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2112 Inc.
4245 N Knox Ave,
Chicago, Illinois, 60641

CannaTech Ventures Team at 2112 Creative Studios in Chicago, IL.
FAQ QUESTIONS
Discover the most commonly asked questions about CannaTech Ventures.
What is CannaTech Ventures?

CannaTech Ventures is a cannabis industry technology incubator, helping early-stage founders go from the back of the napkin to incorporation in 12 weeks. The incubator helps innovators building tech or tech-enabled products gain access to the tools, education, network, and capital sources necessary to increase success.

Why Chicago?

Chicago is the Silicon Valley of Cannabis. There is no doubt that the Cannabis industry is booming. With all the emerging companies in Chicago, there is still a significant need for support. Chicago is the ideal city because it’s rich in diversity and culture. Our mission is to lead with diversity to grow a more equitable cannabis industry.

When does the first cohort start?

Applications are currently open, with an official start date of June 6th, 2022.

I live out of state. Can I apply?

Yes. The application is open to all innovators in the US.

Is it virtual or in-person?

The program supports a hybrid cohort, meaning all startups in Chicago will join the class at 2112, and startups outside Chicago will join virtually.

What are the requirements to apply?

You have to be 18+.
You are pre-seed.
You need to build tech or tech-enabled products (no services companies).
You have to be willing to commit to the 12-week program.

How will going through this program help me?

CannaTech Ventures is an early-stage incubator, providing startups with the education and community they need to go from the back of the napkin to incorporation through a twelve-week program. When going through CannaTech Ventures’ incubator, startups will have the full support and resources needed to pursue their idea meaningfully. Startups will have access to a physical location; they’ll learn from industry experts and be introduced to potential capital sources, with mentors and teachers ready to help.

Will I get investment in my startup?

Investment is not guaranteed. If you put in the work, do the homework, participate in the community, and leverage our resources, you will be ready to meet with early-stage investors by the time you graduate.

What are the Key differences from other programs?

Community platform.
Proprietary tools + curriculum.
Co-working access.
Industry experts.

What about post-graduation? What support do you offer?

What about post-graduation? What support do you offer?You will have access to the curriculum, tools, and resources for life. We’ve also developed an online community to ensure ongoing support post-graduation.

What is the difference between an incubator and an accelerator?

Incubators are for ‘early/idea stage’ founders.

  • Usually early/stage + pre-seed
  • Typically 3-5 months
  • Focuses more on the fundamentals of entrepreneurship and innovation
  • It helps founders get beyond the idea or prototype stage and prepared for early-stage capital

Accelerators are for startups typically generating $500k+ in yearly revenue, looking to aggressively scale (this number varies depending on the program)

  • The program typically invests in your startup, anywhere between $100k-$300k
  • Typically 6-9 months
  • Designed more for startups racing towards a Series A investment round
  • Supports startups in pre-seed, seed, and Series A phase
I’m interested in teaching. What should I do?

Please fill the application form out here. Question #7 select “becoming a teacher.” If you’re wondering what it means to be a teacher and the expectations, please review this document here.

I’m interested in being a mentor. What should I do?

Please fill the application form out here. Question #7 select “becoming a mentor.” If you’re wondering what it means to be a mentor and the expectations, please review this document here.

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