CHICAGO- Foley & Lardner LLP and Catapult Chicago, a community of high-tech start-up firms, announced yesterday that Catapult had renewed their lease with the law firm for more than 10,000-square-feet of office space on the 25^th floor of 321 N. Clark St. Catapult, first launched a little over a year ago, allows developing firms to share space, collaborate on ideas and gain access to possible funding sources. Similar incubator spaces, modeled after types that were common in Silicon Valley, have sprouted across Chicago's CBD and many experts say they might help finally turn downtown into a high-tech hub.

“We are thrilled to continue operating in this space in a world-class location,” said Ryan Leavitt, a co-founder of Catapult, in a statement. “Our Class A high-rise office houses some of Chicago's most ambitious and creative tech start-ups. We look forward to continuing to be the place where some of the most advanced companies come to grow their endeavors.”

“Catapult's lease renewal is another sign of the burgeoning tech scene in Chicago as well as the success of Catapult's unique peer-selection business model,” said Christopher Cain, a partner at Foley. He helped found Catapult along with Foley attorney Galen Mason, Leavitt, and entrepreneurs Vishal Shah and Kris Chinosorn.