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Catapult Chicago Growing Up

CHICAGO- In this UPDATE to yesterday's story, a co-founder of Catapult Chicago tells GlobeSt.com how the high-tech incubator could change the downtown market.

By Brian J. Rogal | Updated on April 10, 2013

CHICAGO- When attorney Galen Mason helped the business incubator Catapult Chicago get started in the offices of his law firm Foley & Lardner LLP, he only anticipated helping high-tech entrepreneurs grow their companies. Although they’ve done that, after only one year Mason also calls the experience an education and “the defining moment of my legal career. We’ve learned what it’s like to be outside general counsel for ten companies” just starting out and discovering what these businesses need to grow. “That was really unexpected.”  

And the companies at Catapult have grown. They’ve taken advantage of the free legal services from Foley, business services like accounting from other partners in the effort and gotten ideas and connections from their fellow Catapult entrepreneurs. They have raised approximately $8 million from investors and Mason says he expects them to raise about $20 million this year. “They’re attracting names that would turn heads on the Coast.” And Shiftgig, an online provider for the services industry, has grown so much it will soon “graduate” and move into its own offices. Other firms at Catapult include BidMed, BucketFeet, MentorMob and StyleSeek.

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