Bloomington’s SproutBox Now Accepting Applications

Have you heard of SproutBox? If not, they have a very interesting approach to help entrepreneurs who have software product / service ideas.  Here is an overview of what SproutBox does:

SproutBox invests in entrepreneurs. We represent a new approach to venture capital that is about more than just writing checks. We invest ourselves in a company’s success. Each year, we give four hand-picked startups the team, tools, and resources needed to turn their early stage ideas into a revenue-generating reality.

We’re not about talk. We are a team of 10 coders, marketers and business experts that work with entrepreneurs full-time in exchange for equity.

I’m anxious to meet the founders. I think this model has applicability outside of software. I think this model can be replicated in struggling communities. I know a few I’d like to explore. SproutBox is definitely improving the tech community in Bloomington, Indiana.

SproutBox is now accepting applications for their next investment cycle. If you or someone you know has an interest, be sure to apply. The deadline is 11:59pm December 5, 2009.