Excelerate Labs, the new tech incubator in Chicago run by Sam Yagan from OKCupid, recently announced the top 10 startups approved for their summer-long incubator program. The winners are Edulender, FanGo, GiveForward, MathZee, Noblivity, PVPower, ScholarPro, Tap Me, TransFS, and WeGather.  As you can see this is a decidedly web 2.0 group, which is a big confidence builder for the Chicago web tech scene.

We at midVentures are excited by the fact that 2 startups from the midVentures25 were selected for the Excelerate program  including FanGo and GiveForward.  Additionally, we’ve been informed that a third mV25 startup, Adapt.ly, run by Nikhil Sethi, was accepted into the Philadelphia incubator DreamIt, and a fourth mV25 startup, Watermelon Express, is a finalist in the University of Chicago Booth School New Venture Challenge.

In other words, within two months, the mV25 startups are growing via the help of incubator funds and business school competitions. Once a startup gets full VC funding (or experiences an IPO) we will definitely let you know.