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Startup Hub 1871 Will Acquire Catapult Chicago
Co-working and startup hub 1871 will acquire Catapult Chicago’s intellectual property assets and programs, the two organizations said Wednesday. The agreement doesn’t include Catapult’s 12,500 square-foot-lease at Tishman Speyer’s 227 W. Monroe St. in the West Loop.
Members of both organizations will join together under the 1871 name. 1871 will incorporate Catapult’s peer-selected and community-driven structure into the “Grow” stage of its PYROS program, which will be renamed “Catapult.”
“Organizations such as Catapult and the work they do for early stage businesses are what make Chicago one of the best places to build a business,” said Betsy Ziegler, CEO of 1871.
She continued, “Following the power of “and” is an important aspect of our vision, so we firmly believe that through this acquisition and integration, we can better serve members throughout every stage of their development and expand our collective reach in Chicago, Illinois, and across the Midwest.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
