SpotHero met with 500 Startups founder Dave McClure when Mr. McClure visited Excelerate last month, and finalized the deal shortly thereafter…

SpotHero, a parking-reservations startup that’s one of the participants in this summer’s Excelerate Labs tech-business incubator, is partnering with another local tech business, Chicago.com, in an effort to attract Internet search traffic.

Today’s featured startup, 71lbs, creates shipping management tools are easy to use and cost effective

Chicago-based business incubator Excelerate Labs unveiled its third class of startups on Wednesday, announcing a slate of 10 companies that includes international participants.

Chicago-based Excelerate Labs, led by entrepreneurs Troy Henikoff (SurePayroll) and Sam Yagan (OkCupid, eDonkey, SparkNotes) is announcing its Class of 2012.

Babbaco.com, which is designed for 3- to 6-year-olds, sends a theme box with “all the physical materials plus know-how content to really engage with your kids,” says the website.