Want to start a company… but you’re short on ideas? There’s an incubator for that.
Well, actually, it’s called a “foundry.”
What is a foundry?
Chicago-based Sandbox Industries recently opened a new start-up foundry in San Francisco. Managing Director Millie Tadewaldt says unlike a traditional incubator that brings in early-stage start-ups already working on idea, Sandbox simply looks for talented peopleâ€“often with no entrepreneurial experience. It gives them mentorship and capital and tasks them with identifying promising new start-up ideas through testing, market research, focus groupsâ€“whatever it takes to figure out which ideas have legs.