Rolling his "Rise of the Rest" entrepreneur road tour into Madison on Sunday, former America Online CEO Steve Case said the city's rising young, university-led talent pool inspired his visit to eventually award one start-up $100,000 to grow their business.
?And you start seeing the momentum with some large companies supporting some smaller companies. And more start-ups are coming to Madison,? Case said. ?It sort of hits a tipping point.?
The initiative aims to show that, just like in Silicon Valley and New York, Midwest communities have start-up companies on the rise.
Case said he will hand out the money at the Majestic Theater on Monday to one of the nine Madison finalists presenting the most "uniquely Madison" idea.
?Hopefully it's an idea that really signals that Madison's arriving as a startup region,? Case said. ?And really sends a message to the rest of the country, even the rest of the world.?