A new startup services firm has reared its head in Bloomington, Indiana. Meet SproutBox, the brainchild of Marc Guyer, Mike Trotzke, and Brad Wisler.
Much like Remarkable Wit, a venture technology firm we recently covered, SproutBox focuses on product development and essential business services, investing talent in startup companies in exchange for equity.
Each year, SproutBox proposes to give four hand-picked startups enough cash, expertise, tools, and other resources needed to turn their early stage ideas into a revenue-generating reality.
During the eight-month Sprout cycle, the selected startup will receive approximately $250,000 worth of services, which the founders say is a greater investment than that offered by similar firms such as TechStars or Idealab. Startups are also given enough actual money to pay the entrepreneurial team to focus on building and growing the startup.
At the BIGOmaha conference this morning, founders Trotzke and Wisler sat down to talk about the SproutBox approach and what they think will make a good startup project.
Starting today and until August 8, SproutBox will accept applications from entrepreneurs. Interested entrepreneurs and start-ups can apply online at SproutBox.com.
As a means of proving the model, SproutBox has already completed work on two projects. The team developed DecideAlready, a web-based decision-making tool, and CheddarGetter, an easy-to-use online subscription management and billing tool which is currently accepting requests to join its private beta.
