 10 companies last year….

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Filed under: Excelerate in the News — April 27, 2011