ScaleWell grant for Entrepreneurs. We're having a party.

This is a project that is giving away money, $1000 at a time, to startups, in Chicago, and this is the first time I've ever heard of them. I'm very confused.

We're moving fast and hope word spreads quickly. The important thing to note is this is a bottom up movement and strives to be as egalitarian as possible.

More info at http://www.scalewell.com and http://twitter.com/scaleswell

Some of the folks involved are part of this as well: http://jellychicago.com/

clearly you need to come to more HN-Chicago meetups ;)

http://groups.google.com/group/hn-chicago

It seems like a business plan competition, except with a very ambiguous payoff and you're pitching to a bunch of random guys. I'm not saying it isn't legit, but I'd think twice before applying to this.

Hope to see everyone who can make it here. YC and Techstars alum are greatly encouraged to attend. These participants are looking up to you.

It's also a good opportunity to meet mentors and potential cofounders for startups who can make it.

How was the initial response to this project?

We had over 70 participants including both trustees and applicants.